Canopy Growth - nice entry soon Long

Description

⋅ Mar 22, 2020 3:30 PM

RSI Divergence on 4 hr and daily time frame should come with one more lower low. To me, this may be a great entry for a long to about 18-19 dollar area.

Good Luck!

Comments

MisterBurkes

⋅ Apr 1, 2020 5:19 PM

Thoughts on CGC revisiting the lower channel?

the_sunship

⋅ Apr 1, 2020 5:26 PM

@MisterBurkes, I think CGC took off, I don't think it gets back to the trendline soon. Still may get to 18+ . Too bad I missed it

MisterBurkes

⋅ Apr 1, 2020 5:28 PM

@the_sunship, CGC more or less follows the SPY movements though, so if SPY is going down, CGC should follow.

the_sunship

⋅ Apr 1, 2020 5:30 PM

@MisterBurkes, eventually I see CGC lower, but spy may rally for a while. Depends on what happens rest of the week.