LONG CGC- Watch EWO go above yellow (4 wave) - Watch SPEED FIB RESISTANCE - Stop 23 - Target 30 - Possible Entry 25.5+Longby edgartrader1396Updated 1
$CGC - engulfing green candleGot in before the last gap up, may add more now. This looks strong. Weed stocks may be the obvious call for 2021, but damn it may be a great call. This green candle taking out the past two days. #BULLISHby CCInvesting3
CGC BULL FLAG. $34 IncomingI'm hopping in call debit spreads a month out, $35 / $40Longby JerseyStig0
$CGC Canopy Growth Chart Analysis CGC - The professional gap up held last week, which is a bullish sign, volume was low on down days, If the gap gets tested again on a red open, I will be looking to catch reversal. trendline break would be very significant and open up the chart to a move towards $40. Longby Bullishcharts2221
CGC - January 10, 2021CGC - Canopy Growth Corp is the largest and leading cannabis producer in the space. Although they are not profitable nor expected to return a profit until 2024, the outlook for Cannabis companies are strong over the next 4 years as a Democratic house strongly supports the federal legalization of Cannabis. This catalyst will be huge for the marijuana industry and CGC is a leader who stands to benefit. It should be noted that significant risks with this investment include the dependency on legalization, elimination of black markets, as well as significant capital requirements for facility operations and maintenance. Looking for CGC to retest the 32.32 resistance and continue higher following this uptrend to 37.Longby AptitudeFinancialAdvisory0
$CGC - perfect bounce off new supportA little dip today. Unfortunately couldn't add, but I would have. Longby CCInvesting110
Future of WEEDLooking to see the downtrend get broken to confirm an accumulation phase. If accumulation; expecting things to move quickly. by koplesUpdated 2
CGC potential break of 618CGC making another run at the longer term 618 at 30. If price can get and hold above 27.50 then a run to 29.50 is possible. A break of 30 opens up space to 40. Careful as run ups can be sold into sharply, but if it gets going massive upside in this market where understandable themes get bought up heavily.Longby WadeYendallUpdated 4
$CGC Canopy Growth Bullish Targets Sorry I can not go into to much depth for these posts but I have major time constraints . I have included the targets/resistances I will be trading between today Longby Bullishcharts1116
Cup and Handle? CGC WEEDI'm not as experienced as some of you guys but does this look like a bullish cup and handle signal?Longby rageen773
$CGC<>WeedStocks<>ElliotWaveGrandSuperCycle<>WaveOne>LONGAs title suggests this is the longterm elliotwave on CGC to take us to $1300 per share by ~2028. We are currently commencing the wave 3 of the 3 of 3 of 3 of the long term Grand Super Cycle wave 1. We can expect the most impulsive move in the history of CGC, weedstocks, and therefore the World over the next few weeks. Longby thatsblatzphemy559
Possible CGC shortCGC may be breaking out to the downside of this precious upwards channel. It could test 23-24 price range before a possible bounce back up. Long term fundamentally bullish but short term bearish on this one. Shortby swankeUpdated 220
>ElliotWave<>3degreeComplexWXY<>COMPLETE<>ImmediateUpside<>LONGAS the title suggests, we have completed wave 2 of greater wave 3. Expect immediate upside, major impulsive move incoming as wave 3 commences. This correction was 3rd degree (in orange) complex WXY with 2 5 wave moves enclosing another complex WXY (yellow) flat, which itself is another 2, 5 wave moves enclosing another complex WXY (green) flat which itself is made up of a simple ABC zig-zag and a simple ABC flat with a 5 wave down move move to complete. Here is a zoomed out snapshot of the interior wave 3 of the greater wave 1 we are currently in. Longby thatsblatzphemy882
Possible consolidation for WEEDI think we could see more consolidation for the next day after christmas. However, I made a forecast of two scenarios. However I think we have more chance to see more bearish move. by Leroux111
CGcKeep a close eye on 25.77 level. We could get a bounce here, a small run up and a second retest. If we do get a nice double bottom on this area, it could be creating a nice inverse head and shouldersLongby Erictaylor0
Canopy: Buy & Hold: CanadaBy Sun Storm Investment Research A Profit & Solutions Strategy by Sunstorminvest0
CgCCGc got a perfect bounce off of old pattern breakout! This should be pretty damn bullish!! Wow glad I saw this! Could still retest it once more around 25.03 so keep your eyes on this!!! Longby Erictaylor332
CgcIf this 100EMA weekly support can’t good 21.57, the old channel support could be the most bullish buying opportunity. Overall CGC long term looks phenominal Longby Erictaylor331
CgcHad a week td9 red flash and has been correcting hard. I’m watching the RSi for a bounce at 24.03 but overall this could come down to 22$ level. I see an overall inverse head and shoulders forming on the longer time frame and feel this right shoulder is forming Keep a close eye on the 24.03 level which is the 100 weekly EMA support. This could b the slow down point for cgc. I plan to load bags at 21.50$ level, but if we are seeing a round off on weekly rsi on this 24$ level I will change my targetLongby Erictaylor1
CGC Lost Daily MA21Lost the degree. Looking for a correction. Possible bounce at $23.50-$24 zone, then up for a lower high. by Barkworth2
Retracement for WEED ?I think this stock could retrace more before looking for a next up side move... However, if price continue to fall I think the stock could find resistance at my 61% fib retracement and will have trouble to fall lower due to the upside momemtum that we see for this stock and for the majority of the weed sector. If we see price moving in the up to my «green zone» i will look to find a entry for a up side move (Retest /breakout) of the zone. But again, for now, I expected a further down side move. by Leroux3
CGC - Never Looked Macro BullishThose of you that have followed me for a while, know that I am long term bearish CGC for two simple reasons: overvalued and corrective structure. CGC made an ABC off the March lows, which suggests that we should expect at least one more low before a sustainable break higher. We lost the degree for the impulse wave up. We were anticipating a move to the $32-$35 range, but bulls are running out of time and support. We lost the hourly MA50, price action moved outside the bullish channel. There is a chance that wave 5 truncated at $29 resistance. Daily charts show a bounce on MA21. The way I see it, is that losing Friday's low next week (losing the daily MA21) would see continuation to the downside. Either way, as I have clearly shown in previous charts, when this current move reaches its top, I am expecting a retest of at least the $18-$20 range. This assessment is valid for ALL Canadian assets that made an ABC bounce off of March lows. by BarkworthUpdated 226