CANOPY GROWTH CORPORATION TSX:​WEED

My short term outlook for Canopy Growth Corporation (TSX:WEED). I believe we are in the midst of a small correction. I see the price bottoming out around the vicinity of $50 before we see a return to the higher upside trend. Going to continue to monitor and purchase shares at the bottom if my analysis holds true.

The similarities I've highlighted here look better on WEED.TO than on CGC because Jan 15th saw the TSX trade but not the US exchanges. That said I'm looking at similarities in the first oversold bounces following the last two all time highs at 44.00 in January and 48.72 in June. Subsequent those bounces we saw a tightening range playing out across more than a ...

We are in wave 5 of Elliot theory. Wait for dropping and buy in lower point (Buy zone 1 and 2) All another analysis in the chart, good luck guys!

This is the perfect head and shoulders pattern . Tomorrow, will likely be your last opportunity to sell, before the daunting descent back to normalized levels. The pattern shown is an exact replica (perfect I may add) of the head and shoulders pattern found in trading. Mind you, with todays close, you will likely see a green day tomorrow, but this will soon be ...

Bad news is the stock crashed towards the end of the day today. Good news, there will be a strong bullish recovery on open tomorrow - Highs ranging from 67.73 - 69.94. Comments made on CNBC mostly to blame for windfall. Similar events in the past have happened and the end result is a strong bullish recovery in the morning. Expect a gap up in the AM.

Broke through previous upward channel, found support on the 0.5 fib, but failed to make a higher high. Bearish divergence on the RSI and Stoch is looking to form a bearish cross. Reversal indicated via heikin ashi as well. Rapid dump indicates this is not a simple bull flag. Volume has also been decreasing during the rebound off the last dip. Expect a retrace to ...

Good morning Traders! The last candle on Sept 14 had a low of 52.8CAD. It landed right on the 61.8% fib tool. This usually signals that the stock has "breathe", and it is ready to continue going up... meaning the bull run is not over yet. WEED's new all-time-high reached 74.45CAD. It is currently sitting at 61.52CAD at the time of writing this idea. Moving ...

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We had the pullbacks as expected. (a nice little short). Now it appears we may have another small pullback forming or more likely, just a consolidation. Then our final push to 80 bucks by Oct 17th./Nov 1st. Then as we enter the November profit taking season I would think we would see a strong pull back to 60 zone. Long term (Months) A solid investment, buy on ...

cgc fib elliot testing

WEED

As WEED is the primary driving force in the sector, its performance is important for everyone else in the cannabis space. Baring any huge news events, some consolidation is likely (but not certain) next week for most cannabis names. My thoughts are outlined above. The cyan lines represent potential price trend and action heading into legalization, but this could ...

We'll probably see a red week next week. Spetember is usually a bearish month for stocks. The good new is that in Oct-Dec stocks perform great.

lets see friday..

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Watching the WEED.TO range from low of Friday to high of today. Today's low bounced right off the golden pocket of the fib pull with swing low as the oversold bounce low, to the high of today. It will be interesting to see if that holds. I'll be remaining very patient as the next couple of days set a tightening range with new levels to play off of. The break ...

short term gains