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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 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
The most beautiful bullish setup for MMED i've seenEnglish version : First the most obvious, its RSI is in an oversold zone (same level as 0.26 cent then $ 2.64, so could we see a 10x return in the next 1-3 years, to $26 ? I believe so, and it brings me to my next point. So, to follow up on what I said above. Its movement seems cyclical, and with the illustration we see that it respects two theories: Elliot Wave (movement a, b, c, d, e) and Parabolic movement. For Elliot, we see that we are at point d, the point before the aggressive upward movement (which is confirmed by the MACD and very oversold RSI). Then, with regard to the parabolic movement, it is built on 4 bases/zones, and we are in zone 2. At every end zone (consolidation), we also see an aggressive upward movement, and it is confirmed that in zone 3 the movement is the strongest (which confirms that in the medium term, 1+ year, the stock can easily reach $ 20 +). Thirdly, a subtle but very strong indicator/confirmation, in yellow, I have drawn an inverted head & shoulder, which indicates a bullish movement, as the right outer shoulder is confirmed at the same area as the lowest of the left shoulder (good symmetry = better precision on the bullish movement to come). Then on its Fib, a very popular area for a strong rebound when a stock is oversold, exactly at 0.786 (you need to breakout of the 0.618 area to confirm the more bullish movement). Lastly, about the company, there is good news since the first day. They are leaders in its sector (a sector that can bring in $ 1 billion in annual income per molecule developed, and they are currently working on more than 11-12 molecules and treatments). Their site is impeccable, with a very competent team with the highest level of education and experience. They have enough money for the next 5 years (a great advantage for a pharmaceutical company, because it leaves them plenty of room for acquisitions, development, etc., and they already do that. Important point, you should know that legalizing and then educating about the drugs that they are using in their researches is a very complex process, but by reading between the lines I understand that they are making the process move slowly, but surely (it is not the fastest who wins the race, it is the most resilient and patient). Version française des faits : Premièrement le plus évident, son RSI se trouve dans une zone oversold (même niveau que 0.26 cent ensuite 2.64$, donc un x 10 possible dans l'espace de 1-2 ans soit 26$? Je crois que oui, c'est pour ça que j'aborde mon prochain point. Donc, pour faire suite à ce que j'ai dit plus haut. Son mouvement me parait cyclique, et avec l'illustration on voit qu'il respecte deux théories soit Elliot Wave (mouvement a, b, c, d, e) et Parabolic movement. Pour Elliot, on voit qu'on est au point d, le point avant un grand mouvement agressif vers le haut (ce qui est confirmé par le MACD et RSI très oversold). Ensuite, pour ce qui est du mouvement parabolique, il est constitué de 4 bases ou zones, est nous sommes dans la zone 2. À chaque fin de zone, on voit un mouvement agressif vers le haut, et c'est confirmé qu'en zone 3 le mouvement est le plus fort (ce qui confirme qu'à moyen terme, 1 ans +/-, le stock peut facilement atteindre 20$ +). Troisièmement, un peut subtile, mais très fort comme indicateur, en jaune, j'ai tracé un inverted head & shoulder, ce qui indique un mouvement bullish, car l'épaule extérieure droite est confirmé à la même zone que le plus bas de l'épaule droite (bonne symétrie = meilleur précision sur le mouvement bullish à venir). Ensuite, sur son Fib, une zone très populaire pour un solide rebond quand un stock est oversold, soit exactement à 0.786 (il faut briser/breakout de la zone 0.618 pour confirmer le mouvement bullish). Dernièrement, au niveau de la compagnie, que de bonnes nouvelles. Il faut savoir qu'elle est leader dans son secteur (un secteur pouvant rapporter 1 millards $ de revenu annuel par molécule développée, et ils travaillent actuellement sur plus de 11-12 molécules et traitements). Leur site est impeccable, avec une équipe très compétente du plus haut niveau d'études et d'expérience. Ils ont assez d'argent pour les prochaines 5 années (un grand avantage pour une compagnie pharmaceutique, car ça leur laisse du lousse pour des acquisitions, du développement, etc, comme ils le font déjà par ailleurs. Point important, je vais finir là-dessus, il faut savoir que la légalisation puis l'éducation de la drogue qu'ils utilisent c'est un processus qui est long et complexe, mais en lisant entre les lignes j'ai compris qu'ils font avancer le processus lentement, mais sûrement (comme le compte du lièvre et de la tortue, ce n'est pas le plus rapide qui gagne la course, c'est le plus résiliant et patient).
MLong
by miheydudarevhec
1
Q3 MNMD MNMD is getting ready to enter $4 channel in Q3, Stochastic RSI and a Bullish hammer candle stick at the end of the day (daily chart) indicates an uptrend followed with good news in upcoming days and shift of smart money into the Psychedelics. Psychedelics medicine gets ready for post pandemic market and probably act as a super hero to cure damage of pandemic for the past year offering cure for depression. Target for the first wave is $12 and then $40 with first financial report after launching the product.
NASDAQ:MNMDLong
by amirbaghestani08
1
Downward Ray gave perfect breakout... upward ray to trend $MNMDThe downward ray given along with 3.60 magic number provided perfect breakout. The upward ray coming from lows before the list has been drawn since before crossed, and has no validated itself. Volume profile is favorable to the long side. This ray is simply guidance, but is offering a good leading indicator. If we can get above or at least stay close, it appears we continue trending for now. Selloff yesterday proved absolutely no interest in staying at lower levels.
NASDAQ:MNMDLong
by GratefulDaytrader
1
Chillin At the 382 FibMNMD still hanging out around this 382 fib line. Wondering if the upcoming Atai IPO will help or hurt things. "Psychadelic penny stocks are performing well as many companies in the niche are growing in both size and popularity. Its latest update comes from May 26th when the company published its first pharmacogenetics data report on LSD in collaboration with Liechti Lab in Basel, Switzerland...Again, the field of psychedelics and publicly traded psychedelic stocks are both very new to investors. However, new can be good if it is done correctly. In the past month, shares of MNMD stock have risen by around 12%. And, in the past year, that number jumps to a staggering 1,143% as of June 16th." Quote Source: 4 Penny Stocks to Watch Following the Fed Meeting and Powell’s Remarks
NASDAQ:MNMD
by PennyStocks101