Confluence (3 or more):
1. P.A. retested HTF resistance turned support for 1st time ($8.91)
3. Untouched O.B. ($13.88-$14.81) underneath last month's closing candle
4. P.A. shift (LLs to LHs) from a HTF perspective
I would like to see a push down in price to that untouched O.B. before the bulls enter the market, but due to a huge barrier that's holding up price I'd sit out until there's a B.A.R. of the $21-$26 area.
"Canopy can also take advantage of the strategic deal inked last year with U.S. hemp company Acreage Holdings to market it's products. Acreage will market Canopy's diverse beverage portfolio in the U.S., which should also help make Canopy a worthwhile investment for long-term gains."
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