Key support for the bulls to maintain the daily uptrend is $48.02. This sits in the middle of a low node, meaning a break could see price continue downwards towards $46.20 where we start to see much more support.
Resistance to break are $48.98 (call it $50 psychological) and $51.04 high of today.
I'm not giving the bulls any benefit of the doubt - a pullback this significant on increasing bear is a definite red flag for me.
How CGC moves from here will dictate the direction for the rest of the sector heading into legalization on October 17th. Losing that support at $48 makes it less likely we will see new highs heading into next month.