Always protect capitals / profit (if any) - MNDRMarket always give us signal before it go for opposite direction. Follow the rules and run. Don't overstay or put hope that it will back to own entry price in order to breakeven.
For MNDR case, holder must exit trade when price below 22.00 as support already broken. Otherwise need to bear higher losses.
So far hasn't show any reversal signal. Personally won't take trade until strong reversal with at least 3 conformations.
It's often easier to make profits when you're in sync with the overall direction of the market.
MNDR trade ideas
Tiny Telehealth Stock Sinks 85% Amidst Wild IPO Rally CollapsesSingaporean telehealth provider Mobile-Health Network Solutions ( NASDAQ:MNDR ) has experienced a significant drop in its stock price, dropping 85% to $3.39 a share, below its $4 IPO price. The stock, which surged over 580% in its first weeks of trading, was one of the hottest US IPOs of the year. The telehealth provider's market value was over $925 million at the time of its IPO. However, the stock's plunge erased $635 million from its valuation, bringing it to about $115 million.
The IPO was led by Network 1 Financial Securities Inc., a New Jersey brokerage with a history of wild stock offerings. The offering this year was the firm's first since 2022. The telehealth provider generated $7.9 billion in revenue in the fiscal year through June 30, but lost about $3.2 million in the period.
Technical Outlook
Mobile-Health Network Solutions ( NASDAQ:MNDR ) stock is down 84.64% as of the time of writing trading within the oversold region with a Relative Strength Index (RSI) of 11. However, investors ought to be careful of a trend reversal as the market is full of surprises.