CGC is currently within a very clean bull-flag pattern. We also have the 100/200 day moving averages right around the bottom of the bull-flag. I will be looking for a break-out above the descending line of resistance, and if we get that with some conviction, we could see CGC run back to previous highs around $55-60. Moving average guide (All daily for this post):...
Buy long signal @44.18 and sell short signal @39.65 as well.
$CGC has reached support at the bottom of the 'Jeff Sessions resignation' key level. There's an active monthly uptrend, daily is oversold and making a higher high above a previous day high, whilst RgMov shows an active daily uptrend, so this would qualify as a valid long entry. You can risk either 3 daily ATR down, a drop under this last daily lowest low, use a...
Both these stocks have massively bullish monthly charts, and are probably reaching the euphoria phase where investors pile into them like crazy, forming a blow off top, followed by a lengthy consolidation after the bubble peaks...Daily charts give excellent trading setups using 'Key Hidden Levels' and 'Time@Mode' Techniques, created by my mentor, @timwest. I'm...
Canopy Growth looks like it is pulling back...Mid 30's might be reasonable May short if it bounces off the trend line again
CGC looking very promising. If we can continue from here target will be $122 for wave 3.
Just putting out a call since I have been quiet for a bit. Congrats for anyone who opened a short position after the daily EQ break which I published a while ago. Hope you can see why I am favouring a short position here. For those who follow me you will know why I ideally like to open positions in this sort of set up. Yellow trend lines have been drawn up on...
With all the hype behind us, we're back to normal. Still a lot of room for consolidation. Looking at the long term, we're back inside the organic growth channel, which has provided support for as long as Cramer was pumping, but is now likely to provide resistance again, as CGC is trying to make sense of what they are doing. FIB levels on watch, long term wedge...
CGC looks like it's gonna breakout and then breakdown!. Market is getting toppy. either we are getting fireworks in the skies or nuclear bomb dropping down on us.
2 counts, left is weekly and right is daily for each count. Think we coming down for the 4, we are at some channel and PF fork resistance/support, but they are just imaginary lines. Could go deeper then the .5 potentially depending on the market over all. It my go as deep as 15 dollars ish. Deeper than that or even more time sideways may call for a recount. Monday...
CGC is currently in a very tight equilibrium pattern. Although these conditions are not ideal for active trades or anyone looking to trade short term, they are ideal for those of you whom are patient and are willing to wait for a break to enter a short/long position. Equilibrium patterns are my favourite pattern to trade from upon breaking as there is generally...
TradingView Openposition at $163.67 Stop loss at $163 Take profit at $170 Why this play? Thinking we may get a break out on cgc and this will follow. plus rsi and triple bottom here.
weak at least levels suggest price will come towards 50$ range - it just can't above 65$ not enough buyers showing up..market profile suggest 50$ at a naked VPOC to come test and find buyers 15-20% drop very possible here will probably affect whole cannabis sector which is pretty much overbought anyway
When this thing breaks, I would expect a massive move either way. What's it going to be heading towards summer ? Is Canopy primed for another leg up after this gigantic bull flag ? Or is it going back down ......what do you think ?
Rookies take: I'll go ahead and presume based on my personal analysis that the momentum was shifting toward upside before being rejected by the bears. Continue to look for movement back toward resistance and watch for "the move".
We are currently in a bullish pennant and I believe we are going to breakout to the upside. With the hype around the cannabis sector, it's not likely we will see a major correction before hitting all time high. Weekly Ichimoku cloud also indicates that we are in bullish trend for weeks and month to come. Be patient and manage wisely :) This is an analysis, not...