CANOPY GROWTH CORPORATION WEED

greatful-me Pro+

The Trend Reversal Trade, can it work? I have been trading the market for 10 years & the statistics in NOT in your favour, this type of trade has a low probability & trading is a game of stacking the probabilities in your favour. this is to be distinguished from investing; which is a whole different game. Back to the infamous Trend Reversal Trade. This is the...

ScotianBot

wow, hard to believe canopy is getting near my entry point in 2016-2017. This stock has been a rollercoaster since rec legalization in Canada. A Potential trading range is highlighted in green. Any price movement that is sustained below or above the green lines is noteworthy. If WEED doesn't hold the green line of support a gap down to CAD $2.80 is highly...

holeyprofit

Good support level. It's possible we seen the final headfake of the down move during that last swing. Strong RR opportunities here.

Jay69970

Weed 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.

Devin567 Pro

WEED is looking for a "big" bounce here. 5 waves down to prior support. Looking for 3 waves up to target 36.35 which is the .5 fib retrace. Great RR here. WEED could go even higher and target the golden zone retrace around 42-44 dollars. But i am looking for an ultimate low around 7.88 to finish the correction and move to new ATHs. Trade safe, Devin

JanisKupsis Pro

It looks like to me it is setting up a big macro ala BTC 2020 Netflix 2005 setup. Where weed is going to the moon. There is still time to learn about fundamental side of things. and there is still time to see this if this is going to be a classic macro continuation. This is an idea and lets hope we can transfer some crypto money into this when the bubble of...

Hedge_Of_The_World Pro

Canopy Growth (WEED) is getting absolutely hammered. We're down over 7% this month after crashing over 20% in July. Imo, the stock is going to blow up when the US finally decriminalizes Cannabis. The opportunities for hemp are endless and of course the recreational market for drinks, bud, and all the rest is booming in legal markets. If I see a sub 20's print,...

UnknownUnicorn5757714

Acquired competition on 23rd june.

qwerty123asd

Falling wedge breakout

TizTrader

Based on Elliott waves

Jas-on Pro+

Cup and handle forming on the weekly, heading up towards the pivot point for a breakout.

Remind

MJ stocks has been hit hard and it's killing the high of cannabis investors. However it is due for a pullback on the upside. We have a falling wedge and the price has dropped down to a major support.

Swiss_Stock_Picker

Second share of the week: Canopy Growth Right now, the cannabis industry is under extreme pressure. Firstly, due to the Corona-related closures, which have further reduced revenues. In addition, legalization is moving forward, but not as quickly as investors would like. WEED has lost almost 50% of the yearly high and shows a bearish tendency. Should investors...

Seriouz

Wait for confirmation, of course :)

SMART_MONEY_MARK Premium

Let's go higher after the drop. It seems like a good opportunity to enter for LONG HOLDERS. ENTRY LEVELS LONG: $48.77 $44.30 $34.87 STRONG BUY

LeLaf Premium

Bullish Pennant, awaiting confirmation Pros: Descending volume during formation Volume at break out Golden cross in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 10 200MA ascending 250RSI above 50 PT = 83.74$

Neslos

sell than long

Seriouz

Canopy is retracing downward to find support. This is too textbook not to hypothesize about. I just had to do it, too many things are aligned. 1. We can see the market structure (and respect) in the demand zone. (i.e. arrows) Support & Resistance. 2. There is also alignment with 1.0 and 1.618 Fibonacci extensions. 3. This is all respected with a bullish and...