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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