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Short

CGC Trendline Fail

NYSE:CGC   CANOPY GROWTH CORPORATION
CGC saw an open and close yesterday below the lower support line of a rising channel (orange lines). Using a measured move on a trendline break , price could potentially see a -25% decline which would roughly equal a -$5.50 loss taking price back down near $16. Keeping an eye on this one today as CGC tends to dictate prices for the entire cannabis sector.

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