A Desperate Long Position
My First Idea here, I would like to think of it more like an intuition vs. technical analysis. MNY has made some patterns I noticed especially like around 24th-25th of a month, entering a consolidation area for 2-3 weeks (1.88$-2.00$). waiting for an up trend breakout to exit my position.
Facts on MNY:
NASDAQ Listed
Positive performance & earnings
Low daily Trading Volume except in the seasonal pattern
Slow mover but volatile if it moves suddenly
Boring to wait for if its sleeping on volume
1 analyst is expecting it jump to 7$ by end of year , another expects 4$ somewhere in 2025.
A well made Recent Research: (Credit goes to Milo Bussell Associate Analyst, Consumer and Media) www.edisongroup.com
Please share your thoughts further, again this is just an idea not a TA.
MNY Thanks! (Pun intended)
MNY
MNY a penny stock from Asia catching some buying volume LONGMNY is a penny stock from Singapore on NASDAQ. With its volume and volatility spiking and a
90 % jump in the past month. It got my attention. For penny stocks and NASDAQ requirements,
getting over $ 1.00 is important for several reasons. MNY did it well. I will take a small position
in this risky play expecting a great return over the near and intermediate term. If you like
PYPL SQ or SOFI but need something with some better volatility to get try to capture
some quicker profits this might fit your need.
MNY.ASX_Breakout Trade_LongENTRY: 3.18
SL: 2.85
TP: 3.38-3.86
- ADX<25. Around 23.
- RSI>65
- RS and FFI +ve
- Daily MACD +ve
- Breakout with good volume on 19 Apr 2021