Lets see if the price can stay in this triangle and hopefully break bull in fall. GTBIF is the best MSOS stock for me. It is much stronger as the etf MSOS. Reloading? Stop below triangle.
If GTBIF cant stay in MSOS have big problem as a whole...
#cannabisreform legislation c/w
#cannabisboom2021 in works. Find the small caps with revenue growth & profits TODAY. Matters most in rising rate environment. Stock pickers win. This ain't it. Run away!
Constant Cannabis Shenanigans. Unless you're a SHARKNADO. It's Go Time! (maybe after another flash crash... lol). Don't worry about any of it. Low Vol. mirage!!!!
#cannabisboom2021 & beyond. The times have changed. Revenue Growth today matters. *valuation matters.
Local bottom for Cannabis Index ($MSOS)
Reasons for longs:
- Head and Shoulders pattern, obvious
- Rejection off of 0.5 Fib Level
- Chuvashov's fork in play
- Volume picking up
- Daily gap closed within a day
- Hedge against possible forming S&P correction
Invalidation: close below Year Open
Fundamental side of the idea:
For the full year of 2020, Cresco saw a whopping 271% year-over-year increase in revenue to $476 million. The company's retail revenue for the year grew to $202 million, up 316% year over year. Much of the credit goes to its Sunnyside retail platform, which, according to the management, generated average revenue per store of $3.6...
First US cannabis ETF is gapping down, both longs and shorts are fair and reasonable.
- Bottom of channel will be retested soon and may bounce.
- Gap shall be closed and may bounce.
- Once year open retested it may bounce.
- I'm not watching news so I have no clue what they say on CNBC.
- Formation of H&S pattern, therefore measured move...
I have wait admittedly in pain watching hyfm IPO skyrocket. This morning started a big long. Happy to add each, and any further dip, don't bother commenting shorts.
GL all....not much will be needed in three years!
Vertical growing and hydroponics will change the world for the better beyond canny flower!
Yesterday’s announcement of a movement towards cannabis legislation has been the best news for the industry since the listing of cannabis stocks. The THCX fund is newer and has a lower market cap then the MJ ETF, it also trades at a lower price making an attractive buy for retail investors. It’s holdings are:
APHA Aphria Inc 8.95% 603437
$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
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...