Hey Trader Buddies! Looks like a potential Inverse Head and Shoulder's Pattern is forming. If it pans out CGC will dip back into the upper 40's and give some upside back to mid 50's.
9.5.18 - Going long since July 17. Hoping Jan 10 18 and Jun 22 18 provide a support structure into the end of the month or early October. Today's low of $48ish gives me confidence that I can scope some more shares up between $45 and $36. Still need to keep in mind hype bulls, $76 evaluation from Cowen, post Oct 17 sell offs, and Constellation's potential 51%...
Due to the size of the red body today it's not quite a "Falling Three." Maybe we can call it "A Slightly Falling Three with Bearish Mini Hammer?" No? Yes? Regardless, almost the entire body is lower than the first candle stick in this 5 day pattern. HOWEVER....the close on this little guy is higher than day 2 and almost as high as day 3. Normally, I would wait for...
9.5.18 - Going long since July 17. Hoping Jan 10 18 and Jun 22 18 provide a support structure into the end of the month or early October. Today's low of $48ish gives me confidence that I can scope some more shares up between $45 and $36. Still need to keep in mind fundamentals: hype bulls, $76 evaluation from Cowen, post Oct 17 sell offs, and Constellation's...
