CGC : Market Open Tuesday
Going out on a limb here, let me know what you think. I'm expecting to see a gap up in pre-market and continuation into the open. Especially since the price was pinned down at the previous close to burn the premium. Once we get past the initial 15 min algos going at it, I think retail will buy heavy sending the price upward through the remaining resistance levels and hopefully past the ATH. If we get to there we will break through the ATH as the RSI moves high into the oversold range and at this point retail will start to get skittish, volume will start to dry up, then most will sell for profit and we will retrace back down to around 51.98 towards the close. Otherwise it may go down a little.
Disclosure: Don't follow anyone into a trade, especially me as I do not normally know what the hell I'm doing.
Disclosure: Don't follow anyone into a trade, especially me as I do not normally know what the hell I'm doing.
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