Weak bounces from Thursday with no followthrough on Friday have us looking back to our recent lows for a support test first thing next week. I find the CGC chart as it stands now looks a lot like the NIO chart did back in early June, and the subsequent basing pattern of consolidation is all I expect for the sector after the eventual bounce does play out.
We all no a bounce is coming but we can be patient trying to play it.
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.