Canopy short as ACB steals participants from CANOPY GROWTH, the stock is starting to slow down.
If the SPY becomes bearish over the next 2 weeks and retraces or even without this motivation it may start to become more bearish as more investors move to ACB because it's rallying. On the flip side Canopy may also rally as ACB drives the market higher but the move will be weaker. Analysts are pushing this to stay up as people are buying up the stock over $60.
Target $50
Max Loss $300 total, if it moves above $65.
If the SPY becomes bearish over the next 2 weeks and retraces or even without this motivation it may start to become more bearish as more investors move to ACB because it's rallying. On the flip side Canopy may also rally as ACB drives the market higher but the move will be weaker. Analysts are pushing this to stay up as people are buying up the stock over $60.
Target $50
Max Loss $300 total, if it moves above $65.