I’m right there with you. Except, I currently have a position. I’m trying to decide on a clever stop loss. I’ve had it at $47 all week, but I’m always afraid that a volatile swing will kick me out and leave me behind. What is your opinion, if you don’t mind?
Ron-V
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@Barkworth, That sounds about right. Textbook would be just below the most recent low in the triangle which would be 47.68, so your in a safe place. It's such a small play it just works out that close; the target is only about 54.22 so Monday should make it or break it either way. I actually didn't buy the breakout because I had gotten into another position. Keep an eye on ACB it's do great as of late.
Barkworth
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@RonVau, Thanks for that, sir. I'm waiting to see if this play gets me some additional gains, or kicks out me out at the current stop loss. I have a large position in ACB already, and intend to add to that in case I drop out of CGC. Also keeping an eye on CRON, hoping to get in again after a week or two, if we see a healthy retrace.