Time for the weekly $MSOS #cannabis review. This week I'm reverting back to the 2Hr timeframe so we can review whats happening on these daily battles.

Before we jump into the charts, there were a couple great threads over the last week discussing the sector and ETF hedging and what way this is likely headed. I suggest you follow some of these guys as they have pretty good insight with their thoughts. Worth the a follow.

https://twitter.com/PVofFCF/status/1380900691074560004?s=20

Here's a great perspective on incoming institutional coverage. Worth a follow.

Great response to that post. https://twitter.com/jayvelocityjay/status/1380901952477933576?s=20

Good reference for where some of the big boys were raising money. https://twitter.com/spencerwincer/status/1376644559153811458?s=20

https://twitter.com/todd_harrison/status/1381309024801546246?s=20

@todd_harrison weighing in!

A great point I was reminded about today that @breeche11 brought up a long time ago. The big banks were never going to buy our price, they were always going to set price first.

So if @todd_harrison is right and they are at the line with shovels in hands, that's quite possibly the perfect explanation for everything that's been going on with the sector since Feb 11th.

And with that... Let's roll through the charts on $MSOS #cannabis

$GTII / $GTBIF - Two rejections right under the 50MA this week, MACD looking for another run to reclaim it as a floor and start a move upwards. Nice bounce off the 100% FIBr to start the move last week.

$ACRG.A / $ACRHF - with a nice pop over the money line and claiming the 50MA as a floor for now. Next target is the 200MA if it holds.

$LOWL / $LOWLF - Rejected off the stacked MA's and taking a bounce off the long term trend line for another go at the 50MA. Need some bullish action to keep this level.

$VEXT / $VEXTF - Holding the Golden Pocket and the 50MA as support, next significant price level is the 200MA.

$HARV / $HRVSF - Long term trend line is the final line of defense here as it attempts to take on the 50MA. Declining wedge playing out and watching for the breakout.

$AYR.A / $AYRWF - 100% FIBr acting as a support but the 50MA is creating a lot of downward pressure here. Could test the long term trend line if the bulls don't intervene.

$CL / $CRLBF - Cresco is currently in a dog fight to reclaim the 50MA, next key level is the 200MA. MACD attempting a push up.

$GRAM.U - starting a nice little run on low volume, the 50Ma will act as support before taking a run at the 200MA.

$CURA / $CURLF - 3 rejections against the 50MA playing out in a wedge above the long term trend line, 200MA the next key level to watch on breakout.

$TRUL / $TCNNF - Raising at the $50 mark and the reason for the sell off, finding support at the 100% retracement. 50MA currently causing some downward pressure.

$VREO / $VREOF - Taking a lovely bounce off the long term trend line and cruising under the 50MA as it looks for an opportunity to head above the 200MA again.

$FFNT / $FFNTF - A nice bounce off the 100% retracement and a W playing out. 50Ma will try to hold as the floor to start a run to the 200MA.

$CCHW / $CCHWF - Bouncing off the long term trend line, followed by a rejection from the 200MA and now battling to keep the 50 MA. Nice opportunity to start a trend reversal here.

$HBOR / $HBRSF - Oscillating on low momo through the wedge between the 50MA and the golden pocket. Awaiting a breakout.

$VRNO / $VRNOF - Starting a nice little run and will attempt to keep the 50MA as a floor. Let's see how the first test on the 50MA goes.

$PLTH / $PLNNF - cracking the 200MA in style off a beautiful textbook W pattern. Trying to hold the 50% retracement point from the sell off now.

$CXXI / $CXXIF - 3 attempts to crack the 50MA and just no bulls around to take advantage. Momo is almost non existent in both directions. First sign of a bullish catalyst and I think it rips. They're quiet lately and likely up to something big.

$TER / $TRSSF - A bounce off the long term trend line and now fighting to keep the 100% retracement of the last run. May reclaim the 50MA next week.

$RWB / $RWBYF - Looking for a breakout as the stock battles between a tightening 50 and 100MA. Watching to see which way she goes.

$JUSH / $JUSHF - Popping over the last trend line and attempting to hold the 50MA as it heads towards the next key level the 200MA. A bit of resistance in the golden pocket.

$MSOS - A large run followed by a rejection by the 50MA. Coming into the 100% retracement zone for a recharge or bounce. Need these guys to turn this 50MA from ceiling to floor.

In closing, the clock is ticking as we move towards legislation on a federal level Re: SAFE etc. The better the sector holds up the better we'll be as major players will start to take positions. I think at the first hint of safe harbour language we see the pivot.

GLTA this week.