WEED closing in on key support

WEED small gap down open today, pulling back on a significant increase in bear volume is certainly a concern for the bulls. The weak afternoon bounces certainly have me looking for possible bear-flag confirmation and to further downside; bulls must hold $62.02 and break above $65.05 to negate that flag potential.

Key support for the bulls to maintain the daily uptrend is $62.02. This sits in the middle of a low volume node, meaning a break could see price continue downwards towards $59.70 where we start to see much more volume support.

Resistance to break are $65.05 and $66.64 high of today.

I'm not giving the bulls any benefit of the doubt - a pullback this significant on increasing bear volume is a definite red flag for me.

How WEED (really, how CGC ) moves from here will dictate the direction for the rest of the sector heading into legalization on October 17th. Losing that support at $62 makes it less likely we will see new highs heading into next month.
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