Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment.
Start 0.45 USD
MMNFF has seen a runup of more than 850% within 5 days, recently falling over 75% from its peak to a well-respected support level that has had both a double top and double bottom. If this level fails, there is always the higher highs trendline to provide support. If volume and momentum are consistent, MMNFF has the potential for another run-up.
No investment advice!
I do this only for practicing.
Cannabis sector turning up in 2021.
We had a nice Volume breakout.
We might form a cup and handle Formation
Entry at current level 0.2720 will be very risky and R/R isnt in our favour
Wait for possible pullback to get in, or if u want to optimize your R/R wait for ponential cup and handle foramtion to get in.
Ive been in this position for about 4 months. got in @ .1255 and loaded up with 129 k shares. this chart was made when i bought so about 4 months ago and i just updated it.
ive sold and divided up shares amongst friends so we are all eating I still hold 69k and will keep adding at the 50% fib good luck all aboard "diamond hands" lets goooooooo!
Nothing is for sure, and I'm personally not selling my shares but might buy more after it dips.
Looks like a completed or nearly completed green impulse wave.
Green buy zones are highlighted. If we stop at 0.28-0.29 I'd buy a bit, but know that 0.22 is the sweet spot to buy in for the next rally.
I dont even know where to start so I will get right to the point - once it breaks out, lights out and dont make me say "I told you so". MedMen has not had any good news in a while and this is your opportunity. They are actively fighting to turn around their financials and I believe they will succeed. its a 10 x bagger potential for me.
MedMen(MMNFF) has formed a Wyckoff Accumulation Pattern and is currently creating a potential ‘last point of support’ pattern in Phase C after a recent ‘spring’ and ‘test’ of the spring. Price is currently below a resistance level(red) at .22c which stems from a price peak made in September of 2020 and then again in December of 2020. Price must move above the...
MMNFF looks good to me, I bought it in November. It is starting to break from a long base. It moved above the 200sma and retested. I expect higher prices. Earnings is behind, volume is picking up, the price is above all the supporting averages, MACD above the zero line. What's not to like?
MEDMEN (MMNFF)
MMNFF: Beaten down since inception right? We know this.
What we also know: If legalization opens up across more states through 2021 then this could be a CBD retail Goliath in a few years time.
.10- .19 seems like good entry position near term.
Will most likely purchase a small position and update throughout time.
MedMen Enterprises, a recognized brand across the US for medical / recreation use of marijuana. They already have a solid foothold & "in" on the industry & are setup to ride the next wave of the cannabis boom. They are also backed by a group of experience board of directors with previous knowledge in well know public companies. The CEO is determined on an eventual...
The Cannabis momentum all across the board seems to be changing in a favorale bullish manner
Plenty of stocks have seen double digits increases, most noticeable medmen and tilray.
Medmen is drifting down in a bigger parallel channel on a Weekly chart and is moving towards the middle range of which could act as resistance.
On a daily Medmen has broken out of the...
