Disclaimer ; Not financial advice, I personally own a large position in MULN and this is my own DD. Always try to do your own DD.

This is an update from my previous post ;

Muln m00n : Technical analysis and bullish case to 4$ in ’23.

Part 1 : The composite man strategy

..all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man.- (wyckoff )

The Composite Man (Operator) attracts the public to buy a stock in which he has already accumulated a sizeable line of shares by making many transactions covertly during a period where the stock seems to be going nowhere. While also working behind the scenes to take down the price with paid bashers publishing negative news via different media outlets. The goal is to ”steal” as many shares from paper hands as possible and hold a MASSIVE position in the company to control supply.

here’s just a few exemples ;

https://hindenburgresearch.com/mullen/

https://finance.yahoo.com/news/why-investors-stay-away-mullen-101034913.html

https://stocknews.com/news/muln-jcygy-fujhy-szkmy-rnlsy-muln-stock-dont-get-tempted-by-this-stocks-low-price/

This was also during the dilution FUD campaign , which was a perfect timing.
When big institutions are ready, they will agressively defend a low (.18) this is called a wyckoff spring. They know exactly when to do that because they have inside informations from when news are going to come out weeks in advance. You will then see a reversal happening seemingly out of nowhere, catching retail shorts off guard. This is exactly what happened when the PR starting to come out back to back and CTB rose to 300-% 1k% shortly after.

Using media outlets again to promote the stock this time in a positive fashion, news of a possible short squeeze will bring new buyers and creating the liquidity necessary to advance the price , retail shorts who were once helpful allies no longer serve a purpose, therefore will be liquidated and forced to cover creating even more liquidity and upside ;

Is a giant short squeeze coming for mullen

Is MULN Stock a Buy? The Answer Is Definitely Yes!

Is A Short-Squeeze In Mullen Automotive About To Begin?

Short Squeeze Alert: Cost to Borrow Mullen (MULN) Stock Soars 8,000%
You can see the composite man footprint in the volume profile as well as on website like fintel and on the darkpool volume which is just insane at the minute.

https://fintel.io/so/us/muln
https://chartexchange.com/symbol/nasdaq-muln/exchange-volume/

MULN Stock Price Is Predicted to Soar +7,000% This Year

the 7000% inscrease or the 23$ target are great and all but I wouldn’t give those things too much weight at least for now !

On the chart you can see a breakout on the weekly timeframe of that pesky downward slopping trendline confirmed by a nice bullish candle a metric f*** ton of volume !

Part 2 : The Markup phase and the game they play (Uptrend)

The Markup Phase is another stage in the Wyckoff trading cycle. It is preceded by the Accumulation phase. In the Markup phase, Price action will move into a Long term Uptrend. It is often preceded by an ultimate low (wyckoff spring) an increase in volume and a change of character surrounding the perception of the stock by the general public, good news etc…

Below I have detailed every phase briefly, so you can understand how everything has played out so far and how everything might play out in the future, as well as the current phase we are in at the moment.

Understand that, this is a all a psychological game. If you are having a hard time right now just remember this at all cost. The market is designed that way and has been forever. Rich gets richer poors get poorer blablalba…

On the last chart you can see the institutional footprint easily on the volume spike, retails doesn’t produce this kind of volume.

If you have been in the stock for a long time, try to remember how you felt during these various stages. You aren’t stupid for feeling those things, we are only humans.

Keep the client on the Ferris Wheel, and it goes, the park is open twenty-four-seven, three-six-five. Every decade, everyGoddamn century. That’s it. Name of the game.

It’s easy to get overwhelmed by emotions when trading

Phase A : The composite man puts his foot down and stop the huge down trend and short selling, creating an automatic rally from his large purchase, this is where everything started. (run to 4$)

Phase B : After profiting from the initial rally the composite man will remain very low profile until a similar low or lower low is found, during this time he will buy and push negative propaganda to make people ”FORGET ABOUT MULN” he will obviously hedge this downtrend. This phase is the longest and designed that way to make you want to sell, it’s almost unbearable for some people.

Phase C : As paper hands panic and sell, strong hands take control of the supply and there she goes. Shorts are trapped and longs take control. This phase is very short, the goal is to surprise everyone and not give people alot of time to make a decision. BOOM you are already chasing.

Phase D : The company magically turns around, after months of fud articles and bashers telling you this stock was absolute garbage. The truth is.. that it was already turning around behind the scenes, handshakes were made behind closed door. It’s A BIG Club & You Ain’t In It!,

Phase E : Institutions are done buying and retails take the price to FOMO land, but by then, only them and a few strong willed individuals who had the balls to buy the low are still there from initial .50 and below PA . Most people will get crumbs, they get the main course. Will you hold for gold or sell at the first sign of weakness ? Do you have a strategy or are just hoping to make a quick buck.?

Will you be able to hold when the stock does all this wacky stuff on it’s way to 1$+ ? Now that you know maybe. I read alot of post on the main subs where people are panicking about a 10% drop ,Sometimes the hardest part is not to hold while being red. For some seeing their gains evaporate can be a worse feeling. That’s why it’s so important to have a plan a target a stop and be critical.. always.

Diamond hands or paper hands ? You decide

The goal is only to get liquidity and advance the price that’s it.

Finally I just want to say GL to all, I don’t know what the future hold i’m dumb retail just a trader. ..

MORE INFO about the markup phase (PHASE D) http://tradingcoach.co.in/richard-wyckoff-mark-up-mark-down/