With all the hype behind us, we're back to normal. Still a lot of room for consolidation. Looking at the long term, we're back inside the organic growth channel, which has provided support for as long as Cramer was pumping, but is now likely to provide resistance again, as CGC is trying to make sense of what they are doing.

FIB levels on watch, long term wedge still in place, while we wait for significant news or results that will justify a sustainable break out toward analyst targets.
Comment: Channel resistance confirmed. Downtrend engaged.
Yesterday did close with a doi and some good volume. I'll be watching the volume very closely at the opening bell because if you look at yesterday's hourly you will notice a little bit of divergence between the macd and the rsi which tells us that it was beginning to change direction at closing. I'm hoping the pattern will continue this morning....we will see.
+1 Reply
Not sure if agree with that . It has been downtrending anything below 40.55 and this could end up in the mid 30s in my oponion for what that's worth
+1 Reply
Barkworth FatherMike
@FatherMike, I suppose my English fails me. What I mean is that down she goes, without anything substantial to trigger bull volume. Thanks for response.
RonVau Barkworth
@Barkworth, I think the fact that the 50 day moving average recently crossed the 20 would confirm that long term, though the low RSI and price movement beneath the lower boundaries of the Bollinger Bands suggest some upward movement first.
+1 Reply
@RonVau, cheers buddy :-)
Barkworth Barkworth
For what its worth, that is why I drew in the FIB levels. I imagine it at $35.40 before long.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out