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.
Buy below $40 sell above $50 for a 4/3 gain. According to my trading cheat sheet this is a falling wedge where like it goes up.
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 ...
TA'ing this for academic and research purposes only. Do your own research and consume Cannabis responsibly.
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. $GNLN #thegem #gethigherstandards
7/18/21 #1 Main Watch $MSOS HTF ACB Long (same analysis as last week) RR - 4 Additionally on Watch: Secondary - $NERD Secondary - $FAN Secondary - $DIS 16 stocks on development needed list Live Trades: $NIU $TLRY $BIDU
#1 Main Watch $MSOS HTF ACB Long Monthly - Decel Weekly - Support Daily - MACD Divergence/Support/Triangle Pattern/Triple Bottom RR - 4 Additionally on Watch: Secondary - $NERD 21 stocks on development needed list Live Trades: $NIU $TLRY $BIDU
-- With Senate Majority Leader Chuck Schumer proposing legislation on Wednesday to federally legalize Cannabis, it's important to analyze what ETF options investors have to invest in the budding sector. -- There are many different ETFs, each with different liquidity profiles, investment strategies, and geographical focuses. -- MSOS and YOLO are the best...
MSOS is a pure US Cannabis ETF. PURE US being the key there. Forget about Canadian weed, America is where the money is. Legalization/De-criminalization is bound to happen. When it does, the run-up will be intense. This industry is still young and much like legalized gambling, one by one, the states are getting in on the action. This means guaranteed market...
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Local bottom for Cannabis Index ($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
One move push down into wave iv support level before a rally in to wave v begins. The daily count shows we could be in a sidways market here