ScotianBot

Is Canopy trading in a Inverse H&S?

TSX:WEED   CANOPY GROWTH CORPORATION
Or was the recent move simply another lower high where i have the red arrow pointing down?

It appears as though Canopy may be ready to break the neckline of this inverse H&S .

The RSI may have double topped though, only time will tell.
Nov 29
Comment: It's looking like a H&S now, another retest of the recent lows approaching fast like a Tsunami!!
Nov 29
Comment:
I got burnt on the last two fakeouts. Ye, I was thinking the reverse head and shoulders too. That and the huge increase in volume. Will it become a self full-filling prophecy??
+1 Reply
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