If we break these 3 levels, we should see new all time highs.
Canopy had a masSive sell of in the recent weeks and its time for a bounce. RSI is oversold and pointing up. Not a trading advice! Looking for a short-term bounce from these levels #cgc #canopygrowth #weed #weedstocks HAPPY TRADING!
Update....believe the bottom support level is here and we will see the end to the consolidation with new ATHs in the coming months.
Waves might not be perfect but HEXO ( HYYDF ) is due for a pullback. Watch price go up on Wednesday and it will do so in 5 wave pattern. Looking hit $5.00. VERY RISKY trade but could pay off. Not looking to see a major upswing so be cautious. Not a trading advice, only analysis. RSI is oversold on Daily and Hourly charts so time for it to go up. Happy Trading!...
Watching CGC first thing Monday to see if the high of Friday or the low of Friday breaks to signal sort term direction
Clear bear breaks today keep the bulls in full control of CGC and WEED in every timeframe. Currently in an area with a lack of support. A weak afternoon bounce leaves us in an hourly bear flag setup heading into tomorrow morning, bulls must hold the low of today tomorrow as a first step in negating that flag.
Here's what I'm watching for CGC and WEED. Bears are in control as key support is likely to be tested first thing. There's a lack of support for 25% in the event of a bear break.
Watching CGC tightening pattern break for a solid dump or bounce. R: 34.85 S: 33.08
Cronos market cap. 1.2B vs Canopy Growth market cap. 7.8B and Tilray market cap. 8.4B Has relative potential to grow in comparison with Canopy Growth and Tilray. Long term idea without predefined stop loss and target profit. Disclaimer: not investment advice, not qualified licensed investment advisor, author may have positions in mentioned assets.
Green Gold vs Yellow Gold. A reversal here is predicted and the upside still has massive potential.
CGC is up against a significant area of support including three price levels and the 200 day MA. Watching tomorrow for how this plays out. Key resistance for bounce continuation & bear flag negation is 32.99 Key support is 31.85
There is still growth in the uptrend if it respects the trend line.
Canopy is one of the most well established Cannabis companies out there. They mainly focus on the distribution of medical cannabis. They have different products in their portfolio, from CBD concentrated pills to CBD oils. The last couple of days its stocks have been in a bearish trend, but it seems now that they have reached the MA 100 with a bullish candle. If...
Everyone is looking at the trend line for CGC - yep, it's there for sure. However, since I believe the SPX be tanking for quite a while, I don't expect that obvious trend line to hold. Remember this stock has gone up more than 2500 percent since 2016! Sound familiar? If you are trading crypto, it should! A 78.6 percent correction is probable, if not more. One...
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, it works good for stocks and cryptocurrency. you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. when a green dot appears you buy, if a green dot appears...