CANOPY GROWTH CORPORATION

TSX

WEED

03:33

fraschetti.fred

let me know your thoughts,, big long term sector most probably but not yet ready to jump in,, what you guys think, Rick

ScotianBot

It appears as though Canopy may have pulled a fake out to the downside on an ascending triangle I have outlined in dark blue. In my previous post I mentioned how the RSI has seen bullish support when approaching the green arrows pointing side ways to the right, where I had a question mark in my previous post is now a green arrow coinciding with the others....

kerkacem

up trend

ScotianBot

Canopy appears to have broken the base line of support of a micro Head & Shoulders, the blue line is where I have the base of support for the pattern. The RSI is starting to creep into an area where WEED has seen support, the green arrows pointing to the right is what I am referring too.

kerkacem

up channel

cc13129

WEED June 29 5th Wave to $24.30?- Newbie drawing.

MysteriousPersian

The cannabis bear market is not over. Looking for a normal continuation with one last capitulation bringing the price back to the 10$ region. This is still well within the realms of possibility given the scope of this bubble. The strong companies that will survive will most likely see a recovery and return to normal going into early-mid 2021 and will continue to...

watchmebacon

Weed (Canopy Growth Corp) uptrend with resistance at 29.93

x45lu

Hello Traders, Weed is forming classic bull-flag setup ready to fill in $25 gap. Hourly 100MA is around $24.80, which may act as resistance. Weed is fundamentally very strong company with quick ratio over 5 and this stock will be a good long term hold.

franklincapital

Canopy Growth will announce earnings on Friday this week. The market has priced in a good earnings call....but has it priced in a GREAT one......? We shall see..........

Neslos

long

zer0trade

Canopy Growth Corporation long-term long

BEARYBULLY

GLHF, stay inside and trade at your own risk!

Steve666

A Cup and Handle pattern is forming. Still range bound but a solid break of the dopped line should produce a couple of dollars profit. S.

BEARYBULLY

Hmm.. glhf fun.. I'll pass, trade at your own risk..

ScotianBot

Potentially a Ascending Triangle as well, but we haven't seen a retest of the blue upward sloping support, instead Canopy has created a series of higher lows forming an inverted head & shoulders, next week will confirm the trend. An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but...

ScotianBot

What Does The Death Cross Tell You? The death cross occurs when a short-term moving average (typically 50-day SMA) crosses over a major long-term moving average (typically 200-day SMA) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The opposite of the death cross occurs with the appearance of the...

ScotianBot

Or possibly a descending triangle, but the 200 day MA has held since roughly March 18th 2020, building a nice stair-case like pattern.