Waiting for an EMA re-test before taking a trip on MMED

14 Ara 2020

Mushroom stocks have the potential to be a huge hype market driven by crazy retail speculators and nonsensical charlatans. The appetite is there for a new hype market like this, so I'm looking at EMA retests before entering in for swing(s).

17 Ara 2020

Not

The daily chart looks like it will be setting up for an equilibrium pattern (i.e., tightening range of higher lows and lower highs). It is lining up with $4 psychological support right now. Since hourly EMAs have already been played out, I would be zoomed out on 4H and daily charts, looking at EMAs there. Check out the daily EMAs on the right hand side here; it looks like the 12 EMA support is in play. tradingview.com/chart/z89YqTJc/