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Barkworth
Feb 20, 2021 9:47 AM

CGC Starting a count here. 

Canopy Growth CorporationNASDAQ

Description

Broke out from a large base, should still have some juice in it. Target around $75.
Comments
rb675
Thanks again
poisonivy1111
I’m a newbie and learning lots from you. Really appreciate that you not only share but also educate. Thanks again.
psbassin
Why $75 - from the bull flag? And will there be an impulse soon or further downside? thx
Barkworth
@psbassin, Books on Elliott Wave Theory explain how to calculate ratio's. Good luck.
psbassin
@Barkworth, Ok thanks - you too!
Barkworth
@psbassin, Was that arrogant? I'm sorry. But I am not here to teach people how to trade. I just share what I see. Sorry. Anyways, wave 5 is either equal to wave 1 or 1.618 times wave 1 and 3 together. That suggests anything between $55 and $83. $75 is the recent target it got from analysts. Could take months before it goes there.

Please mate, don't ask me everything. You have the entire internet at your disposal. Do some work yourself.
psbassin
@Barkworth, No problem thanks for your gracious reply. I’m an investor not a trader so that maybe explains my ignorance. I try to learn as much as I can but it’s a bit hard for me to understand the technicalities.
psbassin
@Barkworth, And, I know you just assumed, but I’m a woman.
Barkworth
@psbassin, «mate» isn’t genderless? Anyway, don’t mind me. It just becomes too much sometimes.
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