It is trading below its most important moving averages, RSI well below 50. We're looking at a persisting downtrend. The wedge you've drawn is considered a continuation pattern. What kind of TA would make you say this is going up?
VaultzCapital
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@Barkworth, I believe it will bounce off of the support line in the symmetrical triangle pattern that it is in. Not only that but on the daily, linear regression shows uptrend within the triangle. So it should at least hit the mean around $17.70 or higher high of at least $19 for short term profit levels. If it passes $19 then IDK... I will post what I'm speaking of.
@AETHERBEING, Yes, absolutely. Agreed. That would make sense. If indices are done consolidating, we may see bullishness into elections. On the long term, I think $22.29 is a the buy level for a pension fund long position. As long as it trades below that, I see $8 as a near term downside target. It would make CGC's valuation realistic, for the first time in over a year.