U.S. Dollar Soars: How Does This Threaten Your Cannabis Investments? Confidential Insights
In a recent issue of “Cannabis Confidential,” Todd Harrison provides a succinct analysis of the current market dynamics within the cannabis industry, particularly highlighting the performance of AdvisorShares
Pure US Cannabis ETF (NYSE: MSOS).
Harrison, known for his expertise in financial markets and cannabis investments, offers insights into the movements of this ETF and broader market indicators.
MSOS Performance Highlights
According to Harrison, MSOS gained 3% in the recent session, marking a significant recovery with an addition of 14% since the previous Monday.
This uptick follows a challenging six-week period where the ETF experienced a 40% decrease, which Harrison described as a severe market correction following a spike on April 30.
Market Dynamics And Key Levels
Harrison notes that early trading showed resilience as initial support levels at $7.50 and $7.30 held firm, allowing bullish investors to drive the prices towards critical …