MSOS felt from its channel 2 weeks ago, but I see good potential for a bounce:
1. High probability it will back test lost support, which is around 9-9.20 mark.
2. Bullish divergence on 1H
3. Oversold on 4H
4. Gap filled at 7.72
5. Good volume yesterday comparing past few weeks
6. Sitting at the bottom of Bollinger 1-4H
7. Double bottom across past 5 days
8. Good news / GOP Congressional Committee Removes D.C. Marijuana Sales Ban And Adds Cannabis Banking Protections In Key Spending Bill
My target is 9, where I am going to sale half of my position, stop loss with the rest is 7.55
1. High probability it will back test lost support, which is around 9-9.20 mark.
2. Bullish divergence on 1H
3. Oversold on 4H
4. Gap filled at 7.72
5. Good volume yesterday comparing past few weeks
6. Sitting at the bottom of Bollinger 1-4H
7. Double bottom across past 5 days
8. Good news / GOP Congressional Committee Removes D.C. Marijuana Sales Ban And Adds Cannabis Banking Protections In Key Spending Bill
My target is 9, where I am going to sale half of my position, stop loss with the rest is 7.55
Note
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Disclaimer
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.