Coming off an 8 month bear market, cannabis appears to be making a comeback... The overall reversal adds to the likelihood that the current bullflag will push prices higher... A position started here could have a stop loss placed at $22.50 (this level would negate the flag). Short term target could be placed at the closest resistance, long term target could be much higher...
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Getting close to the stop loss zone. Still bullish long term but looks like now may not be the turning point.
I got invited to stop loss with 22.6 next week does it look like that's a place to jump higher from your chart? Or should I plan to have it moved lower? After today's close? Earnings coming up looking good?
Chadison-Brosevelt
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@RobFlorio, Looks like it may go lower from here, Im about to get stopped out at 22.50. I dont know about earnings, I've switched my focus to other assets and will wait for further clarity on the CGC chart.