MSOS - Ascending Wedge- Downward Move
I actually would like to see MSOS move upwards.
The only thing that has me worried is this ascending wedge that is pretty obvious.
Classic move downwards to the .786 Fib around $6.28 range.
The only thing that would catapult it up would be the reclassification to Schedule 1.
I would like to see it break and test the ~$12 area.
The is not trading advice, just something I happened to notice and wanted to share.
The only thing that has me worried is this ascending wedge that is pretty obvious.
Classic move downwards to the .786 Fib around $6.28 range.
The only thing that would catapult it up would be the reclassification to Schedule 1.
I would like to see it break and test the ~$12 area.
The is not trading advice, just something I happened to notice and wanted to share.
Comment:
Fall in the market kick started the dump. I fully expect it to drop further.
Looks like it happened so let's see where the price action takes us.