A Desperate Long Position

16 May 2024

My First Idea here, I would like to think of it more like an intuition vs. technical analysis. MNY has made some patterns I noticed especially like around 24th-25th of a month, entering a consolidation area for 2-3 weeks (1.88$-2.00$). waiting for an up trend breakout to exit my position.

Facts on MNY:

1. NASDAQ Listed
   
2. Positive performance & earnings
   
3. Low daily Trading Volume except in the seasonal pattern
   
4. Slow mover but volatile if it moves suddenly
   
5. Boring to wait for if its sleeping on volume
   

1 analyst is expecting it jump to 7$ by end of year [TradingView], another expects 4$ somewhere in 2025.

A well made Recent Research: (Credit goes to Milo Bussell Associate Analyst, Consumer and Media) edisongroup.com/research/money-saver-in-south-east-asia/33585/

Please share your thoughts further, again this is just an idea not a TA.

MNY Thanks! (Pun intended)

20 Haz 2024

İşlem kapandı: hedefe ulaştı

Super Slow Stock movement due to low volume, did make some money but did not reach the final tip of the surge.