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11L trade ideas

>ElliotWave<>3degreeComplexWXY<>COMPLETE<>ImmediateUpside<>LONGAS the title suggests, we have completed wave 2 of greater wave 3. Expect immediate upside, major impulsive move incoming as wave 3 commences. This correction was 3rd degree (in orange) complex WXY with 2 5 wave moves enclosing another complex WXY (yellow) flat, which itself is another 2, 5 wave moves enclosing another complex WXY (green) flat which itself is made up of a simple ABC zig-zag and a simple ABC flat with a 5 wave down move move to complete. Here is a zoomed out snapshot of the interior wave 3 of the greater wave 1 we are currently in.
NASDAQ:CGCLong
by thatsblatzphemy
8
CgcHad a week td9 red flash and has been correcting hard. I’m watching the RSi for a bounce at 24.03 but overall this could come down to 22$ level. I see an overall inverse head and shoulders forming on the longer time frame and feel this right shoulder is forming Keep a close eye on the 24.03 level which is the 100 weekly EMA support. This could b the slow down point for cgc. I plan to load bags at 21.50$ level, but if we are seeing a round off on weekly rsi on this 24$ level I will change my target
NASDAQ:CGCLong
by Erictaylor
Retracement for WEED ?I think this stock could retrace more before looking for a next up side move... However, if price continue to fall I think the stock could find resistance at my 61% fib retracement and will have trouble to fall lower due to the upside momemtum that we see for this stock and for the majority of the weed sector. If we see price moving in the up to my «green zone» i will look to find a entry for a up side move (Retest /breakout) of the zone. But again, for now, I expected a further down side move.
TSX:WEED
by Leroux
CGC - Never Looked Macro BullishThose of you that have followed me for a while, know that I am long term bearish CGC for two simple reasons: overvalued and corrective structure. CGC made an ABC off the March lows, which suggests that we should expect at least one more low before a sustainable break higher. We lost the degree for the impulse wave up. We were anticipating a move to the $32-$35 range, but bulls are running out of time and support. We lost the hourly MA50, price action moved outside the bullish channel. There is a chance that wave 5 truncated at $29 resistance. Daily charts show a bounce on MA21. The way I see it, is that losing Friday's low next week (losing the daily MA21) would see continuation to the downside. Either way, as I have clearly shown in previous charts, when this current move reaches its top, I am expecting a retest of at least the $18-$20 range. This assessment is valid for ALL Canadian assets that made an ABC bounce off of March lows.
NASDAQ:CGC
by Barkworth
2
BREAKOUT CUP AND HIGH VOLUM BUY CGC ABOUT 29.40$Canopy Growth Corp. (NYSE:CGC), the Canadian cannabis and CBD products company, seems to be experiencing a turnaround. It wasn’t that long ago that CGC stock was in the doldrums and its outlook was quite dark. But now it looks like the company’s prospects are much brighter at least for the near term. Moreover, in the past year CGC stock has risen over 34% as of Friday, Nov. 20. And year-to-date it is up 12.5%, most of which happened in the past month where it rose 25.6%. 1% CAPITAL
NASDAQ:CGCLong
by Benji-13
$WEED $CGC Stocks is picking up momentum agian!$WEED $CGC Canopy Growth is picking up steam today and is heading towards first level of resistance around the $39-$40 CAD Level. The next two major resistance levels are around $50 CAD and $70 CAD. The resistance lines are on the charts, it would be same on the CGC charts. The best way to play this is if you are already in it, take some off at each resistance level and let the rest ride with a tight stop. I am currently selling puts slightly OTM to try get some shares back cheaper for the longer term. Vote is next week, should see some volatility.
TSX:WEED
by LiCapitalTrading