MMMM Matt or Steve, the was

    Posted by rfa300 on 9th of Sep 2021 at 05:30 pm

    MMMM

    Matt or Steve, the was an old trade idea from June of 2020 and has been pushing higher on the daily, but is extremely stretched. Weekly is flat lined compared to the daily. Maybe you guys can mention it. I see it's still archived in the search box under Trade Ideas and is actually above the 60 min resistance line drawn last year. Thanks!

    MMMM :consolidating/ pull back a

    Posted by retirefire on 15th of Sep 2021 at 10:51 am

    MMMM :consolidating/ pull back a bit.  No volume on GRYN yet ?

    MMMM is now running on

    Posted by steve on 9th of Sep 2021 at 05:57 pm

    MMMM is now running on the news that Acrisure will market the company's insurance.  Acrisure is a very large organization (see recent press release).  Very low market cap supported a large move and IF they achieve those projections it can move much higher over time.   Short term overbought so I would prefer some consolidation/pullback but always tough with low market cap stocks to predict day to day.   

    also rfa300 - Steve covered

    Posted by matt on 9th of Sep 2021 at 11:03 pm

    also rfa300 - Steve covered the short term chart and news, but you commented on the weekly - you can't really look at the weekly because before 2020 it was a different company -so the much higher prices there don't mean anything and it makes the chart look flatlined because it was trading so much higher there, it's useless data looking at a chart before mid 2020

    Thank you Steve. Definitely agree

    Posted by rfa300 on 9th of Sep 2021 at 06:43 pm

    Thank you Steve. Definitely agree on the short term overbought as evidenced by the charts. Perhaps the consolidation towards the 9 ema might be very beneficial and certainly easy enough to monitor. 

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