Advisor Shares Pure US Cannabis ETF - $MSOS Chart Analysis

happytree614 Updated   
AMEX:MSOS   AdvisorShares Trust AdvisorShares Pure US Cannabis ETF

Just about to pivot on the interval cycle via 3/4 wave, I would expect to see a small correction that might be usable for a long swing for $1 gain (or more), but will begin to sell and continue this downward trend through out the summer.

Shaving another $3, I can see this cannabis ETF possible catching ground around $14.5 - $14. Hard to judge since that isn't any previous volume to support this ticker, but could present a cycle correction worth playing.

MACD is showing divergence, so I would assume this divergence will carry on through out the 5th wave.
This will go lower (than original wave 5)... this hit my weekly and daily semi-cycles and them some. I think we will see a nice correction here, but come Aug. sell lower than before... I posted new chart post to follow if true.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.