CHART Thread, page-2704

Here's a chart of one of the US cannabis Exchange Traded funds - AdvisorShares Pure US Cannabis ETF (MSOS), which has around USD650m in assets. Its price has been smashed since early 2021, dropping from over $55 to a recent low of under $9.

However, it just might be forming an Inverse Head and Shoulders formation - as labelled below. It's yet to be confirmed - ie. the H&S neckline remains unbroken - but if/when MSOS does break out, watch out above imo. And Incannex would follow, sure as day follows night.

That said, if MSOS breaks into new lows, this bullish scenario is busted.



Incidentally, I like the long-term Incannex chart, a lot.

As with MSOS, it's yet to confirm a trend reversal to the topside. But some encouraging signs are starting to appear on the chart.