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marketmind3

WEED Nothing Bullish

Short
CANOPY GROWTH CORPORATION (TSX:WEED)  
marketmind3  
TSX:WEED   CANOPY GROWTH CORPORATION
Trend Analysis Chart Patterns Technical Indicators weed weedstocks canopygrowth canopy cannabis cannabisstocks
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trendanalysis chartpattern indicator weed weedstocks canopygrowth canopy cannabis cannabisstocks
Very bearish chart - no reason to catch the falling knife and buy until something confirms. Weekly MACD turning negative and already below the signal is confirming this down move.

No catalyst yet - I'll need at least a break of the recent weekly downtrend.

Meanwhile, negative divergence on the MACD and DMI will weigh on it.
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