MMNFF shares suffered through a brutal 2019 as supply and debt pinched shareholders, along with regulators. But 2020, and a broken trendline, suggest some repair ahead. ------------------------------- Medmen Enterprises Inc (OTCMKTS:MMNFF) Medmen, together with its subsidiaries, operates in the cannabis space in the United States. The stock took a freaky bad...
I do not provide financial advise. Despite serious declines in Canna Stocks in 2019 looks like $MMNFF successfully capitulated and retail investors are being shaked out by institutions. Here's why: - On macro, long-term parabolic wedge has resolved itself by hammered spring and followed up by SFP bullish candle. Please note this was second largest green candle...
not saying this is exactly what's going to happen but its always a good idea to be prepared. medmen will most likely go back to the .48 range. and these are my thought on how it will happen. this is educational and lets see how it plays out. I marked with blue boxes buy and sell ranges. or this could be used to short today and show where I would cover.
Very bullish moves in the past few days, maybe the POT stocks have finally found a bottom and the negative vaping news flow has decreased . Source Yahoo. MedMen Enterprises (MMNFF – Get Report) recently announced it opened three new retail outlets in Florida, bringing the total number of operating stores in the U.S. to 29. At this time, MedMen has four retail...
With its stock down to a humbling $1.90 a share from a peak of $6.50, MedMen Enterprises reassured investors today that at least its cannabis sales are on track. The California-based pot chain said a preliminary tally of June-quarter revenue showed a 15% increase from the March period, to $42 million. MedMen says it is also making progress on trimming the high...
pos bear ABC it done it going down. New lows. Another count may unfurl, not super clear on what the move down would be, could be an impulse not complete, could be some kind of ZigZag Combo, looking for #ClairityofCount bull div
Daily consolidation on MMEN is not healthy at this point, bulls are trying to find a weekly higher low above 2.51 all time low. Watching the 1hr RSI equilibrium to see if it gives any early signals for a potential intraday scalp trade.
few possible counts here, ABC it done it going down. 1 2 and the 3rd is going down for the 4. or 1 2 and it is putting in the 4 of the 3
Hit bottom and put in higher low and new highs. next test looks like the 2.68 resistance
Bullish divergence in the RSI. 12 day EMA acting as support, that once acted as resistance. Large volume break of resistance will help to confirm breakout and change of trend.
Support seems to be @ $2.54, this stock has been trading sideways for months and if history is to repeat itself, it looks like there may be some upside in the short-term. Apply proper indicators/oscillators to form a trade. This is not financial or investing/trading advise.
Going long from the Bottom of the sideways move with the oscillators backing me up.
The last 2 times it reached the bottom of this channel it formed an equilibrium and then reversed directions. I expect it to first consolidate below this 12-period EMA line as it has done in the past. MACD is about to cross bullish on the 4-hour. Breaking of the RSI resistance level of 44 will help to confirm breakout.
Medmen stock has been hammered by lawsuits due to alleged negligence by the company executives. All lawsuits and Bear warnings have been baked into current price. There is great potential for the company to succeed if they can get past all the negatives. The current size of the California cannabis market alone is the equivalent to the entire Canada cannabis market...