A Desperate Long Position
My First Idea here, I would like to think of it more like an intuition vs. technical analysis. MNY has made some patterns I noticed especially like around 24th-25th of a month, entering a consolidation area for 2-3 weeks (1.88$-2.00$). waiting for an up trend breakout to exit my position.
Facts on MNY:
NASDAQ Listed
Positive performance & earnings
Low daily Trading Volume except in the seasonal pattern
Slow mover but volatile if it moves suddenly
Boring to wait for if its sleeping on volume
1 analyst is expecting it jump to 7$ by end of year , another expects 4$ somewhere in 2025.
A well made Recent Research: (Credit goes to Milo Bussell Associate Analyst, Consumer and Media) www.edisongroup.com
Please share your thoughts further, again this is just an idea not a TA.
MNY Thanks! (Pun intended)
