WEED, Canopy Growth Corp, TSX. The Big 100 Idea!?Keeping it simple. I personally am a bounce chaser, but occasionally like to post these long term goal charts. I drew a long term 2 year wedge, that leads right into 2021. This is a long time to draw a wedge for waiting for it to play out, as there will be many factors contributing to the ups and downs of this one. We have some sell signals on the weekly, which could destroy this wedge really fast, which may seem more practical. The momentum is still bullish but starting to taper off into a possible couple month sell off to the bottom of the wedge. This chart is for fun and perspective. Happy trading, debating and speculating!by ToddGreenUpdated 5
WEED at channel bottom. Watch for the bounce. Weed is at the trend/value channel bottom. I will be watching for a strong rejection and trend pivot this week. And then a signal to start building my position again. My thoughts: This week may be the beginning of the climb to Nov Sell off. (November is typically profit-taking month). Many investors and traders may agree that weed is on now sale, and buy buy buy. These past few weeks surprised me how hard the sell-off was. I was expecting something, but then it became a panic sell-off. Silly Market. Longby 4XRandalllUpdated 665
WEED RSI 4 hour oversold. When the chart crosses the green line, it means that the stock is 4 hour oversold and its time to buy. You can see that it has consistently led to profits. Longby hashmycash1
Correction looks like its finished, WEEDBreak up candle has been tested, nice dragonfly doji looking candle with a close in the trend. Hoping to see a pop up and sideways consolidation into a rally. RSI and volume seems to support a reversal.Longby YogigolfUpdated 221
$WEED - searching for the bottom. #potstocksVery few catalysts. Current federal government unfriendly to private sector and have recently announced plans for additional taxes on cannabis production revenues. Provinces are also piling on additional taxes of their own. Regulators seem focused on tax grab as provincial and federal governments face mounting public criticism of large accumulation of debt. Federal (and some provincial) elections are in 2019. Licensed producers can only sell recreational cannabis to provincial governments, who control the distribution, and set the price. LP’s will see higher margins on medical sales and exports. The game is rigged, and the house always wins. It’s the investors who have financed the creation of Canada’s entire cannabis production system who are to sacrifice returns so the government can undercut the black market enough to take their share. And so is life. Shorts are currently completely in control. Rebound is expected in the fall as we approach October. Currently own 1 share @ 4.00. No short position. by Alamento229
WEED analysis pre-week. UPDATEWelcome to my analysis.. I have done an analysis before for WEED. I am doing an update now for this week. . on to the good stuff: Fundamentals: Ok guys. I just read a couple of articles that was recently shown here in tradingview... they bear FUD-ing news. It's stating that Canadian cannabis companies are not a good investment. Let's see how the traders will view that and observe the market onto the next few days. Technicals: The candle's lower wick from July 13th grazes the 50 SMA. This is the first time it touches the 50 MA ever since its bull run from May 11th. The stock taking a breather or will it go down? Based on historicals, we can see that the 100 SMA acts as a major support. It has not touched the 200 SMA. With volume starting to pick up again, we can either see it bounce off the 50 SMA or go through and bounce off the 100 SMA. Regardless of what happens, this is a good opportunity to go short. All moving averages are on a bullish momentum, so if you were to short, pay very close attention to the hourly/30 mins charts. It's always faster to short than to long. My personal trading experience: For myself, I will wait for a confirmation reversal candle on the 50 SMA(34-35 dollars) or 100 SMA(30-32 dollars). That's when I will buy. The most optimal price point to buy is when it hits the 100 SMA and reverses back up. Personally, I do not see this melting down to the 200 SMA because of the legalization of Marijuana this coming October. This company is just too strong. Stay patient guys. I am the Night Stalker. I stalk these charts.. day and night. Shortby balanar_NSUpdated 775
$WEED.CA support$WEED.TO note the proximity of the 100 period moving average 34 as supportiveLongby Cycle-Trade1
Looking to short WEED Looking to short weed back to the trendline then buying off the bounceShortby nickdav122
WEED technical analysisGood evening fellow traders, Pot legalization was finally confirmed by Trudea on October 17, 2018. Keep that in the back of your mind under the fundamentals tab. This post is about technicals. With that said, here is my analysis of the WEED company. MACD and the Force index dictates a bearish momentum WEED(thats 2 points checked for the bears). The moving averages are still bullish but given on their 50-100-200, it might take a few more days before they turn to the down side as well (for now, 1 point for the bulls). As for the top down analysis, we can see that the candle has failed to make a higher high and a higher low from the 3 previous highs peaks (1 points for the bears). With that said, I see the price falling down to either of my lined up support levels. The first support at 34.53 were proven to be a strong resistance before by 3 peaks before we broke it to our new all time high. The second support is between 30.26 and 31.52. These levels were strong support were shown from previous candles. My 2 cents: I will wait for the price to hit my certain support levels and have my MACD/EFI and confirmation candles of reversal to the upside dictate as to whether I were to enter a long position or not. It's still too risky to hit a short position because of the volatility. It's always safer to bet on the long than the short because of the upcoming legalization at the end of Q3. Thanks for reading my post. This is Balanar, the Night Stalker. I stalk these charts... day and night!Longby balanar_NS2
$Weed: Head & Shoulders PatternWould like to see a pullback, low 30's range and reevaluate. by MKXX113
Weed will it retest lower channelWe may see a weak retest of the lower channel. Watch for quick opportunities over the next couple of weeks. Be patient, and watch your risk management. Longby 4XRandalllUpdated 2
My thoughts on Canopy Growth WEEDOf course there is a bullish bias on the space. I'd look to buy back 37 for a tradeLongby Cycle-Trade2
CANOPY GROWTH CORPORATION (WEED) Get Ready For Short Time UP !!CANOPY GROWTH CORPORATION (WEED) Get Ready For Short Time UP !!Longby Masoud0011
New Year's Resoluton: Buy Cheap WeedGoing SHORT on WEED for now. It's up for another correction. Wait for it. New year should be a good time to buy some cheap weed. Good luck, folks! Shortby Jefe111
My Elliott Wave Count for WEED.TOI have labeled my Elliott Wave Count for WEED.TO as 3 waves in and possibly 4 waves in. We will see a bounce very soon today or Friday . I think a 10%move up,once pivot low is reached. Initial Target zone once we reach the pivot low is between $56 and $60 assuming there is no extension for wave 5. There were sub 5th wave extensions for greater wave 1 and wave 3 so it should not surprise me if there is a sub 5th wave extension for greater wave 5. If 4 is still not in then I see the next landing zone as the (.618/$31.5) and (.65/30.60) Fib Golden zone region. This is not financial advice, just my view on what I perceive from my limited knowledge of Elliott Waves. If we are going to go to the golden zone then in my opinion we will have to bounce somewhat to reset some RSI’s. The 15,30 and 60 minute RSI’s are all over sold and the 4 hour RSI is approaching oversold. Longby Jerdy225
WEED Correction Time!Canopy Growth is fully into correct zone (watching to see what kind of correction we get). Now that dates for legalization are out - we are in a downtrend until something new comes up that changes the trend. Any moves up need to be made with caution. Good shorting opportunity for the next month or two I'd say. I'll be watching for good opportunity to short the up movements.Shortby CryptoMaing2
Bulls ready to chargeHigher highs and highers lows. Coupled with increasing volume is a recipe for success. Expect a bull run for tomorrow, as the sp held up and rebounded on the day. Short term price recovery is set at 50.50$ $ per share (range bound). Longby isnarain332
BAT on WEED/CGC hints at stronge pull backThis BAT on WEED/CGC tell me we may have a another trip back down to the 382 before this thing takes off again.Longby WadeYendallUpdated 443