CW_Trades
Long

Canopy Growth Corp Breakout Holding

NYSE:CGC   CANOPY GROWTH CORPORATION
CGC is holding its own after a rough 2019. The recent sideways action within the parallel channel was an accumulation phase and now that we've had a successful breakout of the parallel channel the next move should be an upside continuation move, with or without a re-est of $20 first. A successful re-test and hold at $20 would help solidify the current uptrend and create a strong base for price to move up from ie attract more buyers who are waiting on the sideline.

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