Short
CGC Short target is $38
I bought a Vertical Put Spread at $200
Spread is exp May 17 Strike 42.5/37.5
max profit is $300 if exp below $37.5
CGC has been fading as it drags lower due to investors being torn between ACB and CGC.
Symmetrical triangle didn't work out as there was 3-4 false breakouts which moved it lower in the end through 60 support.
This is a support/resistance trade.
This is a paper trade.
Spread is exp May 17 Strike 42.5/37.5
max profit is $300 if exp below $37.5
CGC has been fading as it drags lower due to investors being torn between ACB and CGC.
Symmetrical triangle didn't work out as there was 3-4 false breakouts which moved it lower in the end through 60 support.
This is a support/resistance trade.
This is a paper trade.
Trade closed: target reached
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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.