CGC

ScotianBot

It appears as though Canopy may have pulled a fake out to the downside on an ascending triangle I have outlined in dark blue. In my previous post I mentioned how the RSI has seen bullish support when approaching the green arrows pointing side ways to the right, where I had a question mark in my previous post is now a green arrow coinciding with the others....

BoSoxFan123

Way oversold... Touched support twice.. Next stop $7.50 Do your DD

Wallstmessiah

Good evening Trading viewers, I present to you my second analysis on weed stocks. Is it a voodoo or a complex set of modelers in background or a mystic play of my mind. The infinity governance of time and space has played in part lower single digits. The axiom quantification of price says tlry $50, is it possible?!!! Stop loss 1$. We will see, maybe i am right or...

DaddyKev

-Falling wedge -Volume as been anemic since may 21st - if we see breakout 12.19 is first target then fibs will be price targets for upside/scale out - will enter tomorrow on a break out above $11.10

astunts

CGC on watch for the next coming weeks. Watching for break and retest of yellow trendline resistance.

ScotianBot

Canopy appears to have broken the base line of support of a micro Head & Shoulders, the blue line is where I have the base of support for the pattern. The RSI is starting to creep into an area where WEED has seen support, the green arrows pointing to the right is what I am referring too.

Barkworth

CGC is following the projected trajectory nicely. Overvalued as she is, there is limited upside to CGC, regardless of what she does. There is nothing about this company that validates its valuation, not even its cash balance. Aside from that, I, personally, still don't understand why people believe in drinks. Would you drink cannabis instead of beer, wine or...

jay_charting

ES Outlook for week of 07062020

ZChartDoc

Canopy had a massive 40x run from 2015 to 2018, and has since been in a prolonged correction. Starting to look like a bottom is forming around the $10-15 range. I began averaging in and plan on building a core position over the next 6-12 month. Looking for a 10x move to $150 area on this upcoming cycle.

jay_charting

AMD ugly

BoSoxFan123

If it holds 4.44 next week, it should be bullish. If it breaks 4.33, be careful on the downside.

thiluxan_s

Critical Point for Canopy Growth. Resting right on the 50EMA and bottom trend line of the ascending channel. Failed to close above 200EMA and tested back down to bottom of the ascending channel. Ascending channel traditionally leads to lower prices but that's after the breaking of the lower trend line. Possible test of .618 fib level which also meets with the...

Barkworth

A classic harmonic pattern suggests that ACB will close the gap at some point this year. Even if the falling wedge breaks to the upside, it remains to be seen if it can reach new highs. Personally, I don't think it realistic to see ACB rebound fully, before they've shown consistency in earnings and revenue, unless some big news catalyst will restore investor...

LIFEINVEST

this is just a sketch

Barkworth

The Cannabis industry has had a great run, but overvalued pig CGC put an abrupt hold to the recent rally with a desasterous earnings report, dropped without warning on a market that expected them to deliver in line with just 3 months ago. Snakes in the grass! A sell off was imminent anyways, with all that FOMO buying in the 3 days prior... That said, APHA was due...

MrKuey

Looking to fill the lower GAP as well as retest lows. If it can maintain support at that level, might see a nice move to the top.

Cyphertrades

Cypher Pattern Developing.. watch for price to bounce off levels and inevitably decrease and reach a Buy Signal at $11.80 for a reversal. Setting an alert for a possible Limit Buy at that area.

FleurdelisFX

Previous bear resistance is now bull support. Marijuana stocks are just too strong. Ignore the noise and play the charts. Anyone that bought marijuana stocks in the 2018 hype phase post Bitcoin and the crypto boom knows that Tilray was the hype and CGC was the anchor. Retailers don't care about market cap; they only look at price. Tilray is now past $10 and CGC is...