MHUA is shown here on the daily chart. It is currently trading at about 90% off its high of the

year. It is in the high volume area of the long term volume profile suggesting there is sufficent

liquidity to support active trading. Recent volume spikes suggest buying volume increases with

the spikes being about 10X relative volume. Price is over the POC line of the volume profile

demonstrating that buying pressure exceeds selling pressure. Price is at or near to one

standard deviation below the mean anchored VWAP and so in the undervalued area as

confirmed by the RSI Stochastic < 20 %. Chart patterns include an engulfing " big ass " candle

on 5/1 and a three-bar strike with another engulfing green candle on 5/12. Both of these

could be considered long entry signals especially when supported by the price above the POC

and the RSI. I will take a position risking 0.25% of the trading account to begin the trading

week. I am targeting a gain of $15.00 per share being a 50% retracement back to the high

YTD and a 300% return on investment. I will take a 100 share position and close 10 shares

each time the price rises by $2.00. This will adequately mitigate the risk of a volatile penny

stock while adequately rewarding the risk taken.
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MHUA has now completed a standard Fib retracement pullback of its August to September move. I believe this is a good spot for an entry supported by the CCP stimulus.

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