CANOPY GROWTH CORPORATION

TSX

WEED

Hard time for the POT stock these days. Looks like TSX:HEXO is in a sideway formation for now with a bearish 50D and 200D WMA. Potential next bottom at around 4$ if it goes below it's support... Note that TSX:WEED already reach this JUL18, AUG18 bottom with shitty Earnings... So... I'm not expecting much from HEXO.

My overall outlook for Cannabis remains bearish since the market haven't given any reasons or indicator that it is going back up. However, Bruce Linton himself, the former CEO of Canopy, recently purchased more stocks. This could only mean that the confidence for this company is still running strong despite the recent changes to the company direction. Will...

Did Canopy create a double top, or is the stock going to create a Macro higher low & stick in a bottom tmrw or sometime right away next week?? If Canopy doesn't take control of the market tmrw with some big news to offset the market sentiment than don't look down, in my humble opinion which is only worth a grain of sea salt from...…. Time will tell per usual.

Oh well, were definitely expecting more energy from around here but now it seems to be that the support that has been holding the price on right course since December '17, is lost. This channel where the price bounced a tiny bit right now has also been tested few times earlier. Not looking that impressive here, for me at least. If this channel is lost, we may see...

We are high with a Bullish Cypher. :D We might get a Qml after that Bullish move, making the second leg.

in weekly chart the price is leaning on the positive trend line with a hidden bullish divergence on RSI

If it's above the candle before

Well, there was the bounce. Filled with hopium I was imagining couple of lines higher move from here. We'll see if there's energy for that as we get closer to this crucial trend line, elseway we could see much cheaper stocks to buy soon.

Support did what the support were suppose to. Many levels to break ahead. Things probably start to get interesting around 51-55 CAD where this bounce hopefully takes us.

This is the place to bounce for $CGC or else a drop lower where there is very tempting area waiting for loading up the $WEED bags

fib wedge work great on canopy. 49.85 would be a great entry point to add shares this week. long term support at 36 n change. lets hope this trend line doesn't break. cannabis sector looking week. follow hmmj.

Disclaimer - first time applying EW and I barely know what I'm doing.

Canadian cannabis market is still in the process of sorting itself out between Legal and Blackmarket cannabis. New challenges ahead if the Cannabis sector do decided to produce products such as edibles and beverages which will also incur additional cost to process. Given the circumstance that Cannabis industry is in, many recreational smoker now have the...

After recent press, looking bearish and needs to hold the level and range or it could be ugly. Interesting to see how it reacts here.

Bullish to me

Very bearish chart - no reason to catch the falling knife and buy until something confirms. Weekly MACD turning negative and already below the signal is confirming this down move. No catalyst yet - I'll need at least a break of the recent weekly downtrend. Meanwhile, negative divergence on the MACD and DMI will weigh on it.

Negative divergence on the MACD and DMI dating back a few months. Weekly still looks bearish & Waiting to see if we can get daily charts and technicals to turn back up.