GM gents,
I know the stock moved 50% in one day. Since it's related to Trump, people will likely fade this because they hate him. But hear me out:
Every time there was a monthly uptrend signal on the chart, we saw an average rally of 341.75% (or 12.97 times the ATR value at the time of the signal).
Adjusting to today's ATR, that would equate to surging towards $35.72 within the next few months if the signal works.
Do with that what you will...
Best of luck!
Cheers, Ivan Labrie
I know the stock moved 50% in one day. Since it's related to Trump, people will likely fade this because they hate him. But hear me out:
Every time there was a monthly uptrend signal on the chart, we saw an average rally of 341.75% (or 12.97 times the ATR value at the time of the signal).
Adjusting to today's ATR, that would equate to surging towards $35.72 within the next few months if the signal works.
Do with that what you will...
Best of luck!
Cheers, Ivan Labrie
Trade closed: stop reached
CGC 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.