MBIO
MBIO CAN COVER THE GAP!Hello Traders!
The price of Mustang Bio Inc has jumped up this Friday after a brief consolidation period. The RSI has reliably spiked in time with the upwards jump and the MACD has seen a bullish cross and reversal. It seems very likely that the price will regain an upwards momentum and reach the previous resistance level.
Going long could be a great opportunity.
Please, maintain proper position sizing and risk management!
5 Hot Penny Stocks Right Now5 penny stocks that I think are currently hot right now for a long hold are $ADOM, $SPCB, $MBIO, $MARK, and $ML. $ADOM I think will hit $1 quite soon given what has happened from the retracement of short sellers. $SPCB and $MARK got beaten up alot, should see the resistance break quite soon. $MBIO should retrace. $ML should surge given the EV surge. Right now, I'm mostly watching from the sidelines. As always, this is on an opinion based basis. Please proceed with caution or invest at your own risk.
Continued Bullish: Next $MBIO Target at $5First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I previously predicted you should shorten $MBIO at $4.02. That was too conservative a bit, but you could have invested in higher growth stocks between then and now, as the most important thing is growth in the shortest time periods. If you had a chance of growing at $0.22+ per share vs. comparatively being able to grow at $0.25+ per share at the same time period, what would you pick? Now, I am saying it is worth it to some (who may not want to diversify in the types of stocks I'm diversifying now) to get $MBIO as a not too risky pick and set it at a $5 sell-off target. Resistance will be there, but the volatility may not be as bad compared to other stocks of similar cap and price in the market. That being said, I rather invest in some other stocks besides this given my risk tolerance and appetite for higher growth periodicals.