bruh, almost 200% on shares in a week 🐈I expected 25-50% or so within a week when adding this, but less than a week later it really is almost at 200% gain lmao.. exceeded all expectations!
the only thing that concerns me is the ovebought RSI, other than that..long term downtrend broke/climbed back above trend support/resistance zones from way back and not many resistance levels in sight. 😜
also I did not realize how close I was to adding at 52w lows, my entry was .22 52w low was .21! BOTTOM SNIPA BABY !
MULN trade ideas
MULN $ Alert Targetif we open the market above our current level of support 0.60$, and hold it , we going to have continuation for the pump till first profit taking around the 0.67$, then the 0.76$.
on the other hand if we broke the 0.60$ on the market open , then the short will drive the price till our strong level of support above the 0.53$, and holding above this level we confirm the strength of the bull, to retest the 0.60$ later today and going towards our 2 profit taking .
MulnSo far this trade has worked out perfectly I took half off around $.52 area and I just took the other half off at $.62. This box range that we are in to me is a pretty strong zone. There is still room for it to come up To $.75 however this area was a previous bear flag consolidation before the drop down to the locals. So this area could now become resistance so it would be smart for me to take my profits in this area and see where we go from here
Muln Looking like although I saw a symetrical trinagle breakout targeting 46 it’s possible it could be measured as a big bull pennat targeting 59. That also is an area of confluence based of a previous breakdown of a bear flag. I’d be watching 58-60 cents. I have profits set to be taken around 56 cents and the. .585 area as well if we reach. GreT trade so far if anyone is in this be ready to start taking some profits into this large bullish move
Muln I posted this morning look at MYlN to reach 31. As I scoped the 1 min I saw the dip to 32 cents and then . A higher low come in with decent volume. I decided to grab some aroun .33. Was looking at a 1 min channel that breaking .35 would launch us to .38 and that played out mint for myself. It was something I planned after the post so sorry I didn’t specify but it was a quick entry. So as of now I’m watching this 1 hour smaller symtrixal triangle that is super tight. If that fails then bigger symetrical triangle could be in play which supports us at .335
If we can breakout of this current smaller trinagle above .38 we could see a push up to .45 assuming this is all a bullish setuppp.
Hope the chart is clear enough. Good luck watching 36 cents as support here to confirm a smaller symmetrical triangle that would need to breakout soon otherwise we fall back to 33
Muln Down at 31 cents needs to be backtested. I’m looking at 30cenrs for a bid and watchinf 31 also as a support. If we can reclaim we can contiue after confirmation and sideways support on that level. But as last time
Showed true, losing that shows a big area of trap door drop back to previous low or new lows. We we can double bottom on 34cents that’ll be nice look but looks to me until we close above 37 and use as a new base this can see 30 cents sooner then later
I am on the bullish look for now as long as 30 cents can be reclaimed
MULN to the moon 💛 multi timeframe analysisnoticed the higher low and multiple bonces from trend support, then started noticing MULN was started to trend on twitter this morning.
took entry at .22 exit at .32 or so this morning for 47.1% gain, this is my first penny stock day trade in months, and its really getting me hyped for the next bull market. we will see these kind of breakouts more often when its back.
will post an update after this with what can happen with MULN in the future🚀
$MULN Critical level to hold Last time I warned you about the coming crash when $MULN was above $0.77 and as you can see it plunged all the way from $0.77 to 0.$52 today
What next? I don't think the support level at 0.52 is going to break fast and i expect a bounce , if you FOMO trader you can just buy at support level and set a SL below this support for swing trade (Risk of 2% high R)
But i think it's better to wait for a confirmation in daily TF.
Anyway, if it breaks the ~0.52 support and closes far below, that could be a bad signal, and I'll update my chart accordingly ..
Good luck everyone 👌🏼🍀
$MULN Stoch RSI and Chart look primed to pop to top resistanceWeeks of constant downtrend look very likely to start recovery soon. $MULN will be delivering EV cargo vans in Q2. They have applied for a $450M ATVM governmental loan. The Mullen Five looks absolutely stunning. Marketcap is under $30m? Seems like an obvious buy. Enter at your own risk. These are my opinions only and should not be considered as advice. I have started a position recently in $MULN common stock.
Mullen Automotive - Next BIG EV Play!NASDAQ:MULN This California-based EV maker has some BIG news in the pipeline and is a "must watch" from the award winning EV maker since 2009.
About:
"Founded in 2009, the award winning company’s all-electric sedan came with a range of 88 mi (142 km), the longest among its class at the time. At one point, Mullen (formerly CODA) was one of the only two certified EV companies selling EVs across the US; the other company being Tesla. - www.mullenusa.com
Investment Consideration:
Mullen is currently working on an announcement deal with a Fortune 500 company for its Class 1 vehicles as recently confirmed by the CEO, David Michery. Per David, Mullen is also currently in negotiations with “major OEMs” to use Mullen‘s solid-state polymer battery technology. Testing results with the Battery Innovation Center (BIC) show: "the solid-state polymer cell, rated at 300 Ah and 3.7 volts, tested in at 343.28 Ah at 4.2 volts, exceeding expectation and in line with test tolerance from previous EV Grid test results." - news.mullenusa.com
Upcoming Index Listing: June 27 - RUSSELL 2000 AND 3000 INDEXES LISTING
Technical Review:
Mullen is currently ranging inside a large channel in log scale. The price bounced off the lows at approx $.52 from the channel bottom. We can see there was a decent bounce from there, upward to $4.17 followed by a 78.6% retrace to generate a "higher low" structure. This suggest a new uptrend is very likely from here.
Fundamental Review:
1) VERY high demand for affordable EV's.
2) Skyrocketing fuel prices will drive further innovation and interest towards EV markets.
3) Cutting edge battery technology that could be licensed to other EV OEM's.
4) Potential partnerships with major OEM's.
5) The Future of EV is now!
Price Targets:
Target #1 - $7.34 - Major resistance zone from previous structure breakdown
Target #2 - $15 - Using Fibonacci, the current 1.618 fib extension from $.52 to $4.17 is right around $15
Target #3 - $20 - Focusing on the channel boundaries, one could expect a bounce toward the upper channel top at approx. $20 over the longer term, IF the business remains healthy.
Note: Not trading or investment advice.
MULN 600 Mullen Class 2 EV cargo order from AMAZON partner !If you haven`t bought MULN here:
then you should know about the order for up to 600 Mullen Class 2 EV cargo vans over the next 18 months from DelPack Logistics.
DelPack Logistics an Amazon Delivery Services Partner.
“This agreement is a milestone for Mullen Automotive,” said David Michery, CEO and chairman of Mullen Automotive.
Mullen doesn`t have too much cash, so i expect a share dilution soon. Until then i hope the price will reach $2.95.
Looking forward to read your opinion about it.
MULN ready for lift off?Daily Candles
I think MULN looks spicy. We are seeing the beginning of the cross over on the 3, 13 EMA, we just bounced off of the bottom of the keltner channels the MACD is crossing over and the volume is picking up. Looks like we could be on our way to testing $1.70 again. It could also be on it's third Elliott Wave.
But, I don't know anything and I have no formal training so you shouldn't listen to me.
MULN Bullish Run If...yesterday we tested our resistant at 1.55$ and got rejected, now the premarket testing again this resistant, the one signal for the price going again around the 2$, is breaking the 1.55$, and holding/ consolidating above , which will confirm the bullish momentum to take us to test first around the 1.90$ then the 2.16$, where we going to see another squeeze foe the price if we broke it .
if we opened the market and didn't clear this resist at 1.55$ , we might see the price going back to test the support above the 1.25$, and we need to hold above this support to confirm the bullish momentum, and not having a sell off.
🚀MULN setting up for a nice rally 🚀we continue to make higher lows showing us even in times of fear people are fighting for shares 👀
once the strong resistance zone breaks and holds its off to the races, my short term targets are 2.14-2.82-3.48, please dont forget to like and follow if you enhoy my analysis! thank you
Mullen Automotive MULN - Excellent Risk/Reward At Current EntryI've avoided this meme stock until now. This entry on the weekly represents excellent risk/reward for a long. I expect it to move up a bit tomorrow for a weekly candle close at the green line. That will signal a likely move to the upside next week based on price action analysis.