Advisor Shares Pure US Cannabis ETF - $MSOS Chart Analysis

TAKE A HIT OR LET IT SIT?
Just about to pivot on the interval cycle via 3/4 wave, I would expect to see a small correction that might be usable for a long swing for $1 gain (or more), but will begin to sell and continue this downward trend through out the summer.
Shaving another $3, I can see this cannabis ETF possible catching ground around $14.5 - $14. Hard to judge since that isn't any previous volume to support this ticker, but could present a cycle correction worth playing.
MACD is showing divergence, so I would assume this divergence will carry on through out the 5th wave.
Just about to pivot on the interval cycle via 3/4 wave, I would expect to see a small correction that might be usable for a long swing for $1 gain (or more), but will begin to sell and continue this downward trend through out the summer.
Shaving another $3, I can see this cannabis ETF possible catching ground around $14.5 - $14. Hard to judge since that isn't any previous volume to support this ticker, but could present a cycle correction worth playing.
MACD is showing divergence, so I would assume this divergence will carry on through out the 5th wave.
Nota
This will go lower (than original wave 5)... this hit my weekly and daily semi-cycles and them some. I think we will see a nice correction here, but come Aug. sell lower than before... I posted new chart post to follow if true.Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.