CGC Formed a Bullflag
Updated
Coming off an 8 month bear market, cannabis appears to be making a comeback... The overall reversal adds to the likelihood that the current bullflag will push prices higher... A position started here could have a stop loss placed at $22.50 (this level would negate the flag). Short term target could be placed at the closest resistance, long term target could be much higher...
Thanks for checking out my idea! I encourage constructive criticisms!
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Thanks for checking out my idea! I encourage constructive criticisms!
Be sure to LIKE and FOLLOW
Note
Getting close to the stop loss zone. Still bullish long term but looks like now may not be the turning point.
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