NASDAQ:CGC   Canopy Growth Corporation
Whats up traders, investors and the moonboy Jimmy's who buy meme stocks with there Stimmy's. Here is a change of pace analysis on Canopy Growth. I mostly do crypto, but I noticed this chart and the blood that has been in the streets with this sector. This is just an idea people and i'm not saying we are heading to the top of the wedge next week, however past evidence shows that CGC might be trading within this wedge . We have not been this oversold since the last time we bounced and went to the moon for 9-10x gains. I like CGC and I believe that if this sector ever takes off, that Canopy Growth will be one of the leaders in the industry. When I see a stock that has been beaten down like this one that has high's of over $60 and now I can buy a good company at an 80% discount when indicators are showing me that a bounce could happen, you bet your ass i'll be buying. Even if it loses support and goes down into $4-5 range, I will be DCAing. On this idea, wait for volume to pick up and then make your own decision on whether you want to buy this stock for a medium to long term hold. This is not financial advice and just a hunch that I have. Happy trading!!


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