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derekh42
Aug 16, 2018 1:20 AM

WEED Rally Long

CANOPY GROWTH CORPORATIONTSX

Description

I am expecting WEED to break out above the line of Resistance at 44.00 break and retest of the all time highs is expected. The 50 day should be the support here and I would be comfortable buying around the 50. Rumor around town is canopy will be taken over by constellation brands. I think about of people will be buying the rumor and selling the news. my target price is $56 and change like always this stuff changes daily with this sector what I think today may not be what I think next week. happy trading
Comments
derekh42
I like $42 -$44 for entry points. good sell is 56-60 at this time everything is very overbought
derekh42
uptrend channel has been formed. 60-80 in the near future
Ntrader89
Now that we are at 55 do you see this weakening? Looking for a good entry point
derekh42
this is going to get fun. 50-60 2-4 weeks
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