could see downside if we reject here 🦉cgc looks like it could get rejected at this strong resistance area, if it does look for a dip to 7-8 before potential bounce.If resistance breaks my targets are 11.23-12.69 like and follow for more 💘Shortby Vibranium_Capital119
falling leaf catcher pt.1One pandemic and 2 kids later... I'm back. Pot to me looks like the value play for this decade. Most view it as dead $ given the run on crypto and tech but I see a wave II corrective wave that's close to completing. 3 things need to happen for a true bottom to get painted here: 1) The drop needs to shallow out. We want a lower low that's on that 1x1 Gann angle (but not any steeper!). My hope is that this takes place somewhere in the $6-$7 range as the ABCD completes. The theory is that wave II is a flat or zigzag so we're on the tail end of a 5 wave terminal wave C. 2) Volume needs to keep growing. You already see it but IMO as money starts to leave traditional equities in a likely correction soonish (future post) you'll start to see it pour back into beaten down sectors like cannabis. 3) Progress needs to be made on the legislative side. DUH... but as mid terms start ramping up I'm expecting both parties to try and one-up each other in trying to take credit for actions toward legalization. Likely it will be lots of rhetoric with little progress so not getting my hopes up... but there just has to be a small catalyst to turn the technicals around. I've taken starter positions in CGC, CURLF, CRON, TLRY and will continue to accumulate as they drop. No options here as time is not our friend. Stay patient my friends.Longby chinawildman101012
price channels weedWeed is on the bottom of my price channel, a good idee would be to buy in now, and sell on the upper lines. the stock is now 83 % cheaper, so i think its worth the gamble. The resistance and support lines are drawn in log scale, same as in my previous posts.Longby Jay69970116
Cannabis Sector To Run 2022 6-7x Potential Canopy GrowthHey the cannabis sector has underperformed the stock market indexes in 2021, this will run in 2022, stay updated in January for monthly momentum inflections. CGC has a 6-7x potential from here. This should be the first big sector swing followed by airlines and renewable energy in 2022. by UnknownUnicorn12070690227
Canopy Growth long term accumulationCanopy Growth is now in the zone where I expect the floor to be developed I've watched the stock for several months / years but never found a suitable level. I was still missing too much information Canopy is also a candidate who could / will benefit from the wave of legalization and the resulting hype. Today and month by month I will top up my portfolio Longby logindaten4
Big technical support for Canopy growthFundamentally I feel like the marijuana market is attractive at these prices, I started calling the market last week and now I'm looking for individual stocks to *Invest* in. I dont trade stocks. Quarterly: Currently at a price range that has acted as big support and resistance in the past on the longest term chart we can look at on this asset. Monthly: I applied the fib retracement tool just to highlight that this stock has been dropping like a rock without looking back for several months and even a modest pullback to the first resistance in the down trend would still net us a 100 percent profit. Weekly: Just reverting to the mean, (200 week moving average,) we more than double our investment. Daily: Trend line breakout and I also like that momentum bar on that breakout pullback. Look closely, price broke out on the 16th and 17th, pulled back to test it on the 20th, then boom no tail on the next candle, no wick at the top either, buyers controlled that entire day. Thanks for reading. Like and follow! I follow back and toss coins!Longby Chad_McDeid228
IT'S TIME TO GET HIGH !! LET'S GET A BOUNCE !!!Whats up traders, investors and the moonboy Jimmy's who buy meme stocks with there Stimmy's. Here is a change of pace analysis on Canopy Growth. I mostly do crypto, but I noticed this chart and the blood that has been in the streets with this sector. This is just an idea people and i'm not saying we are heading to the top of the wedge next week, however past evidence shows that CGC might be trading within this wedge. We have not been this oversold since the last time we bounced and went to the moon for 9-10x gains. I like CGC and I believe that if this sector ever takes off, that Canopy Growth will be one of the leaders in the industry. When I see a stock that has been beaten down like this one that has high's of over $60 and now I can buy a good company at an 80% discount when indicators are showing me that a bounce could happen, you bet your ass i'll be buying. Even if it loses support and goes down into $4-5 range, I will be DCAing. On this idea, wait for volume to pick up and then make your own decision on whether you want to buy this stock for a medium to long term hold. This is not financial advice and just a hunch that I have. Happy trading!!Longby mfibbs7
$CGC approaching a major support level, demand zoneWe also still have the Republican legislation bill that is still in motion, initial reports of this bill were on the 15th, but no news yet on when they expect to vote on this bill. finance.yahoo.com Today, noticed a 12 Put sizzle index compared to just 1.7 on Calls.. we expect to see a move down to the green buy region. When CGC announces new CEO and key executive leadership, this will create a bullish catalyst for a move higher.Longby attiladaahun1
CGC: Another Cannabis Company With a Huge Profit Potential$CGC - Canopy Growth is another Cannabis company that I really like and this is almost the same in size and in performance as Tilray (TLRY). Actually the price tested the low and we have a potential double bottom here with a very good profit potential. The price has been in the actual price levels in March-20 and November-17. So this is a clue that it should move higher. In my personal opinion this stock is undervalued because all the market is waiting for the Congress to legalize cannabis in all the countries. From the other side the Cannabis industry should increase very fast once the it will legalized as the U.S market is very huge. So Let's see. Only Time Will Tell The Truth. Thank you and Good Luck! You may also like TLRY: Longby KlejdiCuni181841
The next Bitcoin? Keep an eye on this one guys...Keep an eye on CGC, buy target area between 7.5 & 4.5, expected to run all the way up to 120, the next Bitcoin?by Investing-Level-32
CGC is ready for a good 100% move.CGC at strong support longed a good amount. CGC strong support zone 12-13$ expecting a target of $16-$20 Longby AltcointdUpdated 2
Canopy Growth Corp - General Cannabis RunHey looks like CGC, TLRY, ACB and the WEED etf's are starting their general cannabis run. Canopy has come down to it's lows and might be looking to takeoff here, rsi weekly is starting to inflect and macd is crossing over this could run for a long time several months possibly back to 50$ area. Lower time frames are overbought so might see some red to start the week next week. A buy price of 13.00$ would't be too bad. Also check out EDEN.CN on the Canadian Securities Exchange: Eden Empire is a new player in the cannabis space in Canada and the U.S, they are starting grow operations and have chain of dispensaries and are growing and expanding fast! Other's to check out are mentioned above CGC, TLRY, ACB and the WEED etf's. ca.finance.yahoo.com ca.finance.yahoo.com Longby UnknownUnicorn12070690223
$CGC looking for a continuation w/ all this weed momo Weed stocks are heating up, expecting momentum to carry into this week. $CGC and $TLRY are my favorite weed plays as far as price action, they seem to make the most violent moves. Side note - $CGC weekly chart has the beautiful MACD cross and RSI is approaching bull territory. Will be buying an ounce of weed for every PT hit. Longby Diesel_Trading0
$CGC Revisiting The Bat PCZ For a Second Time.CGC had a bullish setup in this area before why not try and go for it again and potentially fill the wick that we created during the last run? We have bullish Divergence on both the MACD and RSI suggesting that we may get a bounce from this zone again and this time we may even go higher than the last time. Check out the related idea section if curious as to what conditions CGC was under just before the last bearish reversal.Longby RizeSenpai6611
CGC LongTrendline break Demand Zone confirmation Entry 13.7 Stop 10.9 Target 25 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.Longby PlanTradePlanMMUpdated 222
CGC: BullishSome may say the Cannabis Sector is "dead money" however, as a medical cannabis user for several years, I can tell you that the industry is booming. I won't get into all the details on the retail locations and nationwide locations in this article, but I will say the benefits outweigh the risks. For my PTSD cannabis has been phenomenal whether in flower form or consuming chewy edibles I've also seen this work on my young son, who experiences seizures, etc. BACK TO CGC. There are a few hardcore cannabis stock accumulators out there. I remember my days in the OTC stocks before the enormous 'green rush' and all I can say is they were life changing events. I've outlined some targets on the chart posted. I strongly believe a move will be coming to this sector before the end of the year. I cannot say every target will be hit successfully; nevertheless, there is pent up demand and the White House Administration has marijuana in its crosshairs. WHY? Well, someone (or something) will need to pay for these reckless spending bills of debt and we've seen the money flow from just Colorado alone. If nothing else, it doesn't hurt to have a little money wrapped into GCG at this current level 13.82. Even if the stock were to retest the 9 to 10 zone my stance on the current chart and outlook as of today (11-10-2021) does not change, as I find the sector to be at its most optimal point in time to own / invest / trade.Longby bsdvs23112
CGC ready for trend change?CGC and other marijuana stocks have been smoked for the last 10 months straight. This may be a good entry to dollar cost average (DCA) for at the very least a 100% bounce or a 600% return back to all time highs. It has been trading within a triangle and could find support at current prices but may also go lower to $5-8. I have 2 scenarios on this chart that i think could play out. Low RSI, decreasing volume, and other indicators point to good entry. This is only an idea. (not financial advice) DYOR. Longby H8rH8r1
CGCReaction to earnings dropped it below trendline support, but still a good weed stock play. Looking for a rebound here!Longby BullishBear08111
CGC in an extremely tight wedge ahead of earningsCGC being held down for a long time. The pattern is likely to repeat itself. Potentially nice opportunity.Longby Shadowfigure3
#CGC could rise to 25$clair Key-Level Zone between 13-14 RSI & MACD look good and Risk/Reward Ratio is big Longby anile8
Finally got a buy signal on CGCCannabis has been hammered this year, is this is the start of a longer trend? I decided to buy a little yesterday, lets see.Longby ZenDegen1