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MSOS

Cresco Labs investment Idea 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 million. Cresco has 10 Sunnyside stores in the new emerging cannabis market of Illinois. ) Its fourth-quarter (ended Dec. 31, 2020) revenue also jumped a massive 292% year over year to $162.3 million. Another quarter of positive adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) net of biological assets of $50 million is an impressive jump from $2.8 million in the year-ago quarter. It also reflects how well the company has been handling its operating expenses. Cresco's 2020 was a reflection of what's to come in the next few years, according to the management. Technical side of the idea: Since the price has hit an all time high(22CAD), it has been decreasing / and retraced to 0,61 Fibu level. As long as the price is Rebounding exactly on 0,61 Multiple times we should consider that there is a big Possibility for the Price to Move higher. I am expecting that the price will continue to increase to 80USD in the next two years, after breaking the 1,61 Fibu level ( which is going to be the new resistance ). If you have Questions, you can Always Contact me ! Best Regards. S.Sadki
CSE:CLLong
by SaraSadki
$MSOS sending SOSFirst US cannabis ETF is gapping down, both longs and shorts are fair and reasonable. Longs: - 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. Shorts: - Formation of H&S pattern, therefore measured move possible. - If year open does not hold, we will be gapping down all the way to the beginning of the bullish cycle for retest. - Usually new asset formation includes some form of the squeeze. They want all your money therefore they will trigger every stop on the way. Not financial advise.
AMEX:MSOSShort
by LEVERXYZ
Bullish news for the cannabis industry.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 TLRY Tilray Inc 7.83% 333051 CGC Canopy Growth Corp 6.94% 172783 GRW. GROW GENERATION 6.44% 129468 GWPH. GW Pharmaceuticals P 6.16% 32626 VFF Village Farms Intern 5.96% 476411 CRON Cronos Group Inc 5.63% 514377 AMRS Amyris Inc 4.68% 444447 HYFM HYDROFARM 4.67% 62020 Technically speaking, yesterday surge In volume along with positive news is driving the stock higher. If we manage to have a positive close 1/4/21 this could be the start of accumulation, and a move to complete the rounded bottom and test the IPO price, here a cup and handle, or a continuation of the uptrend do to social media, new retail investors, hype, super positive outlook could form. Holding shares
TLong
by Yoimdop3
MSOS in retracementHello 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 levels so you can use those as a guide on the way down. Although the price could revert if it finds support on the emas, I am going to wait patiently to see if it fills the gap (solid support line). I am a heavy buyer anywhere below $39 if the price gets there. If it doesn't I will consider other support levels for my entries. Share the love: If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways. Follow for more: I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot! ***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
AMEX:MSOS
by Safe_Trades
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