$MSOS Trendline Break -> Cup and Handle in playMSOS Trendline Break -> Cup and Handle in play = GAP close
#MSOS #potstocks #Cup&Handle #GAPclose
MSOS trade ideas
$MSOS AdvisorShares Pure US Cannabis ETFFor those looking for a good mix of cannabis (no put intended) shares. This could become mainstream with institutional adoption and part of a balanced portfolio.
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 $39 if the price gets there. If it doesn't I will consider other support levels for my entries.
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
MSOS due for correction$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
$MSOS - will keep adding during dipsIn commons, I will keep adding around the $41 mark.
This has momentum from change in presidential administration and is less volatile than buying actual cannabis stocks.
This stock with GRWG and GWPH are the best cannabis stocks that I will keep adding to my portfolio.
MSOS swing trade of HoldUsing risk managment and a good view of current market fundamentals, MSOS seems to show a good entry for the Swing or Hold trader.
Cannabis Sector Bullish Trend - THC vaping - Tobacco to WeedTHC saves lives. Perhaps tobacco industry becomes more "canna-friendly".....
'cause everyone knows that THC saves lives. What a powerful plant! That's BULLISH.
Cannabis is the future! Study it! Educate. Peace.
