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CANOPY GROWTH CORPORATION

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WEED trade ideas

WEED RallyI am expecting WEED to break out above the line of Resistance at 44.00 break and retest of the all time highs is expected. The 50 day should be the support here and I would be comfortable buying around the 50. Rumor around town is canopy will be taken over by constellation brands. I think about of people will be buying the rumor and selling the news. my target price is $56 and change like always this stuff changes daily with this sector what I think today may not be what I think next week. happy trading
TSX:WEEDLong
by derekh42
4
2025 LONG TERM Buy and holThis is your time to get into this new industry, Medical Cannibis has been a major player in the health industry over the past few years. this has allowed big companies like Canopy, Aurora and Aphria to get situatied perfectly to take over once recreational cannibis is legalized in Canada on October 17th 2018. Canopy is projected to control almost 40% of the market come october 17th. With there recent Stock split approval this is going to bring the share price down and make it more affordable for the smaller traders. This will create more volume and allow this the stock price to increase at a faster pace. As multiple states in the US are starting to legalize recreational cannibis this company is perfeclty situated to supply all the demand world wide. this will be a 75 Billion dollar industry by year 2025. Aurora is going to be there biggest competition as they both continue to grow and try to take the biggest market share. They are both good buys I think WEED will contiune in an upwared wedge pattern for many years to come. I plan on buying the dips and increaseing my postion size for the next few years to come.
TSX:WEEDLong
by fraserchristiaans
WEED, Canopy Growth Corp, TSX. The Big 100 Idea!?Keeping it simple. I personally am a bounce chaser, but occasionally like to post these long term goal charts. I drew a long term 2 year wedge, that leads right into 2021. This is a long time to draw a wedge for waiting for it to play out, as there will be many factors contributing to the ups and downs of this one. We have some sell signals on the weekly, which could destroy this wedge really fast, which may seem more practical. The momentum is still bullish but starting to taper off into a possible couple month sell off to the bottom of the wedge. This chart is for fun and perspective. Happy trading, debating and speculating!
TSX:WEED
by ToddGreen
WEED at channel bottom. Watch for the bounce. Weed is at the trend/value channel bottom. I will be watching for a strong rejection and trend pivot this week. And then a signal to start building my position again. My thoughts: This week may be the beginning of the climb to Nov Sell off. (November is typically profit-taking month). Many investors and traders may agree that weed is on now sale, and buy buy buy. These past few weeks surprised me how hard the sell-off was. I was expecting something, but then it became a panic sell-off. Silly Market.
TSX:WEEDLong
by 4XRandalll
6
$WEED - searching for the bottom. #potstocksVery few catalysts. Current federal government unfriendly to private sector and have recently announced plans for additional taxes on cannabis production revenues. Provinces are also piling on additional taxes of their own. Regulators seem focused on tax grab as provincial and federal governments face mounting public criticism of large accumulation of debt. Federal (and some provincial) elections are in 2019. Licensed producers can only sell recreational cannabis to provincial governments, who control the distribution, and set the price. LP’s will see higher margins on medical sales and exports. The game is rigged, and the house always wins. It’s the investors who have financed the creation of Canada’s entire cannabis production system who are to sacrifice returns so the government can undercut the black market enough to take their share. And so is life. Shorts are currently completely in control. Rebound is expected in the fall as we approach October. Currently own 1 share @ 4.00. No short position.
TSX:WEED
by Alamento
2
WEED analysis pre-week. UPDATEWelcome to my analysis.. I have done an analysis before for WEED. I am doing an update now for this week. . on to the good stuff: Fundamentals: Ok guys. I just read a couple of articles that was recently shown here in tradingview... they bear FUD-ing news. It's stating that Canadian cannabis companies are not a good investment. Let's see how the traders will view that and observe the market onto the next few days. Technicals: The candle's lower wick from July 13th grazes the 50 SMA. This is the first time it touches the 50 MA ever since its bull run from May 11th. The stock taking a breather or will it go down? Based on historicals, we can see that the 100 SMA acts as a major support. It has not touched the 200 SMA. With volume starting to pick up again, we can either see it bounce off the 50 SMA or go through and bounce off the 100 SMA. Regardless of what happens, this is a good opportunity to go short. All moving averages are on a bullish momentum, so if you were to short, pay very close attention to the hourly/30 mins charts. It's always faster to short than to long. My personal trading experience: For myself, I will wait for a confirmation reversal candle on the 50 SMA(34-35 dollars) or 100 SMA(30-32 dollars). That's when I will buy. The most optimal price point to buy is when it hits the 100 SMA and reverses back up. Personally, I do not see this melting down to the 200 SMA because of the legalization of Marijuana this coming October. This company is just too strong. Stay patient guys. I am the Night Stalker. I stalk these charts.. day and night.
TSX:WEEDShort
by balanar_NS
7