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Canopygrowth

Canopy Growth Corporation WEED.TO descending triangle bullish brWEED is looking pretty gooid, setting up for a descending triangle formation ready for a breakout really soon. Wait for confirmation of a breakout for entry, somewhere bewtween Fib .236 and 0. Set stop-loss a little bit below entry. I'm expecting more resistance around the 0.618 (32.03) and 32.53. Take profits below each resistance. Target 32.97
TSX:WEED
by retrorecall
Still in the triangle, rejected at the 50MA.As we successfully came back into the triangle, but got rejected below the downward trend line, respecting the 50 day moving average as resistance. It has now re-traced back to the 61.8% Fibonacci line, where it sits with indecision as I write this. There is some light support that is now holding us, but it won't take much volume in the wrong direction to see a re-test of the 200 day moving average, where it we can see some more serious support. Thanks for viewing my charts!
TSX:WEED
by BTCanadian
112233445566778899
…999999

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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