WEED.CA TARGET: 41It is retesting the last double bottom. Because of the trend it might get a bit lower... But I BELIVE it will continue up if bounces of neckline or if bounces of the green trendline And that would indicate a change in the intermediate trend !! by webzfactory3
The weed has been smokedGood day folks, WEED was on fire until marijuana was legalized in Canada. It has since lost almost half of its value. More I look at the chart, more it reminds me of the S&P, but with just more volatility. I think the selling is not over and that WEED will eventually test the support at 32. Then go back up to make a right shoulder around 40 and fall further to the psychological support at 20. Thank you, Shortby tipere4453
Weed - Will the Bears drag it down to 35?About to dip below 200 day EMA, and Earnings Report in 15 days. The bears are on full charge. Will we see a bounce off of the 35.00 zone? Or will WEED take a further plunge, and become a 20.00 stock. Shortby 4XRandalllUpdated 2
Canopy Growth breaks key daily and weekly supportsClear 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.06:09by McGuireTO2
Potential Buying Opportunity in WEED.TOPrice has fallen to a rising trendline and is consolidating after a false drop below a prior low. IF (and only IF) it breaks higher out of the consolidation is this a potential long trade. I like the consolidation because it allows for well-defined risk control, with a stop loss placed below the consolidation or recent low. I also like that the Nov 20 low just barely eclipsed the Oct 30 low, and then quickly rebounded. In a long-term uptrend I like to that start of action in pullbacks, as it indicates the pullback may be near completion. Still need to wait for a pop higher before I consider entering, though. Disclosure: no position yet, but a potential setup.Longby CoryMitchell-CMT225
Weed, is currently at a fair value priceMy Fair Value Theory; My theory is that the blue channel is the "fair price channel" what the company should be worth, according to the market and price action. Anything outside of the channel is fair price plus speculation. The green line represents the average fair value as per how the market views the company at any given time. My opinion (not that it means anything) That's not to say I suggest it time to buy, we may continue to see some bearish movement until spring. The Cannabis industry now has a lot of supply chain issues to iron out. If they can Amazon the crap out of the supply chain, then we will see another bullish year, however, I see a lot of money leaving the sector, so now these companies will have to figure it out using profits. Now its time for Real business models to take action, not crazy people throwing money around like drunken sailors. by 4XRandalllUpdated 117
CGC Canopy Growth - Green Gold follows in Precious Gold pathGreen Gold vs Yellow Gold. A reversal here is predicted and the upside still has massive potential.Longby graham.edwards845
Will Canopy Growth (TSX:WEED) Give Us an Early Christmas Gift?Like many stocks on the TSX, Canopy Growth Corporation has had a choppy November. The wild swings make for some very fun trading, but quite a bit of risk if you're not interested in holding bags. Here are four trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks: Trade #1 - 40% gain in 8 days Trade #2 - 2.5% gain in 30 minutes (!) Trade #3 - 8.5% gain in 20 hours (!) Trade #4 - ... where will we end up? Although 50% in gains in 3 trades is already a solid November... where will trade #4 take us? For me, I'm all for setting a tight stop loss on this one. No looser than -5% should keep us safe for any immediate swings. What do you think? Interested in the AllTradeSignals Volume Pressure Gauge ? Get in touch with us here on TradingView!Longby BlockLevels5
WEED / LONG OPPORTUNITY / H1WEED (CANOPY GROWTH CORP) Trading Bias: Long Technical Strategy: Double bottom / break of neckline *waiting for strong bull candle next session*Longby ImreSG8
FIB Channel watch for large support tomorrow AM. guessing the end of the decline today/tomorrow be may see 40 to 41 and change. by derekh424