TradingView
astunts
Jul 30, 2020 11:40 PM

Watch for breakout in $CGC Long

Description

CGC on watch for the next coming weeks. Watching for break and retest of yellow trendline resistance.
Comments
Barkworth
Make or break, into earnings. Lets see what Klein has achieved, so far...
justinl619
@Barkworth I think it will be a disappointing earnings again. To me, it doesn’t look like ABC correction is complete.
Barkworth
@justinl619, That was an interesting comment. I have a Cypher that suggests downside for the current leg, and my count also says incomplete. Care to share a chart? Here is mine...

justinl619
@Barkworth, My count is different from yours. I am assuming the uptick from the March low is wave 1 of the start of uptrend. Everything since then is corrective and it is forming a flat expanded correction.
My count with your larger WXY correction is that I have the end of X positioned at the high around the start of 2019. I hope I am not wrong with my counts but I don't really mind being wrong since we are at the accumulative phase as you mentioned in one of the ACB charts. Good luck to us.
Barkworth
@justinl619, Agreed :-)
IamBellator
@justinl619, guys...should I buy a few of these shares now or maybe wait a few days till it drops to $15?
justinl619
@IamBellator, Per my EW count, this current correction is a wave 2 of an uptrend. There is a possibility we will see $14-$15. Initially, I thought there would be a quicker drop to $13 but it seems to hold on pretty well.
More