Canopy Growth will announce earnings on Friday this week. The market has priced in a good earnings call....but has it priced in a GREAT one......? We shall see..........
CGC part 2. Looking for a Breakthrough. Strong Week and month so far! Month - 12%+ This Month! Week - 16%+ This Week!
CGC looking strong but well see what it rests at when the dust settles
Have a great day
Canopy Growth Corporation long-term long
Potentially a Ascending Triangle as well, but we haven't seen a retest of the blue upward sloping support, instead Canopy has created a series of higher lows forming an inverted head & shoulders, next week will confirm the trend. An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but...
CGC made some nice moves and unfortunately didn't stick to the downward trend I was hoping for. Added in some new resistance lines here. The timing here is crazy, trying to thread a damn needle through this craziness haha. As much as I wanted to get in before it broke the $17.50 resistance, I held off because I expect the overall market to collapse down next...
Went back to the drawing board a bit and I'm gonna call this as the rough CGC peak. The POC (white line) for the year is too far away, the RSI and VPT as RSI are both screaming sell, the MACD is near highs and seems to be running out of steam, the long sting of positive Volume bars can't maintain without more fuel. Despite all this I think we'll be lucky just to...
Hello! Friends, -This would be a great Buy Opportunity, IF NYSE:CGC breaks up the Resistance at $16.00 !! - NYSE:CGC is following PITCHFORK levels well. You can even trade only with its support and resistance.
CGC is a much higher quality company with much better fundamentals than ACB, which just popped 200% on earnings last week. CGC is better priced than ACB already though so if earnings show any life at all, I'm expecting more along the lines of a 50-100% increase maxing out around $26. Great sell starting at $22 for an earnings swing trade. If earnings are...
CGC my thoughts look strong and had a strong month so well see if Bulls can keep climbing up! GET IN while you can! :) CHEAP CHEAP CHEAP!
Like that it held 50 At close if breaks upper resistance got a long way to 200 MA. into earning with ACB huge Move hoping for same I'm back in ././$
NYSE:CGC 1. NYSE:ACB is up 89% in 2 days, after they reported for the Quanrentine Qtr. 2. CGC reports on 5/28. It’s not that crazy to think that CGC possibly will follow suite. i’ve got a target range btwn $28 -$36
The reason i wanna try this trade is : 1: It´s close to the MA 50 line 2: It´s on an support area 3: The ATR indicator is about to exploned So my trade is looking like this Open trade: 15.06 Stop Loss: 14.00 Take profif: 18.78 Risk/Reward Radio: 3.51 Max gain: 24.70% Max loss: 7.04% THIS IS NOT AN INVESTMENT ADVICE - Always do your own home work.
I see nice Cup pattern forming on daily chart. handel forming nicely on 9EMA.perfect bull Flag enter on volume.... Target at 50 EMA
The MJ Sector has been down-trending since March of 2019, still has yet to see a real bounce with a solid continuation. As of May 2020 it looks like we are ready to bounce but still, I am weary that they will do another fakeout breakout. Anyhow, I am expecting MJ's price to eventually break above these down-trending lines. They are still rejecting the price...
CGC is tracing a minute wave c up that should complete minor wave 4. The probable target is at around 23.00. FOLLOW SKYLINEPRO TO GET UPDATES.