Looks like a healthy continuation pattern. Watch for the break of the downtrend resistance line for a breakout, or break of support which will likely indicate the pattern has failed.
$Canopy Growth, long on a bounce on support
Canopy Growth, out half position with an amazing 35% profit
After some explosive growth in late 2016, the stock entered a pennant formation, tightening in early Feb. Large volume and push outside of the channel setup of a long position. Upside is $10.25, stop loss at $8.
For me it seems like a nice longsetup with this triangle....
Resistances: 8,53 / 9,25 / 10,25 / 10-95 14,5
Supports: 6,4 / 5,6 / 4,15
Stop - 3.04
Target - 3.25 - 3.4
$CGC $TWMJF News + Golden Cross + 50MA Bounce
$CGC $TWMJF Golden Cross + 50MA Bounce + News - Tweed Inc
This shows the stock prices of Canada's largest medical marijuana company.
This tracks Canada's largest medical marijuana company's stock prices.