kunal00
Long

CGC needs to catch up to TLRY- Remount and Trendline break today

NYSE:CGC   CANOPY GROWTH CORPORATION
CGC has remounted its 9ema. It has been trailing TLRY for the last week. Today we have broken a key trendline in CGC along with remounting its 9ema.

Remounts are powerful!

Weed is still in play. The key is going to be if today is an exhaustion gap in TLRY and it fades off on the news that was expected or the party continues!

The key is if it holds here. We are due for a sharp pullback in these stocks at some point soon. Risk management is key you dont want to risk much on these type of trades.



Would you recommend waiting to buy in when it pulls back to around $40 or $44-$45 as some analysts have projected or do you think there will be support here at $50 for the next month?
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