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paskalien

$WEED support lost, will the channel hold? #WEED #CGC

Short
CANOPY GROWTH CORPORATION (TSX:WEED)  
paskalien  
TSX:WEED   CANOPY GROWTH CORPORATION
Trend Analysis weed weedstocks canopy canopygrowth canopygrowthcorporation CGC
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trendanalysis weed weedstocks canopy canopygrowth canopygrowthcorporation cgc
Oh well, were definitely expecting more energy from around here but now it seems to be that the support that has been holding the price on right course since December '17, is lost. This channel where the price bounced a tiny bit right now has also been tested few times earlier. Not looking that impressive here, for me at least. If this channel is lost, we may see this stock around sub 40 CAD and then maybe even sub 30 CAD. Seems crazy with all this legalization just keep on spreading that the price would see stupidly cheap prices but maybe still lower from here a bit. Direction will chance soon - after the market has done what has to be done.
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