All in the video, nothing to buy yet, but there are some signs of strength this week even with the market tanking. Tickers covered - MJ, CGC, TLRY, CRON, MSOS
AsvisorShares Pure US Cannabis ETF (MSOS) has been on a rampage and never shying away of selling off more than expecting, leaving pretty much the whole cannabis sector carrying the dead weight of a massive basket of synthetic weight, expelling a lot of investors and leaving the rest holding major bags from a short attach which started almost over 2 years ago...
At the start of the week I hit my weekly semi-cycle 3rd leg and on Tuesday, my interval daily cycle hit the 5th wave. I was looking for a semi-correction, but instead was surprised by Thursday (yesterday) price action sell even more. So, I went back to the drawing board and calculated some more data -- This might be way too early to call, but here we go. $15.13...
TAKE A HIT OR LET IT SIT? 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...
$MSOS bullish divergence on the daily. Need immediate follow-through on this bounce for more conviction.
Movement after consolidation. Marijuana ETF back after hitting their All time lows? Idk Maybe.
I know no ones wants to touch MSOS or anything marajuana related but i believe it’s always smart to keep an eye out for everything. I am making a small bet while we hit all time lows. Also, as a technical trader, It’s a big deal for me that this is the first time the RSI has dropped below 30.. Even better, bull volume came in as we hit the all time low while the...
I truly believe MSOs will bottom out at some point this year... if not already. Whether by way of a market wide dump during a correction, or by forming the bottom of a cup in an eventual cup and handle formation. I think the MSOs have some real world catalysts in place to start turning positive (SAFE Banking Act, more states legalizing, actual positive net...
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
Break of 4 month downtrend in a big way. Bipartisan regulations in congress.
ON VOLUME. Volume precedes price. A move without volume is suspect (see #shib). States Reform Act on Monday should be a headliner for sure. Lot's of legislation to look forward to. #cannabisreform #thegem Jobs & Justice Akerna $KERN has the data. Enterprise Solutions, Compliance SOFTWARE CEO Jessica Billingsley is Chair of USCC, United States Cannabis...
MSOS is an etf of marijuana stocks and there was a nice reversal hammer on weekly last week with volume. Options - Over 5000 2022 March $35 and 40 calls sitting in OI, bought earlier this week. Look for $37 target, area of reistance.
MSOS bullish reversal candle on the weekly with big volume which is rising over all, divergence on the RSI, broken trend line. Looking for $100 by late spring potential.
This ETF is one that I know is actively managed and obviously no one knows when exactly is the right time to invest but we are nearing a support level and also the 786 fib retrace.. I am watching MSOS closely because as time goes, I would like to have a position in the space if buyers come in. I just dont know when is the right time.. perhaps watching this...
This is a supply zone where a lot of volume has been traded before we could see a test below 29 and bounce off here. The momentum continues to the down side on the weekly.
RSI in oversold levels and finished the day with a nice hammer candle. Shooting my shot and hoping this is near its bottom. Weed industry is going to be here in the long run whether people like it or not. Whether it can be profitable remains in the hands of lawmakers, and that is the only thing that makes me a tiny bit nervous about this trade. Also the weed ETF...
MSOS is the first and only actively managed U.S.-listed ETF with dedicated cannabis exposure focusing on ...