another bear flag possiblyfor reference. If there is hesitation in breakout or near top trendline, could be good short opportunity. A strong breakout might go and test 60$ but momentum still favors downside.
CGC trade ideas
Possible bearish pennant on the 15m.This small correction could end with the stock trending lower. It would set the stage for a lower opening tomorrow.
Canopy - oct 30, 2018i want to see $41 touch but probably wont, reverse would push to $47 then reject or break out. fformaing huge H&s daily
S&P500 Recovery will boost run up to earningsThere will be a run up towards WEED earnings, since it's the largest MJ vendor in Canada. This will be compounded with SPY recovery.
Weed - Sitting on 618 fib level, possible 200 DMA targetWeed - Sitting on 618 fib level, possible 200 DMA target by Earnings date Nov 14th. I think it chops here until earnings, then further down side to 200 DMA. Could form bear flag on daily chart in a few more days.
Weed stocks ina pull backIt looks like Canada Weed in a pull back. Possible pull back due to projected shortages by suppliers. Any weed announcements coming out of the US could break this consolidation. Insights ?
WEED/CGC Still looks strongWEED/CGC suffered some heavy profit taking today but held above the consolidation area. Will watch closely how price acts as it pulls back to my buy zone because
I don't think the party is over yet at least not for this name.
Short WEED It looks like its topping out. Most volume price action happened around $11. People are going to start cashing out not its legal in Canada
WEED - Bearish DivergenceDear Traders,
As we can see WEED managed to make a nice run, but as I said yesterday, better not enter because this is a time bomb. And guess what happened. It dropped, and in my opinion it's not ready to go up for some time.
This bearish divergence happens when we have a new high, but RSI shows us a lower high.
It's time for a big retracement people.
Any thoughts ?
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Biggest WEED Crash Coming We are currently falling from the top of the biggest MJ bubble in history. Given the recent sell-off, my educated prediction is a possible outcome in the next week or so.
Long Range Forecast for Canopy Growth Corporation Stocks (WEED)The Canopy Growth Corporation (WEED) stock has been trading at the top of its price channel for many weeks now, will it continue to keep up the strength, or will we see some short term dips in price?
This is my forecast for the next few months.
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WEED legalization day in CanadaWe already a little drop today, a "sell the news effect". If it goes downward more than that, I thing it could drop in the upper limit of my determined golden Pocket, so around 61$. After that, be ready for a nice bull run. Announcements about partnerships with beverage companies and other products should influence this market positively.
WEED - How High Can It Go ?Dear Traders,
Like ACB, WEED had a great run yesterday and a lot of traders have been able to make good gains!
The question everyone is asking now is, how far will this go ???
Well that's a pretty difficult question o answer because this stock could retrace any time, but it could also pop up another 5% before starting a retracement.
My trading strategy here will be to wait out the sprint, it's too late to enter again in my opinion. I don't want to be left with a huge bag bought way too high.
One the Cannabis stock have retraced i'll load up my bags with a lot of shares.
Any Thoughts ?
