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LEVERXYZ

MSOS due for correction

Short
AdvisorShares Trust AdvisorShares Pure US Cannabis ETF (AMEX:MSOS)  
LEVERXYZ  
AMEX:MSOS   AdvisorShares Trust AdvisorShares Pure US Cannabis ETF
Trend Analysis MSOS cannabis cannabistocks
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trendanalysis msos cannabis cannabistocks
$MSOS recently went parabolic with all the hype. Correction is possible for following reasons:
- Sitting at the top of the channel with inverted hammer and bib bearish trending candle
- Open gap/inefficiency in 40's
- Too far from EMA
- Volume is dropping

Possible correction to the bottom of the channel
Invalidation: Clean break/close above last high/channel's top
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