MEDMEN: Great entry at $3.00 USD
Medmen stock has been hammered by lawsuits due to alleged negligence by the company executives. All lawsuits and Bear warnings have been baked into current price. There is great potential for the company to succeed if they can get past all the negatives. The current size of the California cannabis market alone is the equivalent to the entire Canada cannabis market as of 2019 per statista. With the company's expansion in the rest of the US and continuous dominance in California, I believe the stock price will follow suit.
In terms of looking at the technicals, the chart shows an ascending triangle pattern on the weekly chart, along with favorable MACD, RSI and Money Flow Index. I believe this is a great entry point at $3.00.
Please perform your own research to validate my perspective on the current state of the company and its stock price outlook.
In terms of looking at the technicals, the chart shows an ascending triangle pattern on the weekly chart, along with favorable MACD, RSI and Money Flow Index. I believe this is a great entry point at $3.00.
Please perform your own research to validate my perspective on the current state of the company and its stock price outlook.
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