creakyhottie
2 days ago
Interesting post on X
@PlantMedsFTW
$MRES - Add news, and it's on...
The chart for M2Bio Sciences (MRES) is showing a textbook setup for a potential breakout, and it appears perfectly primed for upcoming news. Here's a detailed breakdown of why this chart is catching attention:
MACD Bullish Crossover Incoming:
The MACD (12,26,9) is on the verge of a bullish crossover, signaling potential upward momentum. This is often an early indicator of a strong move, especially when paired with other bullish signals.
Stochastics in Bullish Territory:
The Stochastic Oscillator (14) is trending upwards, indicating increasing buying pressure. This suggests that momentum is shifting in favor of the bulls.
RSI Showing Strength:
The Relative Strength Index (RSI) is neither overbought nor oversold, sitting in a healthy range. This leaves plenty of room for upward movement if buying volume increases.
Williams %R Reversal:
The Williams %R indicator is showing signs of reversing from oversold levels, another confirmation of potential bullish momentum.
Bollinger Bands Breakout:
Price has just broken above the middle Bollinger Band and held its position, which often signals the start of an upward trend. A move toward the upper band could be imminent.
Moving Averages Aligning Bullishly:
The 50 SMA (red line) is swinging upward, indicating short-term bullish sentiment.
The VWAP (pink line) is providing solid support.
The long-term 200 SMA (green line) remains steady, reinforcing a strong support zone around $0.0131.
Volume Increasing:
Recent volume spikes suggest growing interest and accumulation at these levels. Sustained volume could further fuel the breakout.
Why This Setup Stands Out:
The convergence of these technical indicators creates an ideal environment for a breakout, especially with news potentially on the horizon.
Breaking above the middle Bollinger Band and holding this level shows strength and confidence among buyers.
The alignment of short-term and long-term moving averages adds further credibility to this bullish setup.
What to Watch For:
A confirmed MACD crossover combined with increasing volume could act as the final catalyst for a significant move upward.
If price clears resistance at $0.0225, it could open the door to test higher levels around $0.0280 or beyond.
Keep an eye on any news announcements—this chart is already primed, and positive developments could send it soaring.
Conclusion:
This setup for MRES is as close to perfect as it gets from a technical perspective. With all indicators aligning and the chart holding key levels, any upcoming news could serve as the spark to ignite a major rally. For those watching closely, this might be one of those rare opportunities where preparation meets timing.
This chart screams potential!
9:27 AM · Mar 3, 2025
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wxdog
4 weeks ago
$MRES Those worried about a press release?
Jeff never guaranteed news Thursday or Friday, although he was clear that he would try to get it out by then but wasn’t making a hard promise. Traders love to twist words when they don’t get their instant gratification.
Big picture is they are on a strategic path to a higher exchange, more credibility, and long-term success. The advisory board is stacked, AI integration is in motion, and expansion into the UAE is on the way. See the vision. The ones who understand what’s being built here will win big.
Jeff doesn’t do anything halfway. With everything in motion, missing a tentative target is insignificant. Those who sold today will realize it soon enough. This is a long-term play, and he’s relentless in executing the vision. Don’t miss it.
https://x.com/PlantMedsFTW/status/1887983130344030447