MKD
looking for bottom buy on MKD for long term equity holdMolecular Data has plenty of insider holdings, as well as institutional, signifying continued faith in the companies future prospects. The institutional shares at ~16% could pose a selling hazard eventually, as MKD doesn't have history of growth, if the company fails to deliver upon expectations. At the same time, such a large number shows obvious interest for a company with such a small market cap. So what appears as a double-edged sword, feels more purely beneficial to me. Nullifying further risk, the institutions hold less than either the public or the insiders respectively- at 18% and 21%. There is not enough data to see recent insider selling and buying, however, Dongliang Chang (Top Key Executive) appears to hold a whopping 13% of shares outstanding. Notably, 57% of the company's stock is held by just 5 entities.
Analyst predict 27% growth for the company over the next 1-3 years, but MKD earnings have supposedly been declining 20% a year since listing. Shares have also been diluted by 20% this past year, according to my research.
So back we are again to a double-edged sword. MKD does have a PT of $9, listed at $6 in Dec. '19, and is currently trading ~.82c a share.
One thing that is certain- in this market there are limitless amounts of overvalued, poorly structured companies' shares available for purchase. And with most all of them getting positive Price Action in this recent bull market, MKD has not received the same amount of attention and has plenty of room to rise.
As a small account trader, i own just 50 shares @.85c. This is NOT a recommendation to trade MKD in any manner whatsoever.
MKD looks ready for a popShort description on chart, just my opinion. please do your own due diligence.
MKD 15min with StochRSI MACD SqueezeWe played this a few times on Friday - held a small amount over the weekend but the bulk of my trades I scaled in large around 1.06 and scaled out up to 1.65ish. Analyst price target of $9 caused this to run on Friday. I am *hopeful* that we get some more eyes and volume on Monday because it certainly needs it.
The Friday AH did some damage, with little volume (because its Friday) which caused it to settle in the mid 1.20s.
Will be watching volume during pre market hours on Monday.
Molecular Data $MKD - investment idea 💡 ✅ - The volume healthy 12.206M (3.733M average)
✅ - We got double bottom on daily
✅ - We got Bulish Hammer 🔨 price action on 4h
✅ - MACD
✅ - STOCH
✅ - DeMarker
❌ - MA50 (8.40% under 50MA)
❌ - Pivots: 4.61% under the pivot point
⏰ - Breakout at 0.93
🚀 - Potential target (🚀+65%, 🚀🚀+167%, 🚀🚀🚀+400%)
🪂 - If things goes wrong better to exit under 0.78
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
