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Mind Medicine (MindMed) Inc.Mind Medicine (MindMed) Inc.Mind Medicine (MindMed) Inc.

Mind Medicine (MindMed) Inc.

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MNMD trade ideas

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!
NASDAQ:MNMDLong
by meitshels_smell_trades
7
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.
NASDAQ:MNMD
by stevepom
4
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.
NASDAQ:MNMDShort
by Kyo026
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%
NASDAQ:MNMDLong
by metadimensional
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
NASDAQ:MNMDShort
by AwesomeAvani
8
Mind Medicine Canada Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
M
by Sunstorminvest
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 ?
NASDAQ:MNMDLong
by tchatskii
Magic MushroomsThis is an earnings play im looking forward to see. Long term stock for me as i believe mushrooms will be the future to treat mental health issues such as anxiety and depression. I also believe mushrooms like marijuana will eventually be decriminalized. Mind medicine just broke its down trend the other. I entered this stock at 3.09 but did not post. We have reclaimed the 50 ma and it seems to be holding support. I expect this to try to reclaim the 200ma in the future for a golden cross. First price targets are 4 and 5$.
M
by AngD1899
2
MMED Swing trade+ We are breaking above a long term trend line + Last two days higher than average and increasing volume + MACD and RSI look good. + good PL ratio Im noticing that some stocks seem to be going above the long term trands on my charts, but mostly they are not being confirmed. This trade seems to be confirmed as this is a second day of ssutained momentum on the candle stick, increasing volume and it is a Friday, which is usually choppy in my opinion. The market today is directionless but this has performed well. Lets see what next week brings.
MLong
by tsx_trader
3