The Bear Flag That Won't Be...Beyond the successful breakout of the stochastic AND the crossover of the MACD, MindMed had a positive earnings report that beat expectations.
All of the pieces are in play for this pattern to play out against expectations - and the break to the upside seems imminent.
You don't have to (and legally shouldn't) listen to me, but I'm sitting happily on my September '22 call options
Psilocybin
Long The High Risk Psilocybin Mushroom Therapy Secular Bull RunNot looking for an immediate turn around because Macro-Market conditions and retail risk tolerance is severely negative right now. However, this sector has huge potential to be a bullish meme in years ahead. Think of getting into Pot Stocks 2.0 before the moon pumps
In 2018–19, the United States Food and Drug Administration (FDA) granted breakthrough therapy designation to facilitate further research for psilocybin in the possible treatment of depressive disorders. As of 2020, research on the use of psilocybin indicated it caused hallucinations with inability to establish reality from fantasy, panic reactions, and possible psychoses at high doses.
In November 2020, the U.S. state of Oregon legalized psilocybin for people age 21 and older, and decriminalized possession or use of psilocybin mushrooms for medical conditions, such as depression, anxiety, or PTSD.
Bullish descending wedge formedAs you can see we have formed a bullish descending wedge. RSI went oversold and is recovering now. Price is flattening and MACD is about to cross over. I think we go to test the downtrend by EOY. If we get rejected, re-test and breakout may come 1Q 2022. PT $4+ Lots of advancements coming out in the sector and by Cybin!
MMED ready for a trip higherThe flat volume should be increasing any day, for better or worse. I'm thinking for better. It has built strong support on the 100 day, & RSI is trending up while price is riding an upward trend line. It looks decent, and now is a good time for a lot of stocks to break out of their slumps.
I'm noticing numerous stocks at a tipping point so I think Monday or Tuesday should bring large movements to confirm bullish or bearish breakouts in the market.
$Mine Golden Cross #Shroomboom Mine Golden Cross in play. Going to see allot of volume coming in and price will move fast. Hold long on this one and you will be rewarded greatly.
#Shoomboom is starting and its only the beginning.
Please give a like if your as excited as i am.
$Mine Golden Cross #ShroomboomMine Golden Cross in play. Going to see allot of volume coming in and price will move fast. Hold long on this one and you will be rewarded greatly.
#Shoomboom is starting and its only the beginning.
Please give a like if your as excited as i am.
$Mine Golden Cross Mine Golden Cross in play. Going to see allot of volume coming in and price will move fast. Hold long on this one and you will be rewarded greatly.
#Shoomboom is starting and its only the beginning.
Please give a like if your as excited as i am.
MMEDF over 3.41OTC name in the cutting-edge field of medical psilocybin is back in the consolidation zone. Can accumulate shares here or wait for the breakout confirmation to play to recent highs.
Psychedelics rally coming upBuy Case :
Increase demand for mental health services COVID indirect impact.
New and Innovative way of tackling depression and other mental health disorders and mental issues.
Correction from the high and expecting little consolidation around the price points mentioned in the chart
Any ideas and comments are welcomed!
Thanks in advance!
Together, we stand strong!