MULN, 10d+/74.02%rising cycle 74.02% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
MULN
MULN $ Squeeze Target we have to break our current resistant around the 0.47$ and hold above the 0.31$ to confirm the squeeze towards our 2 profit taking the 0.60$ and then the 0.76$.
the second support if we break the 0.31$ is the 0.25$ which is a confirmation that MULN will not have another sell off or a new low for this year if we held above it .
MULN $ Squeeze Target we need to break the resistant box between the 0.44$/0.47$ in order to see another pump toward the 0.60$ and the 0.76$ profit taking , in the meant time we need to hold above our current support which is above the 0.36$, in order to confirm the strength of the bull and breaking that resiatnt the next time we test it .
MULN: SIMPLE SETUP FOR A SIMPLE PLAYDESCRIPTION: In the chart above I have provided a semi-macro analysis of MULN a penny stock that has seen a continuous drop since IPO after hitting record highs of roughly 1200 points but now down to penny stock territory.
POINTS:
1. Deviation of 0.2000 justifies SUPLY & DEMAND POCKET PLACEMENT.
2. Symmetrical Triangle Formation
3. ONE LAST TEST OF 0.3200 CAN STILL BE IN THE WORKS & WOULD MAKE FOR A MORE STABLE SETUP.
IMO: With current chart setup I would consider this stock to have great bullish momentum on the short term and should perhaps only be seen as a squeeze play rather than an investment over the long term.
SCENARIO #1: In a bullish scenario price action should break 0.5500 with strong momentum to give way to a potential squeeze of price action.
SCENARIO #2: In a bearish scenario if price action is to break down below 0.2500 with strong momentum this would invalidate setup and be an optimal exit.
FULL CHART LINK: www.tradingview.com
NASDAQ:MULN
MULN Reversal $ Target we have an important support to get a reversal from which is the 0.25$, if we held it, we going to have first a test for the current resistant at 0.30$, then we will test 2 profit taking at 0.33$, and then the 0.40$, which will mark another bullish momentum towards the 1$.
on the other hand if we didn't hold that support the 0.25$+, is means we going to test our bottom price above the 0.21$, where we going to have huge reversal there .
MULN $ ALERT Friday we have critical support to hold above 0.3980$, when the market open, cause if we hold it , we going to have another test and break for the 0.44$ current resistant , and go towards our 3 profit taking , if we broke it, we will see huge selling pressure to take us to reversal area, above the (0.33$/0.34$)area.
let's hunt .
Mullen - Possible Short Targets BelowMullen is pretty steamed up, I feel like it's over bought for the moment. I like shorting these wick tops and I don't think this situation is much different. I think overall I could get bullish on this stock, I will admit that I am not analyzing any fundamentals. My last Mullen call is to the left at the first (small) yellow arrow and it seems like we could repeat again. Not financial advice, DYOR.
MULN Breakout $we need to hold above the current support the 0.21$, in order to have a test for the most important level 1round the 0.27$, which will be the first sign that we started reversing from this bearish trend , and confirm the squeeze once we break the 0.35$ level .
if we got rejected before that level of resistant , we going to ave a test for the bottom pricer between 0.18$- 0.19$ level .
MULN Breakout $we are testing our support in that purple box, which we going to see a reversal once we break our ascending line , and break the first resistant the 0.2850$, which we give us huge bullish momentum once we clear it, to go to the squeeze level at o.35$, and 3 profit taking after clearing that level .
MULLEN - Plenty of intraday gaps...I noted the daily gap but to my surprise we have all these intraday gaps below (from halted trading I assume). Watch for direction and maybe trade based on volume. What a wild ride. I'm questioning the tiny long that I took here. I will put orders at $.2 for later in case they fill. Not financial advice, DYOR.
MULN coud possible retest lower levels#MULN hasn't been able to break that .3250 resistance which makes me wonder if this is doing a bear flag or a possible continuation down if it holds 38% / 50% / golden pocket 61.8% so we could see .2.95 soon.
Support levels 0.2940, 0.266, 0.2402
Resistance levels 0.3250, 0.3588,
Make sure to see if the levels are respected and validated with volume
MULN $ Alert Targetif we open the market above our current level of support 0.60$, and hold it , we going to have continuation for the pump till first profit taking around the 0.67$, then the 0.76$.
on the other hand if we broke the 0.60$ on the market open , then the short will drive the price till our strong level of support above the 0.53$, and holding above this level we confirm the strength of the bull, to retest the 0.60$ later today and going towards our 2 profit taking .
$MULN Critical level to hold Last time I warned you about the coming crash when $MULN was above $0.77 and as you can see it plunged all the way from $0.77 to 0.$52 today
What next? I don't think the support level at 0.52 is going to break fast and i expect a bounce , if you FOMO trader you can just buy at support level and set a SL below this support for swing trade (Risk of 2% high R)
But i think it's better to wait for a confirmation in daily TF.
Anyway, if it breaks the ~0.52 support and closes far below, that could be a bad signal, and I'll update my chart accordingly ..
Good luck everyone 👌🏼🍀
$MULN Stoch RSI and Chart look primed to pop to top resistanceWeeks of constant downtrend look very likely to start recovery soon. $MULN will be delivering EV cargo vans in Q2. They have applied for a $450M ATVM governmental loan. The Mullen Five looks absolutely stunning. Marketcap is under $30m? Seems like an obvious buy. Enter at your own risk. These are my opinions only and should not be considered as advice. I have started a position recently in $MULN common stock.