! Announcement !
Due to the lack of interactions and tips, new chart posts will have less details to save time and efforts.
Please click on ads or leave a tip to help pay for awesome chart TA!?
I just opened up a crypto account, not sure how it all works though... (click to copy to clipboard)
Paypal: https://www.paypal.com/donate/?hosted_button_id=DJ59RG53BJY9E
Please send me a msg if you would like to tip other crypto.
Message @@NickolasCaskeyDue to the lack of interactions and tips, new chart posts will have less details to save time and efforts.
Please click on ads or leave a tip to help pay for awesome chart TA!?
AdvisorShares Pure Cannabis ETF ($MSOS) - Stock Chart Analysis and Price Prediction [Dec 02, 2022]12/2/2022 AdvisorShares Pure Cannabis ETF ($MSOS): Buy or Sell?
AdvisorShares Pure Cannabis ETF marijuana stock chart is making its way down to support price level, is it time to buy or sell $MSOS?
AdvisorShares Cannabis ETF (MSOS): Stock Chart Analysis and Price Action Prediction
After applying my technical analysis towards marijuana stock ticker, $MSOS, it was a good rally that formed an inverse triangle from what started on Aug. 7th '22 and finally coming to an end on Dec. 5th '22. Completing this triangle as the corrective wave pattern along with not meeting bullish support levels gives $MSOS shorts control of the new selling that will set new lows for this pot stock.
Once under $10, I would expect $8.10 to play a role for pivot action and after closing under $8.60, I expect $7.81 to play a pivot, if not $7.47 with the possibility of $6.90 if panic selling starts to kick in. For some reason $5.87 calls me for my final price target. Crazy, right? We'll see...
Taking a closer look at the weekly chart of $MSOS, it's clear to see the bullish territory never came into play for this correction/pullback. It's currently impossible for me to forecast and predict the next move as this would be the first wave of the new bear cycle, but I assume once under $10 a pivot may occur to trap in more bulls before the shorts apply more selling pressure to sink this cannabis stock lower. Will update in comments
Tags: $MSOS Cannabis ETF
![]() Pot StocksWriting by Nick CaskeyPot Stocks provides stock chart technical analysis for cannabis investors in the marijuana sector of the stock market(s). Follow PotStocks420 on Twitter! Made or saved money by following these charts? Consider sending a tip or donate towards the analyst's pain management fund.
×
Available Tipping MethodsAvailable Tipping MethodsI just opened up a crypto account, not sure how it all works though... (click to copy to clipboard) Please send me a msg if you would like to tip other crypto. Message @NickolasCaskeyThank you so much in advance!Keep this joint in rotation, pass it along!
Comments
|
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations by Pot Stocks - These are theories and ideas using a chart analysis method developed by Nick Caskey.