MJ Sector heating up. GWPH is a buy here IMHO. CRON, MJ, FLWPF, HEMP, CGC, CVSI all look like a good starting point.
Price action suggests sellers can come back. RR 1:1.8
Hello Traders! Update on CGC – Canopy Growth Corporation, testing critical support in a potential falling wedge pattern that has a bullish divergence coming to fruition, will CGC have a relief rally from here? Points to consider - Trend Bearish with consecutive lower highs - Major structural support being tested - Resistance at .50 Fibonacci - EMA’s giving...
We are now near the bottom of the previous wave 4 of one lesser degree, and IMO it's about time for shorts that have rode this down to take their profits and flip long. I've updated my count and I now have A as a leading diagonal, and I have this whole correction as a standard ZigZag. Whatever we have here is in 3 waves, and this count seems to work, especially...
Watch for a break of the downtrend channel. Wait for a bullish breakout on other MJ stocks. Trail stops up after the break. Bullish daily divergence on PPO/RSI.
SEEING SOME REALLY NICE CONFLUENCE TO MATCH A DECENT COUNT THINK THE WHOLE SECTOR IS ABOUT TO BOTTOM. LOOKING FOR A SHIFT IN MY MOMENTUM INDICATORS AND A BREAK OF THE SMALLER PITCHFORK TO CONFIRM
$CGC has been been beaten up like the rest of the pot sector. However, $CGC is different in that the company has $13/share in cash. While we aren't calling a bottom yet, investors should start preparing themselves to buy the dip in $CGC. Canopy Growth Corporation, together with its subsidiaries, engages in engages in production, distribution, and sale of...
Long entry now or wait for a stronger signal in the buy area.
Light weight company with a strong cannabis product niche. Technical bullflag setup, needs macro bull trend to hold up, and then a company specific catalyst to breakout for new ATHs
$CGC Cup and Handle formation complete. Now in equilibrium mode between 28.74 & 27.85, form a higher low / lower high and then run to close the gap at 29.62 then comes 31.97$.
Let admit, this is and will be a big industry in the future, and I think that soon those stock will be good stuff to put money in and hold it there for many years. But, till that day come I will just trade tose green gold stocks. Right now I will go with CGC, and here is why: RSI is in good shape to break 50 levels, The price is holding above the mighty...
CGC’s innovation outlook is neutral based on a current score of 54 out of 99, outperforming sector average. For more analysis and articles visit our website.
company with a few decades of history, niche product/ market, remains fairly innovative debt vs. cash +cash flow is net positive. low share count float Buyout Target
Slight bearish convergence on the Stoch, and also RSI indicating a possible hourly pullback. Earnings are guided, so the revenue figures are not very likely to drive the price upward. We're looking for profitability. ACB predicted Q4 profitability. The press release issueing earnings guidance only mentioned that they are moving closer to achieve positive EBITDA....