Mind Medicine (MindMed) Inc. (NASDAQ:MNMD) (MMED.NE) stock continues to recover on Friday and witnessing a gradual rise in the stock since morning.
The stock started the day with about a 3% rise and went up as much as 10%. At the time of writing, MNMD stock is up by 8.70% at $3.25. The stock has crossed yesterday’s high of $3.29 – which is a bullish sign.
The stock is seeing heavy selling pressure after its uplisting on Nasdaq from OTC since April 27th.
In fact, the stock topped out on April 27th at $5.77. Since then, the stock has been in a serious downtrend and has fallen almost 505 as of yesterday’s closing.
However, the stock has seen buying at a lower level this week and bounced back nicely from its 50-Day moving average of $2.91.
The stock has formed lower lows and lower highs over the past 3-week. So let’s see if MNMD stock can make a reversal or not.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.