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Disclaimer ; Not financial advice, I personally own a large position in MULN and this is my own DD and strategy, invest at your own risk. This post is un update on my previous work ; MULLEN bullish case for 4$ in ’23 Trading psychology and MULN TA MULN price targers for all types of traders and investors Looking back on past predictions ;Two months ago I called the bottom on MULN. ✔️ From that point on I called the move to .40 cents and 50 cents. Every short term prediction made came to fruition. All good for traders, but now it’s time for the big moves. Hopefully these lows have given people a chance to average down if deemed necessary. ✔️ Target 4 most bullish outcome possible. Since then the stock has been on an uptrend on the short term breaking out of a year long donward slopping channel existing insane a mega wyckoff accumulation pattern. ✔️ Post made back in december, targets still viable. Two weeks ago I also gave people a way to trade the current short term uptrend by grabbing shares at the lows during these U shaped mini dips if they wanted to add, I did add shares on these dips as I think it is now time to buy agressively before the end of this current phase. This could be anytime – Like I said previously it is really hard for some people to hold or keep their emotions in check when the stock does all kind of wacky stuff like it did in the last month, but have convictions in your play. emotional rollercoaster for sure What about now.In restrospective, I was initially very conservative with my targets but the stock has exceeded all my expectectations at least on the short term. So keeping that in mind and with everything in hindsight in think it’s time to start looking at bigger targets as I strongly believe the mark up phase, or the beggining of the real uptrend has really started. This breakout was very important As stated previously, we did breakout on the WEEKLY of that year long downtrend and even retested it last week. This created a very positive change of character in the stock.This next picture is really the meat and bone of this singular post, has I think it is really all you need to know for the next few months. This little uptrend we are currently in should take us to 1$ eventually. These next few months will leave alot of people in disbelief, but the stock market isn’t very rational. It is merely a tool to transfer money from the impatient to the patient. From weak to strong hands. From this bottoming formation and the breakout of the downtrend, a new trend emerges. Buyers step in and the new uptrend begging slowly but surely. There is nothing suggesting that this uptrend will stop has it is now following the path of least resistance. Like I previously explained it is only grabbing liquidity at the bottom and moving on. Grab & go. Volume profile uptrend and bottoming formation. So all you have to look for if you want to add is this – a) Is this a higher low if so – grab and go. liquidity and big players adding up to their position I just wanted to give ya’ll some good targets based on fibs, so from this current trend – .55, .75 1$ and 1.30$ are all on the table. No one has ever gone broke taking profits, but personally I want to hold. You know what’s best for you better than anybody so don’t listen to me, have a plan and execute it. Medium term targets for the stock. TLDR ; Predictions were accurate based on TA, Volume is still there, still a high interest in MULN. submitted by /u/Mulnm00n to u/Mulnm00n |