CGC MONTHLY TRENDLINE BROKEN “Cannabis Stocks to Explode” by Awaken Soul🖤 #investor #investing #cannabis #weed #cannabisstocks #weedstock #weednews ACB CGC TLRY #stockmarketLongby awakensoul_3696
Beast ripper... CANOPY GROWTH3.618 in log scale, not every day that we see these. If retracement levels of wave 4 are respected and we form another impulsive wave (5)... Retrace should be bought to long this one because we might be seeing a potential reversal on a macro scale.by PK_SEND_IT2
CGC - Blink And You Missed ItPerhaps the most dangerous market other than crypto has seen some roaring moves with the leader CGC up an enormous 82% today. The herd will be FOMOing and will likely get trapped but we're going to wait and see if a tidy pull back at a significant liquidity landmark will come to us. RSI up to 90 and hitting the 200 day MA it is unlikely this trend will have much left from here before a pull back. We're already long TLRY but suddenly it would appear that CGC could be No.1. There could be enormous moves in the pipeline... Not advice.Longby dRends35Updated 14
Cannabis Stocks - CGCCannabis stocks are smoking hot right now with CGC clocking up almost +400% in a matter of days ... This comes after a long protracted "downer" from all-time highs in the 50's Price has now hit up against the down sloping 200dma, perhaps some consolidation before breaking through to new highs? $2.13 is next major resistance which if broken could see the stock run back to next target of $3.22.by Trader-Dan2
Long CGCTrade open with a stop loss to the downside in case it does not pan out. Not wanting to hold while this goes sideways. Even given its past track record, it is very undervalued and primed for a short squeeze that would boost it to $1.00+Longby MysteriousPersian6
CGC bounce back? Its either a dead cat or a legit bounce back. Technically the sl would be the low of the week for me. Longby EaMon_AeMon0
CGC, price and volume action with an Alpha candleToday CGC is making a come back. Long, stop loss 0.44Longby findalphas220
Cannabis Comeback?Cannabis stocks are rallying on news that the HHS has recommended the DEA reschedule cannabis to schedule 3. This would significantly improve financials for cannabis companies because it will allow them to begin deducting business expenses from their taxes, which has been a major hurdle for cannabis companies to reach profitability. It would also encourage more lenders to enter the market, lowering interest rates for cannabis companies which have been subjected to some of the highest interest rates in the country. On top of the news, we have nice bullish momentum divergences and price action which is indicative of a potential bottom forming. Assuming the move towards rescheduling, banking, and eventually full federal legalization continues, it is possible that these are extremely discounted prices for most cannabis stocks long-term. In the following months, we could see a major retracement of the cannabis bear market and in the longer-term some of these stocks could return to their all-time highs, as cannabis is likely to become a much bigger industry when it is fully federally and eventually globally legalized, and these companies will see significantly improved margins with lower taxes, lower interest rates, and the opening of interstate and international trade.Longby Intuit5
breakout I have been waiting forBreakthrough confirmation on insane volume. Looking to pump well beyond the 1$ region. Despite cray money mismanagement, CGC is definitely undervalued currently and in the short term there could be some strong volatility upwards. Longby MysteriousPersian5
Canopy Growth: C'mon, Do Something 👉The price of Canopy Growth is currently relatively flat. However, we believe a significant setback is needed to complete the white wave II in the turquoise target zone between CAD 0.430 and CAD 0.265, as expected. Only then should a significant move higher occur in the form of the turquoise wave 1, which should extend to around CAD 1.20. Alternatively, we see a 47% probability that the price is already in this wave. This scenario would occur if the price breaks the resistance at $0.8000 without reaching our target zoneLongby MarketIntel6
Tick tockRelentless selling for months. Price has now started levelling off and forming a bottom. RSI off the floor and hovering nicely. Room to run from here. Lots of shorts for rocket fuel. BBs narrowing so a good squeeze is due. Longby Gorillacramp331
(CGC) - Daily Bull AB=CDPrice has collapse in a unusually orderly manner; staying within a six month long channel. A Bull AB=CD has printed. A more conservative stop can be used. I chose a 5:1 to compensate for the risk of this pig going under. If speculators lose their minds over this sector again, a move to target 1 may occur. DYDDLongby moleman3403310
finally CGC/WEED is a buyFrom a Technical standpoint, there looks to be a significant traceback now. Large volume signaling short covering and a renewed interest in this stock now that it has reached somewhat fair value. Of course, be weary trading this stock as it is possible it is also worth nothing. But considering STZ still has its sizeable share, i see this stock bouncing up a bit before it possibly fizzles out for good. Longby MysteriousPersian228
BUY CGC Two and a half years waiting I am back in CGC. Looking for a swing trade 2-6 wks 30-100%Longby KML6Updated 8817
CGC: Game Over!!CGC broke through the wave 2 invalidation level of $1.01 to an all-time low. This can become a waterfall to another 50% decline very soon. However, RSI is showing positive divergence in all higher timeframes. At this point the previous cycle is over and a new cycle is about to start or it's going to 0. I'll check back in a year or so, to see if the company is still alive. I took a small position at $1.01. I will get rid of it on the next spike up.by mukit13
Smoke Time? (GCG)The 15 minute chart may have printed an impulsive move upward. The new invalidation would be about $1.05 from this recent correction. With a close of $1.07 we could get some clarity soon if this reversal plays out. The bull case needs to see a $1.37 touch while the bears will expect to push back to $1.00 and below. by stuartbaker1
Weed Speculation Story Continues (CGC)This speculation case for CGC continues. Could we see a bankruptcy followed by a penny stock? It is not out of the question but right now a slight bullish divergence has occurred on some technical indicators so it was worth taking a guess at some potential upside targets. It has held the $1.00 on this never-ending sell off but with some headlines and an earnings report approaching we could get an increase in volume. nearest upside potential = $2.17 / 100% return stop loss = $1.00 / $0.10 areas of interest around $3.75 / $5.50 / $8.50Longby stuartbaker0
CGC: Starting something big or the last gasp?The Friday spike is curious. It has broken out of the balance area that the bottoming process was putting in for the last week or so, but there is going be huge resistance at about $1.18. The problem is from Elliott Wave perspective, there is no more room to go down. The low came in at $1.02 and invalidation is at $1.01. So, it is either a start of something serious crazy in the upcoming months or this is the last gasp before the downtrend continues eventually to 0...want to see a five waves up and a three waves down to get a feel for what's next.by mukit1440
END OR BEGINNING?A large correction may be ending. Will we have a reversal or a penny stock? Is Elliot Wave Theory useful here? Did we experience a bubble or a 100% correction? Is a bullish divergence appearing on MACD/RSI? What a strange speculation story here. Disclosure: I just went long here to what is basically a lottery ticket.Longby stuartbaker441
A CASE FOR TECHNICAL ANALYSISHello, Over time, we have been challenged to prove wetherit is possible to make money through technical trading. Here is a short strory about Paul who was able to exactly demonstrate that. One example of a technical stock trader who rose from rags to riches is Paul Tudor Jones. He started his career in the 1970s as a clerk on the trading floor, but he quickly learned technical analysis and began trading futures contracts. Through his use of technical indicators and chart patterns, he was able to make successful trades and eventually started his own hedge fund, Tudor Investment Corporation. Jones' success as a technical trader allowed him to amass a fortune, and he is now considered one of the most successful traders in history. LIFE JOURNEY Paul Tudor Jones was born in Memphis, Tennessee, in 1954. His father was a cotton broker, and Jones was exposed to the world of trading from a young age. He went to the University of Virginia and studied economics, but he was more interested in the markets than in academia. After graduation, he got a job as a clerk on the trading floor of the New York Cotton Exchange. Jones quickly realized that he wanted to become a trader, but he had no capital to invest. So he borrowed money from friends and family and began trading futures contracts. He was a quick learner and started using technical analysis to identify trading opportunities. Technical analysis involves analysing market data such as price and volume to identify trends and patterns, and Jones became a master of this approach. In 1980, Jones started his own hedge fund, Tudor Investment Corporation, with just HKEX:30 ,000. He continued to use technical analysis to make successful trades, and his fund grew rapidly. In 1987, he made a fortune by correctly predicting the stock market crash and profiting from it. By the end of the year, his fund was up 200%, and he had become a legend in the trading world. Jones continued to refine his trading strategies over the years, and he was one of the early adopters of computerized trading systems. He also became a prominent philanthropist, donating millions of dollars to charitable causes. Today, Jones is worth an estimated $6.4 billion, and his hedge fund is one of the largest and most successful in the world. Technical analysis works but you must become good at it to make money. Good luck & all the best in your journeyEducationby thesharkke2
Canopy Growth Looks interesting for a bounceWEED been having a rough go. Now looking very oversold. A high volume of daily red candles ending with a green candle for the trading week. Possible 15% + bounce at these levels.Longby ECT872
CGC LongCGC appears to be in a broadening formation and if it plays out could see lows around $1.90 and highs over $5.00 by June.Longby JAGTTMALUpdated 111
CGC | Time to Get High Again | LONGCanopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada.Longby DivergenceSeeker5