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.
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.
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