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$YOLO Chart Analysis & Price Prediction
AdvisorShares Pure Cannabis ETF ($YOLO) is ripping dirty bong hits and leaving long investors feeling 'un-high' and unmotivated to get high...if that's possible. Is it?
Quotes by TradingView
AdvisorShares Pure Cannabis EFT (YOLO)
The AdvisorShares Pure Cannabis ETF (Ticker: YOLO) became the first actively managed ETF with a dedicated cannabis investment mandate domiciled in the United States. The AdvisorShares Pure Cannabis ETF, or YOLO, seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.
Current Buzz
On the weekly, it looks like this cannabis ticker is completing a micro-cycle. Making a pivot off the 3rd onto the 4th of an interval correction, the MACD has been flashing it's divergence for a few weeks now and grows stronger as we come closer to finishing the 5th wave of the primary wave.
TAKE A HIT OR LET IT SIT?
$YOLO is a no hit for me as I would expect a small amount to still shed off current price action as I feel $7.53 will start to catch and likely start the semi correction and pivot before the last sell off, which as most cannabis stocks, looks to sell off end of May into the summer and reground in Aug. Likely seeing $6.37-ish.
* The MACD is showing some small divergence on the weekly and does show some true colors (divergence) via daily -- this will continue as we near completion via primary wave I normally wont post any pot stocks outside the US market(s), but as YOLO is on major exchange and has some US exposure, so here.
Tags: $YOLO 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.
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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 by Pot Stocks - These are theories and ideas using a chart analysis method developed by Nick Caskey.