MSOS in retracement
Hello dear padawans. This will be a short one. If you want exposure to the cannabis market (which seems promising under the new administration), this ETF is the new (hot) kid on the block. Its price soared 130% since September 2020. It seems it is retracing now after that shooting star candle that was the peak of the exhaustion move. I plotted the fib retracement levels so you can use those as a guide on the way down. Although the price could revert if it finds support on the emas, I am going to wait patiently to see if it fills the gap (solid support line). I am a heavy buyer anywhere below $39 if the price gets there. If it doesn't I will consider other support levels for my entries.
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I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Comment:
Patiently waiting the gap be filled on $MSOS. That MACD is promising.
Comment:
$MSOS moving right into my target
