WEED trade ideas
CGC Canopy Growth - Green Gold follows in Precious Gold pathGreen Gold vs Yellow Gold. A reversal here is predicted and the upside still has massive potential.
Will Canopy Growth (TSX:WEED) Give Us an Early Christmas Gift?Like many stocks on the TSX, Canopy Growth Corporation has had a choppy November. The wild swings make for some very fun trading, but quite a bit of risk if you're not interested in holding bags.
Here are four trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks:
Trade #1 - 40% gain in 8 days
Trade #2 - 2.5% gain in 30 minutes (!)
Trade #3 - 8.5% gain in 20 hours (!)
Trade #4 - ... where will we end up?
Although 50% in gains in 3 trades is already a solid November... where will trade #4 take us?
For me, I'm all for setting a tight stop loss on this one. No looser than -5% should keep us safe for any immediate swings.
What do you think?
Interested in the AllTradeSignals Volume Pressure Gauge ? Get in touch with us here on TradingView!
WEED / LONG OPPORTUNITY / H1WEED (CANOPY GROWTH CORP)
Trading Bias: Long
Technical Strategy: Double bottom / break of neckline
*waiting for strong bull candle next session*
FIB Channel watch for large support tomorrow AM. guessing the end of the decline today/tomorrow be may see 40 to 41 and change.
LONG ACB.TO, CRON.TO, WEED.TO
Looks like a good week ahead for some of the cannabis Stocks. Stochastic breakout, ADX crossovers, SMA crossovers, and previously counter-attack candlestick pattern.
ACB , CRON , WEED
Weed: potential 2 swing trading opportunitiesHello traders,
If you remember my previous analysis for WEED, I mentioned there were two sell zones before the legalization of WEED in Canada, I am hoping that everyone made sizable profit :)
Looking at daily chart, we see that WEED found support around $41.77 and currently hovering around 23.6% fibonacci level. Usually with 46% drop like this, we should see at least 38.2% -61.8% retracement.
Therefore, if I see WEED goes above $50.11, I am looking to short at $55.28 , $59.45 , and $63.62 depending on your swing trade strategy.
However, in case WEED reject %50.11 next support is $33.89 and this will attract a lot of buyer.
Happy trading!
another bear flag possiblyfor reference. If there is hesitation in breakout or near top trendline, could be good short opportunity. A strong breakout might go and test 60$ but momentum still favors downside.
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
