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CANOPY GROWTH CORPORATION
Short

WEED Going Down

By green_brow
Broke through previous upward channel, found support on the 0.5 fib, but failed to make a higher high. Bearish divergence on the RSI and Stoch is looking to form a bearish cross. Reversal indicated via heikin ashi as well. Rapid dump indicates this is not a simple bull flag. Volume has also been decreasing during the rebound off the last dip. Expect a retrace to at least the 0.5 fib. Likely will find support around the 100 Day SMA as it has done previously.

My opinion not financial advice
Bearish PatternscanopygrowthChart PatternsDivergenceTechnical IndicatorsRelative Strength Index (RSI)shortTrend Analysisweed
green_brow

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