WEED, Canopy Growth Corp, TSX. The Big 100 Idea!?

Keeping it simple.

I personally am a bounce chaser, but occasionally like to post these long term goal charts.

I drew a long term 2 year wedge, that leads right into 2021. This is a long time to draw a wedge for waiting for it to play out, as there will be many factors contributing to the ups and downs of this one.

We have some sell signals on the weekly, which could destroy this wedge really fast, which may seem more practical.

The momentum is still bullish but starting to taper off into a possible couple month sell off to the bottom of the wedge.

This chart is for fun and perspective.


Happy trading, debating and speculating!

Trade active:

bounced off my line almost perfect. interesting.

we have momentum turning bullish, bounce on wedge, and buy signals with near bottom of bolly band.

Trade active:

has bounced perfectly on my wedge. huge 30% gain today. if you filled a position when i posted this, you would be up nearly 40% in a month.

lets see how it plays out. still looks like it could gain more speed. indications are bullish.