Read on Twitter
Time for the weekly $MSOS 
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇺🇸" title="Flagge der Vereinigten Staaten" aria-label="Emoji: Flagge der Vereinigten Staaten"> #cannabis review. This week I& #39;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& #39;s">https://twitter.com/PVofFCF/s... a great perspective on incoming institutional coverage. Worth a follow.
Here& #39;s">https://twitter.com/PVofFCF/s... a great perspective on incoming institutional coverage. Worth a follow.
Great response to that post. https://twitter.com/jayvelocityjay/status/1380901952477933576?s=20">https://twitter.com/jayveloci...
Good reference for where some of the big boys were raising money. https://twitter.com/spencerwincer/status/1376644559153811458?s=20">https://twitter.com/spencerwi...
https://twitter.com/todd_harrison/status/1381309024801546246?s=20
https://twitter.com/todd_harr... href="https://twitter.com/todd_harrison">@todd_harrison weighing in!
A great point I was reminded about today that @breeche11 brought up a long time ago. The bighttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🇺🇸" title="Flagge der Vereinigten Staaten" aria-label="Emoji: Flagge der Vereinigten Staaten"> banks were never going to buy our price, they were always going to set price first.
A great point I was reminded about today that @breeche11 brought up a long time ago. The big
So if @todd_harrison is right and they are at the line with shovels in hands, that& #39;s quite possibly the perfect explanation for everything that& #39;s been going on with the sector since Feb 11th.
And with that... Let& #39;s roll through the charts on $MSOS https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇺🇸" title="Flagge der Vereinigten Staaten" aria-label="Emoji: Flagge der Vereinigten Staaten"> #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& #39;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& #39;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& #39;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& #39;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& #39;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.
GLTA this week.
