MINDMED - LEADING THE PSYCHEDELIC REVOLUTIONIn 5 years the stock can easily be in the 7-10$ range.
2.60-2.80 is a good entry point
MNMD trade ideas
The most beautiful bullish setup for MMED i've seenEnglish version :
First the most obvious, its RSI is in an oversold zone (same level as 0.26 cent then $ 2.64, so could we see a 10x return in the next 1-3 years, to $26 ? I believe so, and it brings me to my next point.
So, to follow up on what I said above. Its movement seems cyclical, and with the illustration we see that it respects two theories: Elliot Wave (movement a, b, c, d, e) and Parabolic movement. For Elliot, we see that we are at point d, the point before the aggressive upward movement (which is confirmed by the MACD and very oversold RSI). Then, with regard to the parabolic movement, it is built on 4 bases/zones, and we are in zone 2. At every end zone (consolidation), we also see an aggressive upward movement, and it is confirmed that in zone 3 the movement is the strongest (which confirms that in the medium term, 1+ year, the stock can easily reach $ 20 +).
Thirdly, a subtle but very strong indicator/confirmation, in yellow, I have drawn an inverted head & shoulder, which indicates a bullish movement, as the right outer shoulder is confirmed at the same area as the lowest of the left shoulder (good symmetry = better precision on the bullish movement to come).
Then on its Fib, a very popular area for a strong rebound when a stock is oversold, exactly at 0.786 (you need to breakout of the 0.618 area to confirm the more bullish movement).
Lastly, about the company, there is good news since the first day. They are leaders in its sector (a sector that can bring in $ 1 billion in annual income per molecule developed, and they are currently working on more than 11-12 molecules and treatments). Their site is impeccable, with a very competent team with the highest level of education and experience. They have enough money for the next 5 years (a great advantage for a pharmaceutical company, because it leaves them plenty of room for acquisitions, development, etc., and they already do that. Important point, you should know that legalizing and then educating about the drugs that they are using in their researches is a very complex process, but by reading between the lines I understand that they are making the process move slowly, but surely (it is not the fastest who wins the race, it is the most resilient and patient).
Version française des faits :
Premièrement le plus évident, son RSI se trouve dans une zone oversold (même niveau que 0.26 cent ensuite 2.64$, donc un x 10 possible dans l'espace de 1-2 ans soit 26$? Je crois que oui, c'est pour ça que j'aborde mon prochain point.
Donc, pour faire suite à ce que j'ai dit plus haut. Son mouvement me parait cyclique, et avec l'illustration on voit qu'il respecte deux théories soit Elliot Wave (mouvement a, b, c, d, e) et Parabolic movement. Pour Elliot, on voit qu'on est au point d, le point avant un grand mouvement agressif vers le haut (ce qui est confirmé par le MACD et RSI très oversold). Ensuite, pour ce qui est du mouvement parabolique, il est constitué de 4 bases ou zones, est nous sommes dans la zone 2. À chaque fin de zone, on voit un mouvement agressif vers le haut, et c'est confirmé qu'en zone 3 le mouvement est le plus fort (ce qui confirme qu'à moyen terme, 1 ans +/-, le stock peut facilement atteindre 20$ +).
Troisièmement, un peut subtile, mais très fort comme indicateur, en jaune, j'ai tracé un inverted head & shoulder, ce qui indique un mouvement bullish, car l'épaule extérieure droite est confirmé à la même zone que le plus bas de l'épaule droite (bonne symétrie = meilleur précision sur le mouvement bullish à venir).
Ensuite, sur son Fib, une zone très populaire pour un solide rebond quand un stock est oversold, soit exactement à 0.786 (il faut briser/breakout de la zone 0.618 pour confirmer le mouvement bullish).
Dernièrement, au niveau de la compagnie, que de bonnes nouvelles. Il faut savoir qu'elle est leader dans son secteur (un secteur pouvant rapporter 1 millards $ de revenu annuel par molécule développée, et ils travaillent actuellement sur plus de 11-12 molécules et traitements). Leur site est impeccable, avec une équipe très compétente du plus haut niveau d'études et d'expérience. Ils ont assez d'argent pour les prochaines 5 années (un grand avantage pour une compagnie pharmaceutique, car ça leur laisse du lousse pour des acquisitions, du développement, etc, comme ils le font déjà par ailleurs. Point important, je vais finir là-dessus, il faut savoir que la légalisation puis l'éducation de la drogue qu'ils utilisent c'est un processus qui est long et complexe, mais en lisant entre les lignes j'ai compris qu'ils font avancer le processus lentement, mais sûrement (comme le compte du lièvre et de la tortue, ce n'est pas le plus rapide qui gagne la course, c'est le plus résiliant et patient).
MNMDMNMD has been in a massive triangle consolidation since December. It has finally touched the 200SMA for the first time last week.
Q3 MNMD
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 for the past year offering cure for depression.
Target for the first wave is $12 and then $40 with first financial report after launching the product.
$MNMD Mind Medicine Key Fibonacci Alert Level.
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Downward Ray gave perfect breakout... upward ray to trend $MNMDThe downward ray given along with 3.60 magic number provided perfect breakout.
The upward ray coming from lows before the list has been drawn since before crossed, and has no validated itself.
Volume profile is favorable to the long side. This ray is simply guidance, but is offering a good leading indicator. If we can get above or at least stay close, it appears we continue trending for now.
Selloff yesterday proved absolutely no interest in staying at lower levels.
Chillin At the 382 FibMNMD still hanging out around this 382 fib line. Wondering if the upcoming Atai IPO will help or hurt things.
"Psychadelic penny stocks are performing well as many companies in the niche are growing in both size and popularity. Its latest update comes from May 26th when the company published its first pharmacogenetics data report on LSD in collaboration with Liechti Lab in Basel, Switzerland...Again, the field of psychedelics and publicly traded psychedelic stocks are both very new to investors. However, new can be good if it is done correctly. In the past month, shares of MNMD stock have risen by around 12%. And, in the past year, that number jumps to a staggering 1,143% as of June 16th."
Quote Source: 4 Penny Stocks to Watch Following the Fed Meeting and Powell’s Remarks
MNMD BULLISH PENNANT FORMED, BROKE 3.90 RESISTANCEThis is not financial advice, I am not advocating the buying or selling of MNMD stock
MNMD/MMEDFStrong support at 3.7-3.8 level on high time frame(daily). Low time frame we have a falling wedge. Psychedelic medicine is the future.
$MNMD Mind Medicine | Triangle: Watch For A Breakout$MNMD triangle consolidation above key support.
Large volume increase and some small unusual options activity in OTM calls. Watch for a breakout. Above $4 can lead to a massive move to the upside.
bullish on mndmshort term i would like to see some more capitulation after the nasdaq listing fomo. bruce linton and JR dumped shares that all got bought up, but may be psychologically damaging to some. anything under 3 bucks is definitely a buy. will go parabolic with the growing interest in all things mushrooms/psychedelics. read the chart not the news.
$MNMD Looking to Trend, Must Close Above Black Ray...Price discovery is full effect. We've seen some healthy consolidation near what I believe to the bottom - about 2.94
2.25 was the accelerator, and I indicated the price action around it last week was very bullish...
Numbers to watch are 4 - 4.55 - 5 - 5.69
There's not telling what happens this week... that FDA news just dropped and market is reacting (although it was evident in the price action last week)
Keep focus on the black ray. That's a channel we want to stay out of. If we can close above it I believe we start to trend for now.
2 HOUR CHART - Starting from the bottom ...... and the back to $4.75 (which is, not coincidentally, my purchase price!)
MMED Neutral At this stage it may be a good buy for long term hold. The longer the better.
I am trying to find a swing trade and with current market conditions, and a big gap. I am looking at buying it at 2.80 ish
such a huge opportunity to buy MNMDMNMD has lot of backups and it has really good opportunity to go higher more and more
Goodluck
Way oversold, will look for support to add- BullishRSI in the oversold range, with volume MNMD, should really pop. Also do like this long, strong team of scientists behind the company. Looking for a support level to add more- will write CCs against my shares. Just some FIB levels to watch and Supply/Demand zones- HODL
PT1- 10$
PT2- Moon
Is this love, baby, or is it confusion?This is an Elliot Wave projection suggesting we've just completed Wave 2 of a standard 5 Up formation.
Wave 2 is often a 0.5 or 0.618 pullback on Wave 1.
Wave 3 is often related to Wave 1 by 1:1, 1:1.618, or 1:2.618 (don't ask me why).
Wave 4 often pulls back to the .382 of Wave 3.
Wave 5 is least reliable and may replicate Wave 1 when Wave 3 extends, or extend to the 1.618 if Wave 3 replicates Wave 1 (again, dont ask me to explain this woo woo theory).
Possible Wave 2 targets ($CAD): 8.88, 10, 11.65, 16
Possible Wave 5 targets: 11, 13.37 14.59, 20
The MACD is turning up with a bullish divergence shown in yellow.
NOTE This analysis is akin to random guessing and finger painting. These price targets and predictions are in no way intended as finacial advices.
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