Canopy Growth Corp. engages in the production and sale of medical cannabis. In the recent period, we can observe a descending triangle pattern as well as a downtrend. Last days, stocks reached the bottom-line of the Keltner channel. Fibonacci retracement pattern was used to indicate targets. The RSI shows a bullish divergence. According to the MACD, we see a bullish confirmation hence the trend should move upwards. Also, the MACD line is located below the zero line, indicating the market is oversold. Conclusion: Position: LONG Entry range: $ 18.04 - $ 19.56 Target range: $ 25.34 - $ 26.68 Stop loss: $ 17.34