TradingView
CrashWhen
Sep 2, 2022 2:11 AM

CGC: Unfinished Business Long

Canopy Growth CorporationNASDAQ

Description

With a SPX & NDX forming daily hammer/dragonfly doji at their golden pocket ratios, it's time to go dumpster diving into poopy pot stocks. I believe CGC has just finished a running flat correction with hidden bullish divergence on the 1 HR. Looking for a final Wave 5 up to $5 (Fibs) to complete the impulse move. Breaking under $3.17 invalidates wave count.

That was a very strong bullish monthly close on CGC. Bullish continuation off the monthly hammer as well as passing by the 1 trend based time fib. Could see some fireworks in cannabis stocks as SPX drifts around. Weekly Bullish Divergence on RSI on CGC playing out as well.
Comments
BTFD-MW-IHS
plan is working out!
More