MITC Readying for a Recovery?Its been a brutal year for Nasdaq, and $MITC is no exception. Its been tracking downwards since December after the Black Friday dip in major US indexes. While $MITC has underperformed $NDX, its smaller enterprise value makes this equity more vulnerable to background volatility, and the fact that the MITC and NDX price action's have followed the same course indicates a tight nexus. That said, we may be in for a reversal soon, and the fact that $MITC's RSI is in undervalued territory speaks to this. MACD is also moving in a positive direction, so I for one am banking on the fact that once NASDAQ reestablishes its foot, $MITC will be right up there with it.
Meatech
MITC the next Beyond Meat ???Dec. 7, 2021 Sharon Fima, CEO and CTO, MeaTech3D:
“Today’s breakthrough is the culmination of over one year’s efforts in our cellular biology and high-throughput tissue engineering processes, as well as our precision bioprinting technology. By bioprinting a 3.67 oz steak comprised of living tissue, we believe we have both validated our core technologies and placed ourselves at the forefront of the race to develop high-end, real cell-based cultivated premium meat products.”
I think MeaTech3D has the potential to rival BYND at some point.
52 Week Range 4.81 - 11.79
Market Cap of only 84.347M
MeaTech 3D Overbought. MITCOverbought generally means heading down. We believe this case is not an excpetion. It is a nice looking fractal forming here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Beyond Meat 2.0 with Real Meat Protein! Welcome MEATECH 3DLook, i have a premium signal for all the 4364 Tradingview followers family.
MeaTech is developing a novel, proprietary three-dimensional bioprinter to deposit layers of differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat, often called "clean meat" or "cultured meat."
MeaTech Announces Pricing of $25.0 Million U.S. Initial Public Offering of American Depositary Shares and Approval to List on Nasdaq Capital Market. (prnewswire.com)
MITC MEATECH 3D Market cap 128.347M vs Beyond Meat Market Cap 8.767B
I see a 10X play here!
Not trading advice.
