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CGC: Another Cannabis Company With a Huge Profit Potential$CGC - Canopy Growth is another Cannabis company that I really like and this is almost the same in size and in performance as Tilray (TLRY). Actually the price tested the low and we have a potential double bottom here with a very good profit potential. The price has been in the actual price levels in March-20 and November-17. So this is a clue that it should move higher. In my personal opinion this stock is undervalued because all the market is waiting for the Congress to legalize cannabis in all the countries. From the other side the Cannabis industry should increase very fast once the it will legalized as the U.S market is very huge. So Let's see. Only Time Will Tell The Truth. Thank you and Good Luck! You may also like TLRY:
NASDAQ:CGCLong
by KlejdiCuni
18
Canopy Growth Corp - General Cannabis RunHey looks like CGC, TLRY, ACB and the WEED etf's are starting their general cannabis run. Canopy has come down to it's lows and might be looking to takeoff here, rsi weekly is starting to inflect and macd is crossing over this could run for a long time several months possibly back to 50$ area. Lower time frames are overbought so might see some red to start the week next week. A buy price of 13.00$ would't be too bad. Also check out EDEN.CN on the Canadian Securities Exchange: Eden Empire is a new player in the cannabis space in Canada and the U.S, they are starting grow operations and have chain of dispensaries and are growing and expanding fast! Other's to check out are mentioned above CGC, TLRY, ACB and the WEED etf's. ca.finance.yahoo.com ca.finance.yahoo.com
NASDAQ:CGCLong
by UnknownUnicorn12070690
2
CGC: BullishSome may say the Cannabis Sector is "dead money" however, as a medical cannabis user for several years, I can tell you that the industry is booming. I won't get into all the details on the retail locations and nationwide locations in this article, but I will say the benefits outweigh the risks. For my PTSD cannabis has been phenomenal whether in flower form or consuming chewy edibles I've also seen this work on my young son, who experiences seizures, etc. BACK TO CGC. There are a few hardcore cannabis stock accumulators out there. I remember my days in the OTC stocks before the enormous 'green rush' and all I can say is they were life changing events. I've outlined some targets on the chart posted. I strongly believe a move will be coming to this sector before the end of the year. I cannot say every target will be hit successfully; nevertheless, there is pent up demand and the White House Administration has marijuana in its crosshairs. WHY? Well, someone (or something) will need to pay for these reckless spending bills of debt and we've seen the money flow from just Colorado alone. If nothing else, it doesn't hurt to have a little money wrapped into GCG at this current level 13.82. Even if the stock were to retest the 9 to 10 zone my stance on the current chart and outlook as of today (11-10-2021) does not change, as I find the sector to be at its most optimal point in time to own / invest / trade.
NASDAQ:CGCLong
by bsdvs23
1
CGC ready for trend change?CGC and other marijuana stocks have been smoked for the last 10 months straight. This may be a good entry to dollar cost average (DCA) for at the very least a 100% bounce or a 600% return back to all time highs. It has been trading within a triangle and could find support at current prices but may also go lower to $5-8. I have 2 scenarios on this chart that i think could play out. Low RSI, decreasing volume, and other indicators point to good entry. This is only an idea. (not financial advice) DYOR.
NASDAQ:CGCLong
by H8rH8r
GANN THEORY Strategize UPDATEWanted to post a couple of pictures about editing and cleaning up the strategy and make it more SIMPLE to understand the thought process of behind it. I had to Remove a couple of indicators names CM_SLINGSHOT and DREADBLITZ DRSI from the indicator am replacing these indicators w/ a 100 (p) exponential moving average to filter weather we should go long or short. Adding the Bull vs Bear Power by DGT. setting i have on this indicator is 13 check SUM, histogram, 1 smoothing, 0 recall, drop-down box to LEAST. 'This indicator and the CM_ULTIMATE_RSI MULTI TIME FRAME by Chris Moody works very harmoniously together. The following pictures will explain why. Also the alert can be set on the 70 30 lines of the RSI. this picture shows the BULL vs BEAR POWER telling us the trend so we know what direction we should DIRECT it outwards to 'Project.' based on the Direction of the trend on the Daily we alerts on the 70 30 lines of the RSI. and the 2 GANN-Fib lines ' usually its the .618 and .75 lines. (yes i rename my ALERTS as 70 30 and GANN FIB ALERT) easy tooltip to reference you already know what your looking at when you set something to crossing. i want to be sure to look at the Right thing when i get to the chart. '' focus '' type strategy. example of one of my favorite trades to take with GANN---- its a RISK off (means if it goes the other way you only loosing a small fraction of profit.) But if it goes well like the example it can give 28 risk reward ratio. The second trade that is using the MTF_RSI, support resistance MTF, and BULL vs Bear power in all in sync. this is on a 5min chart sorry for the resolution... but explaining the harmonious sympathy that these indicators make. this is y i rather use the 5min chart with the 15min chart___ look at the that Blue line on the BULL VS BEAR POWER on the 5 min. perfect exit for full profit. If you use the EXIT 'last chance' you would of only had a small gain. To sum this up, I take 2 different types of trades RISK OFF trades with GANN FIBS ___ you will see the S/R lvl to support the move. Then trades off the MTF_RSI after a pullback with conjunction of the BULL VS BEAR. My requirements are longs over 100 ema and shorts under 100 ema and the bull vs bear power has to say STRONG TREND __ADX RISING___ if it says ADX_FALLING then be warned. Thanks for taking the time to read this i really appreciate any feedback.
NASDAQ:CGCEducation
by Mnbrass549