looks like $meat is going to run to the top of the cypher and then back down again, news on sysco having contract fulfillment issue made have people looking to fake meat. just an idea, for my own personal pleasure. all learned from a penguin and some other kind folks.
MEAT is moving in a big way.
Good company both for swings and long term holds.
I had a position but I increased to it today.
Looking to hold for a month or less. The 4$ range where we start to see resistance.
Amazing start of the week though!
Technicals
- RSI on 1 4 and daily have bottomed out or are diverging from a long down trend
- broke out of a long daily downtrend
- broke out of a shorter daily downtrend (apr 23 - may 19)
- CM Williams Fix on 1hr shows Buy signal (feb 23 - apr 2)
- VERY strong support around 1.74 (1hr, 4hr, Daily charts)
- Volume has been declining on the down trend for the past...
I am already in the position but Ill be investing more capital this week.
I am not posting a lot of ideas lately because in my opinion, there is a lot of turbulence in the markets and I am a bit worried to have too much capital in. I am trimming positions and looking for opportunities like this one, where the levels of support are abundant.
Modern Meat (CSE:MEAT) appears to be breaking out from a falling wedge continuation pattern on an increase in volume. This price action is bullish and suggests a continuation of the uptrend that started off the IPO low. A suggested protective stop-loss order could be placed at the bottom of the technical pattern.
The price targets and time frame based on previous price movements.
She's getting ready. And I love it when the stock is a safe long term hold (unlike speculative trades or pharmaceuticals)
Canada: (CSE: MEAT)
USA: (OTC: SUVRF)
Germany: (Frankfurt: L3OP)
Alert Price: $3.57
Float: 13.02M
Technical Analysis ,
The global pandemic has revealed startling flaws in global supply chains across a variety of industries, especially in the world of meat production. Earlier this year, the spread of the virus among workers at meat processing facilities ground...
The sweet spot as per the graph above is where I would go back in the trade.
It is technically sitting on good support right now.
But its going down rapidly on low volume.
This is telling me that there is a lot of momentum or short term traders in who are triggering stop losses.
Ill wait for my sweet spot although it could shoot up at a moments notice any...
Canada: (CSE: MEAT)
USA: (OTC: SUVRF)
Germany: (Frankfurt: L3OP)
Alert Price: $3.76
Float: 13.02M
Technical Analysis,
The global pandemic has revealed startling flaws in global supply chains across a variety of industries, especially in the world of meat production. Earlier this year, the spread of the virus among workers at meat processing facilities ground...
I have no idea why it popped today but non the less, previous levels of resistance appeared to provide some support.
Going to enter to see if the price continues moving up for a bit.
Ill try to find out why the price popped like that..
