Buy MMAT 1/11/2021You can buy MMAT target 6.78 stop loss 4
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
MMAT
Big MMAT Energy 😉Not a financial advisor.
Metamaterials is soon to be an industry giant. After acquiring TRCH energy months back shareholders are finally starting to see the preferred shareholder dividends. I'm one of them.
Rumors have been swirling around that after this deal was complete that they might be looking to partner up with TESLA!
I do see current events leading to that being likely. However I won't speculate, so please do your own research there.
This is a long hold for me personally, I want shares to hold for years.
Short term this will get into the $7-10 range. I do see this going back to the $20's and personally I value this well past the $30's however that is going to take some time to develop.
I am working swing plays to acquire more here.
MMAT short squeezeMMAT has a good chance for a short squeeze.
More confirmation if it goes above 6.42
MMAT - EMA , MA Convergence1 Hour Chart - MetaMaterials in a consolidation phase, which could be leading the next leg up.
50 MA
EMA 100
Convergence.
Ready to Rip
Will These Levels MMAT er This Week?MMAT has been on the list of short squeeze stocks recently. SPRT 's big move along with BBIG 's big pop helped spotlight some stocks with higher short interest. For this retracement, we didn't do much more than extend out the same fib retracement we plotted in July, which still appears to show relevancy. What's more, is MMAT has a few other things to keep in mind outside of the typical technical/speculative trends:
" The company recorded 197% revenue growth in the second quarter as it continues seeking new contracts. This comes as Meta Materials works to button up yet another acquisition. This one is for Nanotech Security Corp., valued at just under C$91 million. The deal is expected to expand and speed up Meta’s commercialization strategy. In particular, it brings Nanotech’s electron beam lithography equipment anticipated to decrease production costs noticeably. “Nanotech also adds complementary skillsets which can support META’s markets, accelerating our commercialization plans in verticals such as solar energy, 5G and other antennas, battery and fuel cells, and carbon capture,” said George Palikaras, META’s President and CEO...As it relates to MMAT stock short interest, outlets are showing a short float as of today’s date above 40%. However, it does make sense that some have taken bearish bets on the company considering all of the cash laid out for its current and pending acquisitions. Needless to say, it has been one of the penny stocks to watch this week. "
Quote Source & Read More: 4 Short Squeeze Penny Stocks To Watch After SPRT Stock’s 1,309% Run
Long | MMAT | Swing TradeNASDAQ:MMAT
Possible Scenario: LONG
Evidence: Price Action,
Call options, Strike 5$, 01/21/2022 50%
Call options, Strike 3$, 10/15/2021 50%
*This is my idea and could be wrong 100%.
MMAT Meta Materials strong support and Price TargetsThe 2021-8-20 expiration date for $6 Call options have one of the most implied volatility in the market.
The stock is sitting now at a strong support level from which it might bounce exactly to the 6usd resistance.
The intraday volume is strong 20Mil on average.
i`m looking forward to read your opinion about it.
MMAT Levels To Watch Right NowNot much happening with major Fib levels for MMAT however, that 200DMA seems to be acting as a potential level of support after falling below the 786 fib line. Meanwhile, there seems to be a level of resistance around $5 that has been the case several times over the last few months. The big question now is will the 200 hold this week?
Also have the SC13 G from last week to keep in mind. Nova Scotia Innovation Corporation (Operating as: Innovacorp) reported a 4.399 % stake in the company. This was an amended 13G and if you look back at the one posted on 7/7, you'll see Innovacorp reported a 6.558 % stake.
