Canopy Growth TSX WEED.TO.. The hype cycle. Weekly with reports.

Things have definitely finally hit levels that are in line with a longer term bottoming and possibly the re-confirmation of a base support at these levels of previous highs. If not, things look grim for this entire hype based market.

Wait for the next report? Wake me up in the spring.

Comment:

Notice the placement of the next meeting in Feb 2020. This industry should be kicking but instead it is weighed down by market makers, poor clarity in law, poor distribution partnerships and again clarity with law over that as well. Timing like this can only be seen in suffering markets IMO. People trying to create perfectly timed pumps & dumps. Just a rant.

Comment:

Looking for the opportunity to long here with this formation becoming a possibility but the signal reversal candle that was just flashed on the weekly still needs confirmation. Looks like a double bottom.