A Desperate Long Position
Updated
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 [TradingView], another expects 4$ somewhere in 2025.
A well made Recent Research: (Credit goes to Milo Bussell Associate Analyst, Consumer and Media) edisongroup.com/research/money-saver-in-south-east-asia/33585/
Please share your thoughts further, again this is just an idea not a TA.
MNY Thanks! (Pun intended)
Trade closed: target reached
Super Slow Stock movement due to low volume, did make some money but did not reach the final tip of the surge.
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