Short term Bullish on MSOS
Updated
MSOS felt from its channel 2 weeks ago, but I see good potential for a bounce:
1. High probability it will back test lost support, which is around 9-9.20 mark.
2. Bullish divergence on 1H
3. Oversold on 4H
4. Gap filled at 7.72
5. Good volume yesterday comparing past few weeks
6. Sitting at the bottom of Bollinger 1-4H
7. Double bottom across past 5 days
8. Good news / GOP Congressional Committee Removes D.C. Marijuana Sales Ban And Adds Cannabis Banking Protections In Key Spending Bill
My target is 9, where I am going to sale half of my position, stop loss with the rest is 7.55
1. High probability it will back test lost support, which is around 9-9.20 mark.
2. Bullish divergence on 1H
3. Oversold on 4H
4. Gap filled at 7.72
5. Good volume yesterday comparing past few weeks
6. Sitting at the bottom of Bollinger 1-4H
7. Double bottom across past 5 days
8. Good news / GOP Congressional Committee Removes D.C. Marijuana Sales Ban And Adds Cannabis Banking Protections In Key Spending Bill
My target is 9, where I am going to sale half of my position, stop loss with the rest is 7.55
Note
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