Pyschedelic Cup of Numinus Tea (LONG)
Disclaimer: I am not a financial analyst nor an advisor and this is not trading advise. I am just an amateur trader learning how to make my millions and sharing my observations as they come to me.
That being said, I shall now spill all the tea I have on Numinus Wellness (OTC:LKYSF).
LKYSF is in the psychedelics space and work with shrooms and DMT, but has been engaged in clinical trials to determine whether synthetic psilocybin is as effective as that derived from natural plants.
The price formed a lovely cup with a very high handle. In the Day chat, price has respected 50-day SMA and 200-day EMA and has just rebounded off a trendline that is closely matched with the 200 EMA (on 5/28/2021). Right now, the price is bouncing down from the 50 SMA to rebound off the 200 EMA which is has risen to meet support around $0.73. It looks like it is either consolidating for a big boost past $0.90, or it will break through support AND 200 EMA and possibly retreat to another level at $0.60.
I am long on this stock because it has value as an effective alternative to current treatments for PTSD, Anxiety/Depression, and other mental health-related diagnoses.
External factors such as legalization/decriminalization policies and positive press will push the price above the current 100 EMA ($0.95 at the time of this posting).
I got in at $0.733 and hope to ride it up for at least 2 weeks or until it hits my TP.
Take care,
Signal526
OTC:LKYSF
That being said, I shall now spill all the tea I have on Numinus Wellness (OTC:LKYSF).
LKYSF is in the psychedelics space and work with shrooms and DMT, but has been engaged in clinical trials to determine whether synthetic psilocybin is as effective as that derived from natural plants.
The price formed a lovely cup with a very high handle. In the Day chat, price has respected 50-day SMA and 200-day EMA and has just rebounded off a trendline that is closely matched with the 200 EMA (on 5/28/2021). Right now, the price is bouncing down from the 50 SMA to rebound off the 200 EMA which is has risen to meet support around $0.73. It looks like it is either consolidating for a big boost past $0.90, or it will break through support AND 200 EMA and possibly retreat to another level at $0.60.
I am long on this stock because it has value as an effective alternative to current treatments for PTSD, Anxiety/Depression, and other mental health-related diagnoses.
External factors such as legalization/decriminalization policies and positive press will push the price above the current 100 EMA ($0.95 at the time of this posting).
I got in at $0.733 and hope to ride it up for at least 2 weeks or until it hits my TP.
Take care,
Signal526
OTC:LKYSF
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