Low RSI
Bullish divergence on the RSI
Bullish harmonic
Double Bottom
On meaningful (Weekly) support
Invalidated upon meaningful closure below the prior low.
That's it. GLHF 🤝
Talk ab out an underrated buy, canopy growth has been a name in cannabis for years at this point, the downtrend has treated them terrible however it seems like a longer term play. enormous potential one the weed industry takes off in the states. if pelosi is long on this thing its not a bad move since shes the best trader since buffet. would take a close look at...
Purely technical, haven't done fundamental analysis on the sector. Double bottom on Renko + log. Renko for noize reduction and log should also give a nice boost if this probability plays out.
WEED chart on the 3D time frame.
-Weed looking good here, imo. 3D 13/48 MA cross imminent, but 48MA not yet turning up
-Bollinger squeeze in progress, nice channel
-Volume increasing
These are the technicals I look for.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis'...
CGC coming off a big weekly double bottom. Increasing volume and looks like a nice wave 1,2,3 here is a fid extension for targets. I know I know, its a weed stock. But $CGC looks like a long.
Very early to tell and all breakouts at some point look at bit like a double bottom, but this looks a bit like a double bottom.
Been wanting to buy weed stocks since the high and all the way down. I think cannabinoids have many potential benefits and may be an important industry. Just didn't make sense while it was in a speculative bubble and didn't make sense...
Well hello there im jour personal guide for today in how to boktor alles zo in mekaar mjonge . did this with the help of analysis and statistici van die praat we nie
Playing this one. My entry at 3.37
Quick swing trade. removed all indicators for clear view of the plan.
looking at an inverse head and shoulders pattern, target is the horizontal resistance level.
Quick in n out.
As we enter into the next election cycle, the sentiment around the cannabis industry has begun to heat up. Democrats continue to use the alure of weed legalization to win the popular vote. We see this cycle repeating time and time again. What should we expect as we glide into the next 2023-2024 election games? Has the opportunity of a lifetime went unnoticed by...
Hello, from time to time people asked me to chart CGC and until recently i had no strong opinion to give but now i took a closer look and saw a promising setup:
CGC was non stop dropping in the recent months and it looks very oversold already.
Im waiting to buy at green support and sell at red line for an quick 200% gain.
Cannabis stocks were more kind of a meme...
CGC has seen a potential 5 waves move up and a 3 waves move down. RSI on the daily has bounced up from support region. Friday candle looks like a reversal. This chart looks like a good entry opportunity for a potential wave 3 or a wave C move to the upside. A tighter stop loss would be below Friday's low. Or a more flexible one would be below last wave 2 low....
CGC
Daily chart analysis
Smoked.
Like to average down?
Like to blindly buy after a price drop because it’s at a "good price and I'm in it long term”
Like to #HODL ?
This stock is a great example of “what’s low, can go lower”
CGC peaked Sept.’18 when it reached almost 57.00
The uptrend ended, price fell, and went sideways.
Feb.’21 we had a “dead cat...
With a SPX & NDX forming daily hammer/dragonfly doji at their golden pocket ratios, it's time to go dumpster diving into poopy pot stocks. I believe CGC has just finished a running flat correction with hidden bullish divergence on the 1 HR. Looking for a final Wave 5 up to $5 (Fibs) to complete the impulse move. Breaking under $3.17 invalidates wave count.
That...
As I said in my previous post, I exited this position last week on Friday I believe; however, I'm content with the results. The setup was nice, and today has proven that it was a good plan all along. Exit at 3.65 would've been ideal, but sometimes you have to change your plans accordingly.
Big level of interest for Canopy Growth NASDAQ:CGC trying to fill the July 25, 2016 gap from 2.15 to 2.20 —post-bull pennant.
Pot stocks have taken a beating since the 2021 highs (pun intended). They're clearly oversold BUT they're sitting without a catalyst from the Biden administration toward marijuana legalization efforts.
If you're into dumpster...
The deadcat bounce in wave 4 corresponds to the hype in legalization this fall with the mid term election. After that, we will have another leg down to close the gap at around $1.25 USD.
Just my 2 cent.
