This is a biased opinion as I truly believe the Psychedelic stock market will be expanding more and more in the years to come.
Hence my long term bullish approach.
Mindmed has been in a downtrend since Q3 21.
Early February, price was rejected at yearly open. I do not think this reflects the company value but rather a market sentiment.
Earnings early march might give some volume.
Investment thesis is as follow:
I want to support companies that are working towards a better understanding of mental health issues, but I want my support to be as efficient as possible considering the economic uncertainties that surrounds the global market.
Price target for 2023: 5-8$
What do you think ?
Hence my long term bullish approach.
Mindmed has been in a downtrend since Q3 21.
Early February, price was rejected at yearly open. I do not think this reflects the company value but rather a market sentiment.
Earnings early march might give some volume.
Investment thesis is as follow:
I want to support companies that are working towards a better understanding of mental health issues, but I want my support to be as efficient as possible considering the economic uncertainties that surrounds the global market.
- Either price reclaim yearly open if
XBI and 
IWM rally/bounce - Downfall across the market continues--> buying between 55-80cent/share for best r:r
Price target for 2023: 5-8$
What do you think ?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.