I actually would like to see MSOS move upwards. The only thing that has me worried is this ascending wedge that is pretty obvious. Classic move downwards to the .786 Fib around $6.28 range. The only thing that would catapult it up would be the reclassification to Schedule 1. I would like to see it break and test the ~$12 area. The is not trading advice, just...
Marijuana sector has been a slow and laggard. Chart is looking good and making higher low on weekly. Placing bets on TRUL and CL. MSOS has hype for next election.
Were in up channel, long consolidation, but I believe we are seeing potential to make some gains. There is clear rotation from cad LPs into MSO, I expect MSO to do well until earning season begins. May 08-09
MSOS loves bouncing off that trend line. I bet you it'll happen right when DEA reschedules. Because the market is a bit*ch like that. Smoke more weed. Flying to Chicago today, never been.
Predicted this a month ago and have been buying this tickers up. News came out yesterday and the chart told the story earlier.
Well its about time, the news we've been waiting for is here. Hold on tight.
MSOS - High Conviction Play; Likely to Break Ascending Triangle Another High Conviction Play - The Cannabis Sector On the chart for AMEX:MSOS , the Pure US Cannabis ETF, this is another ascending channel, that was having its leg down and touched the trend line on Friday and bounced off of it. There were fake reports coming out on Friday and my twitter feed was...
Double top or can this turn into a double bottom? I have the strange feeling that the DEA may not reschedule due to lack of data or some other bs lame reason. If this happens, I can see this double top playing out and stock dropping back down to the $4-$5 area. If the DEA does reschedule marijuana - I can see a double bottom playing out from neckline and stock...
Ready to bounce from the lower trendlind. I'm expecting a strike above $10 $Descheduling should happen rather sooner than later 🕶️🐍
Will bulls pull off some blunt force trauma? Bounce off somewhere above $9.96, blast thru 10.64 resistance and flirt with $11.50 by Friday? Why the F%&$ not?
MSOS denied at $8.41 resistance level. Try again next week for $9.39? Why not.
$3 is possible... Lost all my skalping gainz this year trying to catch this falling knife. Hate holding anything anymore. That's why I skalp nowadays. Faster to know if your right or wrong. Less risk. And easier to recover from. Trade small trade often. My posts are officially invalid on this site as my trades never last more than a 10 minutes. 1k a...
That is the exact opposite of all markets. Weed... Decriminalization is coming. This will be the attempt to gain votes for this administration. People might need some feel good meds as their traditional investments slide into depressing evaluations. The later is a joke. But not really. But on a for real note. If there was ever a trade to sit on while...
MORNING STAR!!! NEWS IS COMING! I CAN FEEL IT! Show me a ChART I'll predict the news.
Morning star candle in the works. Let's see what happens at the market close.
STOCHS trapped... w/ 3X bullish divergence on the RSI on a 40 test... 1st 200 Day test and bounce EVER... Bouncing off Decembers resistance... Selling volume spike... MACD zero test. Outside of a macro Inverse Head and Shoulder. A midterm cup and handle. A midterm bull flag. It's evidence like this one should not ignore.
This ChART is as bullish as it gets. Levels clearly marked... 1.5 YR $7.50 TO $87 Time will tell the tale.
Looking to add to my #MSOS position in the event it reaches the .5 Fib. If it breaks lower, would take the loss and average into a longer swing trade position on daily consolidation. The strength of the breakout pivot is impressive. Aggressive bulls will be delighted with broader market strength. AI driving the market, so eyes are there for indications of trend changes.