DejanDjekic

CGC will fly?

Long
NYSE:CGC   None
Let admit, this is and will be a big industry in the future, and I think that soon those stock will be good stuff to put money in and hold it there for many years. But, till that day come I will just trade tose green gold stocks. Right now I will go with CGC, and here is why:

RSI is in good shape to break 50 levels,
The price is holding above the mighty Fibonacci level,
The worst thing that can happen is to lose 2%,
The best what will happen is to gain 7% till November

My play is to buy with 2:7 R/R
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