UnknownUnicorn1314136

Canopy Not Looking Good Right Now

NYSE:CGC   None
CGC Lost nearly horizontal support, and so could very well be headed lower to price area shown on chart for uptrend support line. it is very possible there could be a bounce to reset the RSI a bit higher first, possibly even as high as 31ish. I changed from short to long at 27.50, but am holding off on any more purchases of stock until either the downtrend resistance is broken or the uptrend support line is met. Happy hunting and GLTA!!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.