Hello guys,
according to my Elliot wave count,
we could already now have seen the end of the bigger wave 2 which is essential to correct our 5 wave impulse in wave 1.
The structure that we have seen in this correction looks like a ABC correction to me with an overshooting B Wave. This means that the C wave is right now finishing and we should sooner than later...
CGC fell in a standard Fibonacci retracement of 3 week trend up from Mid-March. News of
an application to issue a new class of shares may as well be considered a dilution of current
shareholders. CGC is 5 days away from National MJ Day of the 20th. I expect a further
pullback into the 0.618 level given the fundamental news but CGC could rally on trader...
CGC
Something appears to be brewing in weed stocks currently and Canopy is leading with another pump today - up 16%.
Does this looks similar to what we've seen before in crypto stocks GALA and VXV ?
Notice that off the bear market we get a ripping pump...
Then a collapse down makes a lower low and threatens another wave down.
But then a sudden recovery prints...
I have plotted a large Bull Bat pattern that merely yielded a natural harmonic reaction. News of a reverse split and a dilution deal with the enemy have caused the move to new all-time lows. Despite this, the large Bull Bat pattern is still in play. Note the Bull Shark(blue), Bull 0.618AB=CD(pink) and Bull AB=CD(teal). The natural levels found within each distinct...
I think it may be the moment to actually put some money in it.
3 years of downtrend, US legalization is shaping up and i believe we may see some serious moves here.
After a long and exhausting bear market, cannabis stocks are back in investors' focus. Stocks like Canopy Growth are booming. A gold rush atmosphere is emerging, reminiscent of the early years of Bitcoin and other cryptocurrencies. Are we seeing perpetual green candles or rather dense, stifling fog? As always in trading, it's about controlling risk. And here, we...
NFA, DYOR 7/8/23
Showed up on my TV Filter this morning; appears to be at the 1.272 or 2.618 Fib Extension (depending upon your perspective) with indicators showing a probable reversal.
Timeframe: MONTHLY Candles
Patterns: Cyphers (Completed & Expected) as marked
Channels: See shading
Expected Path: See green line from 2024-2028
Enjoy every sandwich along the way!
Germany's Federal Council has given the green light to a bill legalizing recreational cannabis for personal use, marking a significant shift in drug policy within the European nation. Despite facing criticism and opposition, the legislation, passed by the Bundestag earlier, paves the way for individuals to possess and cultivate cannabis starting April 1, albeit...
In a groundbreaking development for the global cannabis industry, Germany's decision to legalize cannabis marks a significant turning point, paving the way for increased access and growth opportunities. Canopy Growth Corporation (Nasdaq: NASDAQ:CGC ), a leading player in the cannabis sector, stands poised to capitalize on this historic moment, positioning itself...
Canopy Growth Corporation: Navigating Market Challenges and Strategic Goals
Canopy Growth Corporation, a prominent player in the cannabis industry, has been a focal point for investors seeking exposure to the rapidly expanding market for legal marijuana products. As one of the largest cannabis producers globally, Canopy Growth has garnered attention for its...
We have a missed level of liquidity, absoloutely we see come back price and touch 133.07
now: 5.03 !!
profit: +2545.53% !!
Warning, money manage
when go to 133.07?
write DM for me.
NASDAQ:CGC (Canopy Growth Corp)
CGC is lowkey trying to cook something based on the recent price action this past 6 weeks. Net positive volume / accumulation has almost doubled this past few days, from 35M to 61m and continuing to rise.
Last QTR earnings (August 9, 2023) has aided the significant price recovery - propelling earnings to green territory to 60.3%...
CGC: Watching For A Bullish Move
CGC / Canopy Growth Corporation (Cannabis)
The cannabis sector didn't perform well during the last two years.
However, it is worth taking the chances when we see good trading opportunities despite the bad performance it is showing for mid-term trading.
From the chart, we can see that the price rose several times from the same...
cannabis stocks in 2024 have been showing remarkable potential and resilience, reflecting a burgeoning industry with promising prospects. The landscape continues to evolve, presenting exciting opportunities for growth and innovation. With increasing legalization, expanding markets, and advancing technology, the future looks incredibly bright for those investing in...
Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and...
