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
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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.