MedMen: Wyckoff Accumulation Pattern
MedMen(MMNFF) has formed a Wyckoff Accumulation Pattern and is currently creating a potential ‘last point of support’ pattern in Phase C after a recent ‘spring’ and ‘test’ of the spring. Price is currently below a resistance level(red) at .22c which stems from a price peak made in September of 2020 and then again in December of 2020. Price must move above the .22c level before more gains can be had.
The expected move going forward for price to continue pushing higher into a ‘build up’ pattern and eventually push on up toward the lower resistance line near 0.40/share. The blue line represents the anticipated path for price.
The expected move going forward for price to continue pushing higher into a ‘build up’ pattern and eventually push on up toward the lower resistance line near 0.40/share. The blue line represents the anticipated path for price.
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