AllTradeSignals
Long

Will Canopy Growth (TSX:WEED) Give Us an Early Christmas Gift?

TSX:WEED   CANOPY GROWTH CORPORATION
Like many stocks on the TSX, Canopy Growth Corporation has had a choppy November. The wild swings make for some very fun trading, but quite a bit of risk if you're not interested in holding bags.

Here are four trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks:

Trade #1 - 40% gain in 8 days
Trade #2 - 2.5% gain in 30 minutes (!)
Trade #3 - 8.5% gain in 20 hours (!)
Trade #4 - ... where will we end up?

Although 50% in gains in 3 trades is already a solid November... where will trade #4 take us?

For me, I'm all for setting a tight stop loss on this one. No looser than -5% should keep us safe for any immediate swings.

What do you think?

Interested in the AllTradeSignals Volume Pressure Gauge? Get in touch with us here on TradingView!

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out