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WadeYendall

BAT on WEED/CGC hints at stronge pull back

Long
CANOPY GROWTH CORPORATION (TSX:WEED)  
WadeYendall Updated   
TSX:WEED   CANOPY GROWTH CORPORATION
Trend Analysis Harmonic Patterns Chart Patterns
3
4
trendanalysis harmonicpatterns chartpattern
This BAT on WEED/CGC tell me we may have a another trip back down to the 382 before this thing takes off again.
Comment:
Blew through the x point without much of a pull back. Took profits on the remaining shares I was holding long. Interested in trying to go long again as this is a bullish setup, but I want to wait for a complex pull back before I get back in. Here is the zone I am looking at.
snapshot
Comment:
Right down to the green zone. Will watch closely tomorrow for reversal at trend line area. Would be looking for a bounce to 44ish.
snapshot
Comment:
Has fall very hard below trend line. Should not buy until support is found and reversing pattern is confirmed. May go straight down to support or bounce and then fall. Less likely to have a V bottom at this point. Can't predict just react to what happens.
snapshot
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