Long
CGC Daily Review
1/21/2020
Price is consolidating from the bull flag that was created on 1/13.
The three previous bull flags consolidated for 10, 14, 7 days (respectively) before continuation. CGC is currently on day 3 (Canadian ticker
WEED is on day 4, due the holiday on Monday)
One can be long against the $23.60 zone, but price can fall down to the $20.14 level before invalidating the Bull Thesis. Hourly closes below $23.60 will be the first warning signal that lower prices are coming.
No Guessing!
Price is consolidating from the bull flag that was created on 1/13.
The three previous bull flags consolidated for 10, 14, 7 days (respectively) before continuation. CGC is currently on day 3 (Canadian ticker
WEED is on day 4, due the holiday on Monday)One can be long against the $23.60 zone, but price can fall down to the $20.14 level before invalidating the Bull Thesis. Hourly closes below $23.60 will be the first warning signal that lower prices are coming.
No Guessing!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.