Good Risk to Reward Ratio at current price
IMHO bottom is in
AVWAPs are getting tighter, sandwiched between em with potential to breakout
Potential to retest 200 EMA which is over 100% gain from current price
PT @ 200EMA or 5, STOP @ 1.8
MULN trade ideas
MULN retracement complete If you haven`t bought the dip on MULN:
Then you should know that the retracement seems to be complete and the stock is ready for another leg up.
You will need to wait for the reversal candle formation, or at least a doji, though.
My next price target is $5.25.
Looking forward to read your opinion about it.
MULN:An Examination of Buying and Selling Pressure at New Highs.Notice above avg. buying volume increases at new highs followed by above avg. selling volume (White circles). The volume on continuation highs were not followed by above avg. selling volume (Green circles). My conclusion is shares are being absorbed from weak hands. Once the CO has accumulated the desired amount of the float the price will continue higher to absorb liquidity between $4 - $6.
Double Bottom in a Descending Triangle?Waiting for this move to play out?? I see both a double bottom and a descending triangle. 2.38 is holding very strong. Let’s see how this plays out. I’m still very bullish on MULN
MULN ready for a fall?First off, let me say I'm a complete NOOB and mostly paper trading as I learn the ropes but, I'm putting in lots of time and would like your thoughts. I've been watching MULN for a while now and have a small position. Today I noticed that it appears to be in a descending triangle. From everything that I've read and seen online this does not bode well for the stock in the near term? I would like to hear from those who are more experienced than I at technical analysis. Is my read on this correct in the near term. The pattern is almost identical across all my time frames (39m,78m, & daily.)
Thanks in advance.
-Lost
$MULN 2nd wave finished - 3rd wave price target $6.40MULN recently finished the 2nd wave with a clean ABC correction between .5 and .382 Fibonacci, now heading to my price target of $6.40
MULNMID-TERM: Bullish engulfing candle on 4hr and hidden bullish engulfing candle, 1hr wedge testing breakout, high short interest (but recent report from hindenburg), breaking over a set of EMA's on daily. (Not financial advice)
*tailoring positions sizes for looser stops could be optimal, scaling could be optimal.
MULN $10 PTNASDAQ:MULN
Muln looks nice rn, in a classic ABC pattern finishing off wave 2. Once it breaks out of this wedge, it'll begin wave 3 to around $6 imo. Good luck and no this is not financial advice..
MULN Looking excellent for a long swingMuln showing great rejection at monthly support on D1 timeframe. D1 closed up weekly shows sideways. I personally see a great opportunity if you have patience for a ride up to the $18 area. 12 month chart looks GREAT!
MULNlooks like a shs formation.
downtrend from nov 2021 is broken - a bullish sign.
could anytime jump..
Muln possible 3.00 break?+ Buy indication at 3.00?This is insane. After seeing a few bad days, Mullen's off to the races ONCE AGAIN. What does it mean though? What happens at 3.00? Do we buy and keep it up, or cash in, let it drop and buy back in lower? Stay tuned folks, were in for a bumpy (but profiting) ride.
P.S. Thanks to @markusd1984 for supporting me through this whole thing and being my first follower, your the man, man!
Crappy days+ Top author!Before we start, I would like to brag about becoming a TOP AUTHOR! You can check by going to the ideas tab and typing in MULN, switch to All time authors, and you'll see me! Anyway let's get into it, we've seen some bad days the past few, well, days, and it's not good, but stay calm folks, I have an explanation. The price went Sky-High a few days ago, and now people are selling out. Once the sell outs are finished and the price drops, (insert sound effect here) the price goes up again. will it break $5 by then end of this week? Unlikely, but by the end of April, it could AVERAGE that. stay tuned and stay calmed. (Is that a word? Calmed?)
MULN Harmonics And Wave AnalysisHello guys! I previously stated that there would be a drawdown to 1.76 area and also conveyed to a few followers that 1.56 was a level of interest. I have also found that 1.44 is a level of interest; however, after analyzing the wave structure of the first and second waves, I wave found something even cooler. The level on the second wave of 1.36 - 1.35, as measured from the exact fractal ratio derived from the first wave, ignoring the impulse wave between the two waves, gives the exact top of the candle gap given on the daily chart. I suspect that price; therefore, will extend down and fill this gap exactly. Further mathematical analysis of the amplification of magnitude for these waves and the phase shifting of their wavelength was then in order. I give you here, the mathematical analysis, combined with the harmonic analysis. The comparison of the two models of analysis shows a very close correlation for price but less so for time. So, my working hypothesis is that we do hit 1.36, bounce around for a month or two and then make a fast 5 X to 6 X bags of profit going long on this trade. At this point, you should then consider taking this trade to the short side again. Good luck, trade safely, and let's make that money!
First chart analysisIm new to trading and this is my first chart analysis on a random stock, if anyone has any feedback or recommendations as to where I can learn more that would be greatly appreciated
MULN the rally continuesIf you haven`t bought MULN at $0.68:
Then you should know that is heading yo the second resistance, $5.25.
We might see a small pullback at this point as well.
Looking forward to read your opinion about it.
Whats next for MULN?Interesting developments, after drawing up a new and improved chart, we see the three main resistance lines and our current support. With mullen hitting an excellent total of 4.16 on March 22nd, 2022 (and then a rebound down to 2.86) this stock ceases to amaze. The question is, What's next? We really haven't seen anything new as far as news about the business goes, so what can we expect? We've already predicted more than 15.00 by the start of next year (2023), and we see this stock is a very active and volatile, so what is it? Do we load up and play the waiting game, or ride the waves and make profits on peaks and then load up again when it dips? Let me know your plan.
P.S. this does not constitute financial advice, this is solely my opnion.
MULN Harmonics: Bearish-Bat PatternHere we have a bearish-bat pattern with two possible reversal zones. The second reversal zone is in the case that the bat pattern becomes an alternate-bat pattern. However, I am 95% confident that this pattern will reverse exactly at the first PRZ. Therefore, I suggest buying puts and riding them down like a rented mule to the 0.382 and 0.618 retracements. Once the PRZ has been achieved, I will measure for a new pattern to get an exact read on the retracement depth but for now this is our current situation. Good luck, trade safely, and let's make that money!
MULN Potential continuation to $15 - $20 - Weekly AnalysisFeel free dear trader to share with me your opinion, and also your analysis & Keep Watching
Have a nice trade
Bears tried taking it below support, but failed. ✅MULN climbing back above extreme support which is a good sign for bulls, long-term price targets on this one are 12.94-15.83
Mullen pullback to 2.86After a incredible breakthrough, we see mullen pullback below 3.00 and end up in the high 2.80's, stay tuned.
