Weekly hanging man on Canopy Growth CorpWe'll probably see a red week next week. Spetember is usually a bearish month for stocks. The good new is that in Oct-Dec stocks perform great.Shortby CryptoHarper776
WEED UP 3000% since 2015What do the technicals say here and what can we expect in the next 3 years?00:03by ABGUY1
Holds support or drops 40%If this holds support at the top red line bullish could continue to break out. or drop 40 % like in Febuaryby shazzan2
WEED back within an old narrowing ascending channelWEED.TO finds itself back within an ascending channel, for the first time since losing it June 26th. Indicators on larger time frames are getting very extended as the price level tests the upper limit of the channel, and while the price is at all time highs and running on both hype and news, I do believe at least temporary consolidation is in the very near term future. That said, I expect this reentry to be rejected and for a new support level to be found.Shortby McGuireTO3
Weed - Extremely high chance of reversal.At channel top, profit taking time by all indicators. Shortby 4XRandalllUpdated 16169
WEED - Another bite at the apple, not that kind of apple.....PRZA new PRZ gives another chance to enter this trade. Still targeting long term target 58. by hondazzzUpdated 1
Canopy growth getting toppish hereCanopy growth has reached the top of its channel and fibo projection. It is also completely overbought all time frame. We are expecting a pullback over the coming days and weeks. Shortby powerintegral222
Previous support now resistancePrevious support trendline from low of the February dump on WEED that formed the base of the ascending wedge in March 2018 became a new resistance at last all time high in June 2018. That trendline is being approached again on this current blue-sky breakout, and will be one I'll be watching as the days go on. This trendline looks even better on the weekly chartby McGuireTO119
TSX:WEED Bulltrap?Cormark Securities raised its target price for Canopy Growth ( TSX:WEED ) to 40 Canadian dollars from 33 Canadian dollars on August 16 while Cowen & Company raised its target price to 56 Canadian dollars from 48 Canadian dollars. Based on the last several months, I wouldn't be surprised to see a short climb before heading back down. Would consider a 40-42$ setup in the next few weeks before heading into October. by GuillaumeC91111
WORLD LOVES WEED SO WHY NOT INVEST IN IT?Hey guys, Weed is the next pharma and Canada is taking over the space! We see nice move on weed stocks recently - expecting further action $$$ Entering long here and will add up more - watching closely Don't trade high but trade the high & Keep it REAL!Longby Keep-it-RealUpdated 5
WEED Canopy GrowthI'm just starting to learn about trend lines and analysis, i was looking for some feedback on this, i think there is a strong support line, multiple hits on it and the bulls haven't broken through, the resistance line i was a bit unsure with as i believe the two big breakouts are fakes and could lead to misinformation about the direction of the market. Thanks for reading any and all feedback would be really appreciated! Disclaimer: I'm new to this..by lazarooni334
WEED RallyI am expecting WEED to break out above the line of Resistance at 44.00 break and retest of the all time highs is expected. The 50 day should be the support here and I would be comfortable buying around the 50. Rumor around town is canopy will be taken over by constellation brands. I think about of people will be buying the rumor and selling the news. my target price is $56 and change like always this stuff changes daily with this sector what I think today may not be what I think next week. happy tradingLongby derekh42442
Corona owner pumps $4 billion more into $WEEDTechnical Analysis is great! But never forget about fundamentals. We are searching for a new support now, lots of new money moving into $WEED as we speak - lets wait for EOD market to get a better idea on the rest of the week. by zcsniper222
$CSU.CA to supportBuy, $weed.ca IMO here. Other names should trade harmoniously Longby Cycle-Trade112
Troubling signs for WEED continueFake out Breakout has reversed and rising wedge pattern has failed as well. This should negatively impact the whole space until investors get some fresh new reason to get excited. legalization in Canada and other countries has shown slowed progress and buyers don't really seem to excited to pile in a these elevated prices. by LIfestyleConnect113
WEED stock and Bitcoin price has inverse relation. Hello traders, This is just a interesting findings. It seems like someone is moving their asset between Bitcoin and WEED stock in past half a year. When ever bitcoin goes up, WEED price does down, and vise versa. WEED just broke key resistance and looking for trend reversal. Because money are flowing into WEED, 6K Bitcoin is now on the table again. by x45luUpdated 227
Bullish Bounce Off SupportText book H&S formation followed by a Bear Flag Bear Flag Bounced off BB Acknowledging and understanding the bear flag, the indicator states that in one scenario we could see another leg down. Givin the current support line holds, the bellow indicators show a possible area where shorts need to cover coming up to a short squeeze. RSI is showing a over sold as well Volume Has been decreasing, Looking for some actionby J3rk1e4
WEED / CGC - Short opportunity before voteChart selfexplain my TA. SL: 36 (Weed) please leave your comments / thoughts Happy tradingShortby mathieu.chartier271
2025 LONG TERM Buy and holThis is your time to get into this new industry, Medical Cannibis has been a major player in the health industry over the past few years. this has allowed big companies like Canopy, Aurora and Aphria to get situatied perfectly to take over once recreational cannibis is legalized in Canada on October 17th 2018. Canopy is projected to control almost 40% of the market come october 17th. With there recent Stock split approval this is going to bring the share price down and make it more affordable for the smaller traders. This will create more volume and allow this the stock price to increase at a faster pace. As multiple states in the US are starting to legalize recreational cannibis this company is perfeclty situated to supply all the demand world wide. this will be a 75 Billion dollar industry by year 2025. Aurora is going to be there biggest competition as they both continue to grow and try to take the biggest market share. They are both good buys I think WEED will contiune in an upwared wedge pattern for many years to come. I plan on buying the dips and increaseing my postion size for the next few years to come. Longby fraserchristiaans1