DerekTradeEZ

WATCH OUT FOR A BREAK ON MONDAY 12/23

NYSE:CGC   None
TICKER: $CGC

Will history repeat itself?

Just like last time, CGC is again a daily inside bar with resistance of $20.28 and support of $19.65. I do expect high volume on Monday, but the break is uncertain until it happens. Don't be bias and watch the charts because price action is KING.

I will be watching CGC closely next week and again, will either go long or short depending on how we break. Give me 15mil volume in whatever direction and I will be happy.

But looking longer term, this is a daily inside bar within a weekly inside bar . Depending on how we break on Monday, it would impact how we break on the weekly time frame.

No matter how we break on Monday, my next target will be the weekly resistance and support of $21.14 and $19.45.

Good luck next Monday, don't let your emotions get the best out of you, and remember PRICE ACTION IS KING.


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.