Is it time for numinus to break out?Notice and disclaimer
no financial advice; if you invest, you are investing with your own money for which you are responsible and; you can lose 100% of your money;
Historical returns are not equal to future returns;
no medical advice, go to the health professional you trust for medical advice.
This is for the purpose of knowledge sharing and entertainment.
Best analysis in 3 points from an overall level;
Numinuswellness has been in a declining trend since January 2021 i.e. about 2.5 years;
Normally, stocks that are good tend to turn upwards after such a downward period; bear markets usually do not last longer than 2-3 years as a rule before trend reversal occurs;
We see numinus tried to break 0.25 Cdollar, next step will be 0.30 and 0.40 after that we have a confirmed trend reversal.
We do not yet know if numinus will stay sideways for a while longer;
But much of the psychedelic medicine industry is showing positive fundamental results;
Numinus sales increased by 1000% year on year last quarter and 19% quarter on quarter.
If now numinues went from 0.20 to 2.2 dollars in 2020, it has the potential to take that record with proper measurement this time as the position for such a move is stronger in the economy and the belief and evidence that the products and services work.
I think 16-24 Cdollar is quite reasonable for the next peak trend and the peaks after that will be up to 30,40,50, 100 Cdollar.
The mania is probably at its peak and many will take profits regardless of fundamental results.
Another exciting fact is that numinus wellness is engaged in research on psylocobin fungus and even has experiments on those who have schitzofrini and bipolar diagnoses in a medical context, which we did not see 5-10 years ago.
They also have a podcast that is appreciated where they give a balanced view in the field.
Numinus has also become a partner with MAPS to do studies and work together with mdma and psychadelic therapy, MAPS is the largest psychadelic non-profit organization.
I think we will reach 16-24 dollars by 2027.
Conclusion: it will be exciting when the numinus breaks out of 0.30 and 0.40; as well as a very exciting industry that is demonstrably growing and has the chance to flood in the near future in the next few years.
Sources:
psychedelicinvest.co...rts-q3-2023-results/
numinus.com/research/
numinus.com/podcast/
numinus.com/mapspartnership/
www.youtube.com
www.youtube.com
