Psychedelic sector looking extremely bullishAMEX:PSIL ETF Looking for a breakout above 16.20. If this thing can pullback and hold $12ish, the psychedelic sector looks ready for a multi year break out with a target of $20+ Golden zone between 25-29 = TP2/3 Below 12 invalidates short term. Longby chrisgxtct66630
Value Investing: STOCKS to watch in 2024Hi Traders, Investors and Speculators of Charts📈📉 Welcome to 2024🥂🥳 After great feedback from the altcoin list, I'll be doing a series on top stocks to watch for 2024, all in one post for your convenience! Stocks I'll focus on include: 📢 Undervalued stocks 📢 Stocks with great upside potential 📢 New stocks to watch I'll keep adding/updating one by one to the bottom of this post, so make sure you bookmark and follow! 1) AMEX:PSIL The AdvisorShares Psychedelics ETF (NYSE ticker: PSIL) invests in the emerging psychedelic drugs sector, offering exposure to those biotechnology, pharmaceutical and life sciences companies we see as leading the way in this nascent industry. Long02:33by CryptoCheck-Updated 227
potential PSIL breakout from descending wedge. 5:1 RR, PSIL etf looks to be breaking out above the descending wedge it has been consolidating in. Top holding for the ETF (CYBN) is holding a meeting on Nov 30, 2023 to go over results of their clinical study on depression. Could be a breakout time for the psychedelic sector. Waiting for some confirmation on a breakout, and could take profit at 2.25 level. Disclosure: amateur swing trader, not a pro yetLongby RyanKasper0