CGC gapped down with the rest of the market this morning and ended up closing near the low of the day.
On Friday a few areas of support were mentioned, so it shouldn't be surprising that here we are again at $21.56.
While the bull thesis is not yet invalidated (hourly/daily closes below $20.14), probability of bull continuation diminishes the longer price stays down here.
Is closing with a Doji on an important number (literally to the penny) important? Is the market trying to tell us something? A clear rejection at EMA20 can't be seen as bullish, however NO VOLUME behind this move? And now a blue trend line that may be important?
Bulls will be looking for signs and signals of a trend change tomorrow as the ball is firmly in the Bears hands.