MNMD: An optimal buy Call option hereMNMD: An optimal buy Call option here
-Long ABCD pattern.
-Inversed HnS pattern forming.
-Fibo golden zone at 0.168./
-Key level support.
-Logic volume together with spread.
.
Wait n see.
MNMD trade ideas
$MNMD looking for a good swing trade. On a more zoomed out NASDAQ:MNMD looks like it’s in a falling wedge. A little double bottom could be forming here as well. Will be accumulating $1500 or so in shares for a short term swing. Risk for me is $6.75 with a goal of $8.50 and leave some running.
WSL
MNMD 600% in 2025With Trump and RFK challenging the stronghold of big pharma, the suppression of psychedelic medicines may soon be over. Analysts have set a price target of $26. Market conditions and fresh speculative details render these companies highly volatile and speculative, as many are in trial phases and are losing money rather than profiting... for now.
MNMD - long - multi catalyst play - risky before 03/07/2024Mind Medicine Inc is a psychedelic medicine biotech company that discovers, develops, and deploys psychedelic inspired medicines and therapies to address addiction and mental illness. The company is assembling a compelling drug development pipeline of treatments based on psychedelic substances including Psilocybin, LSD, MDMA, DMT, and an Ibogaine derivative, 18-MC. The firm is having an approach towards developing the next generation of psychedelic inspired medicines and therapies.
This is not a financial advice!
4 upcoming catalysts 03/07/2024 , 03/31/2024, 06/30/2024 and 12/31/2024
2024-03-01 MNMD Reiterates Buy 75.00 Maintains HC Wainwright & Co.
Keep in mind the first catalyst is very close and we had already a nice run up. You can enter after the data release.
We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work.
Keep an eye on 9, 11, 13, 16, 20, 24 levels, needs to get broken for a further upmove. You can take partial profits at these levels if u want to lock in gains.
SL under 4.5
TPs approx. 33 longterm
Most info on the chart.
Trade carefully!
MNMD - A Good Play or a Bad Trip?First, full disclosure - I took a position in MNMD on Monday of last week after it popped over the $5.00 barrier; it was a Trade Ideas (TI) "Trade of the Week" play, and I took it after careful tech analysis and considering the successes of the TI recommendations of the past. The stock took a dump on Tuesday, but I stayed in it because I thought the turndown was due to the anxiety in the overall market.
So, looking at the chart, the price held the 8-day EMA very well. The momentum is favorable for an increase in price, but I think this stock is subject to market conditions.
Several analysts (I think it is 7) have covered this company, and the target price looks to be intriguing. From Zolmax News :
The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $23.50
I did tie up a good bit of capital in this trade, so I will be selling some soon, bit I will hold a good amount as a long-term swing trade or investment.
Mind Med - hopes for growth in Future - long term bullishPreviously dicussed on Nov 30th similarities between mj and mush stocks. Saw good price movement and a clean breakout pull back set up. So purchased at 2.99 and exited at 3.65. Subsiquently news came out which was good and New LSD testing will be good for the future of the stock. Long term play. Still bullish on the future
$MNMD Volume breakout with gap fill potential payoutMNMD nice clean volume breakout with room to run in my opinion with potential big pay out on the gap fill at $5.5 zone
Good risk / reward idea , and I like the chart
MNMD6M
RSI is at a top.
MFI is at 60, not yet exhausted.
I think the RSI could hold at the top for a time on this timeframe.
1Y
RSI is at a bottom.
MFI is around 60, with a downward sloping trend.
I think we could hold a low RSI for a time on this timeframe going towards lower lows.
5Y
RSI is trending up, while it is correcting a bit.
MFI looks like it is trending up, while correcting a bit.
Conclusion: There is a gap around $2 that I believe we are going to fill. Around that could be a good entry point.
For my educational purpose, not to be used as financial advice.
MNMD gap fill to ~$6potential gap fill play on MNMD. would like to see some consolidation before the breakout
MNMD Long based on Fundmntls, Lvls and MetaWorldCrypto indicatorHypothesis: pharmaceutical company price depressed due to conflict between management and investor, price artificially low due to FUD.
Confluence on W1 charts:
1. Price near ATL and 2020 support levels (year of IPO), see Early 2020 Support, and 2020 Support Levels.
2. Advanced RSI in oversold band with three Regular Divergence -Bullish signals
3. Setups & Trends also showing same three Regular Divergence - Bullish signals (same signals as above)
4. StRSI <10% with K crossed up D
Confluence on H1 chart
1. Price below Early 2020 and 2020 support levels and bouncing off Oct 2022 support.
2. Setup & Trend and Advanced RSI showing three Regular Divergence - Bull signals
Position: Entered at $2.82 with SL at $2.70, TP1 at $3.75
Risk Management: RR 7.75, Portfolio Risk % 0.43%, SL% Loss 4.26%, TP1% Gain 32.98%
MNMD crucial areaneed to break down trend from 1 week and catch support to move upward again pre split
MNMD Biotech Penny Stock SHORT SETUPNASDAQ:MNMD
Yj
This stock had a quick response to good earnings and
it is now at resistance with the RSI swing indicator
printing a Sell Signal.
The MACD, a lagging indicator, shows the signal
above the histogram without a K / D cross
not yet started.
I would like to take a short trade setting a stop loss
above the resistance zone and targeting 10%
to the POC line of the volume profile sitting above
the support zone.
Please comment and offer your opinion.
3
Infected MushroomSince selling into the listing day pump (sorry) I've been waiting patiently for $1 MMED.
Daily RSI is now 50+ and showing bullish divergence.
Now that MMED has a new CEO, I have more faith in MMED to deliver useful therapeutics. A more telling bottom signal is the change of CFO; let's hope Mr. "Greenway" lives up to his name :)
mindmed.co
How does minus 50 pct sound
This stock has no cash flow. Pure speculation.
Sell the news.
If you pay the FOMO price, you're going to get rekt.
I'll be loading up again in the $3 to $4 range.
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The Bear Flag That Won't Be...Beyond the successful breakout of the stochastic AND the crossover of the MACD, MindMed had a positive earnings report that beat expectations.
All of the pieces are in play for this pattern to play out against expectations - and the break to the upside seems imminent.
You don't have to (and legally shouldn't) listen to me, but I'm sitting happily on my September '22 call options
MNMD ScenarioThis is a biased opinion as I truly believe the Psychedelic stock market will be expanding more and more in the years to come.
Hence my long term bullish approach.
Mindmed has been in a downtrend since Q3 21.
Early February, price was rejected at yearly open. I do not think this reflects the company value but rather a market sentiment.
Earnings early march might give some volume.
Investment thesis is as follow:
I want to support companies that are working towards a better understanding of mental health issues, but I want my support to be as efficient as possible considering the economic uncertainties that surrounds the global market.
Either price reclaim yearly open if XBI and IWM rally/bounce
Downfall across the market continues--> buying between 55-80cent/share for best r:r
Price target for 2023: 5-8$
What do you think ?
MNMD long Trade 1-2022First trade of the year made on Jan 20. Entered into a long at 1.065 with a stop under .98. The trade failed, my mistake was tading aghainst the trend, as MNMD IS CLEARLY IN A DOWNTREND AND HAS BEEN FOR SOME TIME.
-8.5% on the trade -504%
0/1 so far
ignore the comsos chart
MNMD Before March EarningsI don't expect too much news for MindMed by March, but there might be a potential trade even if it hits resistance. Keep a stop loss set up for about $1.40. If it goes below about $1.52 there's no more technical support left.
*not financial advice this is all my own opinion*
Breakout coming in the next 2 monthsAs you can we have a series of bullish descending wedges. RSI has just about bottomed out and price is flattening out. I think we move up soon and break out sometime between now and end of January. Lots of advancements coming out in the sector. Price Target $7
Idea for next weeks.. Buy Possible Entry
bouncing on resist,
I Will see if we go threw 2.82. If reject , 1.64 is next buy zone for me...
Actually sliding down the channel.
Bounce is expected...
