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MSOS

Long $MSOS at $4.25?I've been waiting for $MSOS to bottom because the upside looks amazing once it does. But I think we'll see another leg down before we see the final capitulation. The reason being the cloud on the 1D timeframe. With that thick of a cloud, almost no chance that price will break through it, and it leads me to think that the next move is likely lower. Looking at the chart, I think the bottom will be $4.25. I'll likely wait for price to get down to that region, see how it reacts, and if we see a bounce, take a long term position.
AMEX:MSOSShort
by benjihyam
8
$MSOS - AdvisorShares Pure US Cannabis ETF Chart July 2022AsvisorShares Pure US Cannabis ETF (MSOS) has been on a rampage and never shying away of selling off more than expecting, leaving pretty much the whole cannabis sector carrying the dead weight of a massive basket of synthetic weight, expelling a lot of investors and leaving the rest holding major bags from a short attach which started almost over 2 years ago now. I believe we are on the last leg down on the current cycle and should see price action levels of $9.24 - $8.30 - $8.04 PT - As mentioned in prior published chart, I see 8/08 - 8/15 being pivotal dates that either will show signs of cycle correction that could lead into impulse or very may be an extension that continues to sell off (starts another 4-5 wave) for another setup around Nov. (which if that fails, rinse and repeat for Jan. and again in April...etc) If the correction is to turn impulse right now, MSOS would need to close over $13.90 - $14.50, but unlikely event. After the 4th-5th leg down, if the cycle correction is present, there needs to be positive volume bids to close over $1140ish - $11.70(?) after our leg down. That should let the investor(s) know bull trap is likely broken and impulse will proceed. I remain cautious... I see no let up or difference in the last two months of selling per vol profile. Each month prior averages 30M vol. and nearly 3 weeks of each month shows the volume reaching the 20 day average. The MACD on the daily appears to want to go north and grows closer to crossing the zero-line. But, is still far and below via weekly timeframe. The OBV doesn't show any weekly divergence, something to watch for when getting close to cycle correction. The last two times I charted MSOS it each time if completely knifed and oversells on the 4th down into the 5th with some of the quickest bull traps, so let's see how this one plays out.
AMEX:MSOS
by happytree614
AdvisorShares Pure US Cannabis ETF - $MSOS Chart (Cont.)At the start of the week I hit my weekly semi-cycle 3rd leg and on Tuesday, my interval daily cycle hit the 5th wave. I was looking for a semi-correction, but instead was surprised by Thursday (yesterday) price action sell even more. So, I went back to the drawing board and calculated some more data -- This might be way too early to call, but here we go. $15.13 was my price target for the start of a semi-correction, selling down to $13.70 was unexpected, but with new data, I think I see what's going on here and makes it a very interesting oversell action. I believe we will see a summer correction through the next few months, north +$18 to and depending on the force of the correction, it could kiss $20 before finally selling off for the 5th leg, which could see $8 by next year. With this is motion, I believe while most individual ticker appears to want to correct around the Aug timeframe, MSOS looks to start the sell off of the 4th wave, which I suspect will be the end of the ETF in general as August will bring legalization and allow anyone/everyone to start investing in which ever stock they want, no longer needing such basket holding cannabis tickers. Could be wrong though 🤷‍♂️
AMEX:MSOS
by happytree614
2
MSOS madnessI know no ones wants to touch MSOS or anything marajuana related but i believe it’s always smart to keep an eye out for everything. I am making a small bet while we hit all time lows. Also, as a technical trader, It’s a big deal for me that this is the first time the RSI has dropped below 30.. Even better, bull volume came in as we hit the all time low while the RSI bottomed.. If Bulls can hold this weekly close and keep the RSI above 30, I will be a believer that MSOS can get high. Pun intended. Not financial advice. Happy Trading.
AMEX:MSOSLong
by ChartFood
1
Poseidon Dynamic Cannabis ETF $PSDN - BUY NOW - MSOgang#StatesReformAct FEDERALIZATION Bill in Congress. Cannabis legalization is BiPartisan. $PSDN has the best $MSOS advisors lined up to make great investing decisions in the ever growing cannabis sector. The US sector is on fire. Women & minority leaders will be sought. Diversity is great for business. $PSDN & $KERN. Recommend. Compliance Data SOFTWARE. #thegem (no shipping hassles) US Cannabis Council Board Chair, Akerna CEO, Jessica Billingsley. $KERN GL #cannabiscommunity #valueinvesting FINALLY WINNING! Jobs & Justice
PLong
by EpicEconomics
Descending Broadening Wedge for TNY?!?!?37c in the next 3-6 months. Possible decline to 6.5c before a reversal. Bullish cross on the KST! Tinley's trading in a descending broadening wedge. With the Descending Broadening Wedge formation, we are looking for two touches to each trendline. Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper trendline thus forming the broadening wedge. Tall and wide patterns work better than short and narrow patterns. Descending Broadening Wedges tend to breakout upwards. Swing traders can trade the pattern from top to bottom and from bottom to top. After the trendlines are formed, as soon as the price touches the upper trendline go short. Cover this short (exit the trade) when the price reaches the lower trendline. As price touches the lower trendline go long (buy). Place your stop below the lower trendline. Trade price upwards to the upper trendline. Exit this trade here. When price breaks the upper trendline and closes above it this signals a breakout. Go long (buy) here. The target is the first (highest) high in the pattern. Which is around 37c CAD for TNY.
CSE:TNYLong
by ScotianBot
$MSOS AdvisorShares - US Cannabis ETF - BreakoutON VOLUME. Volume precedes price. A move without volume is suspect (see #shib). States Reform Act on Monday should be a headliner for sure. Lot's of legislation to look forward to. #cannabisreform #thegem Jobs & Justice Akerna $KERN has the data. Enterprise Solutions, Compliance SOFTWARE CEO Jessica Billingsley is Chair of USCC, United States Cannabis Council. $ITHUF $GNLN $GPRO $FCEL $PLUG $GM $VIXY US5Y UP. Large cap #stonks & #cryptocrash to #cannabisreform The future.
AMEX:MSOSLong
by EpicEconomics
6