MNMD is getting ready to enter $4 channel in Q3, Stochastic RSI and a Bullish hammer candle stick at the end of the day (daily chart) indicates an uptrend followed with good news in upcoming days and shift of smart money into the Psychedelics.
Psychedelics medicine gets ready for post pandemic market and probably act as a super hero to cure damage of pandemic...
As we can see the chart, from Feb 1st the price range established in $8 channel.
It is already bounced from the $8.20 toward higher targets, and now getting ready to break through the next resistant poit of $8.80, after that the next target will be $9.98
Timeframe to reach the price target might be by end of Feb to mid March.
Considering the current price of...
There is a strong pull back on RSI 60, the resistance of $7:40 broke easily, there is a bigger one at $7.80 that supposed to push it back to $7.20, but due to the Covid Vaccine news it should not go lower than $7.40
Belw $9 will be a sell position and rebuy at $6.20
