CGC here we go again with the drop 😒Canopy Growth Corporation stock forum
CGC here we go again with the drop 😒
CGC sold 15/40 cons @ 125%, hard break over two will trim 15 more and let the last 10 ride. Let's fly highCGC I'm in $1.50 calls for next Friday. Level to break looking at 1.70CGC would love to see a close over 1.50 to start some momentum towards 2 into end of week
CGC Finally, this stock will pump hard if there are new regulations coming for weed comapnies in the US
CGC if this joke is to continue pumping then a correction revisiting 1.20 at least won't be surprising. In the 1h chart you can see with green area 1.20 and 1.05 the bullish order blocks, with red the bearish order block 1.65 from which price got rejected and with light brown (cgc poop color) 1.40-1.10 the fair value gap that the pumpanddumper will be looking to grab before they push further.Trade at your own risk, and don't trade what you can't afford to loose.
Good luck everyone!
PS: Volume is looking bullish but cgc-crap is not your standard stock and there's a lot of liquidity grab, pump and dump and manipulation going on.
CGC CNN last Thursday published that Trump is considering to declare cannabis as non-harmful drug - hence the pump from the big sharks. Now whether they keep pumping till 100 before they dump again or they dump immediately it's unknown because there's no true supply and demand in place for the clown stock that is cgc where the true worth is lower than a pack of condoms.CGC whyyyy??!!
WEED next target 3.20 than 7.20CGC another pump and dump ??? What do we think?