CGC is ready for a good 100% move.CGC at strong support longed a good amount.
CGC strong support zone 12-13$ expecting a target of $16-$20
WEED trade ideas
Canopy Growth Corp - General Cannabis RunHey looks like CGC, TLRY, ACB and the WEED etf's are starting their general cannabis run. Canopy has come down to it's lows and might be looking to takeoff here, rsi weekly is starting to inflect and macd is crossing over this could run for a long time several months possibly back to 50$ 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
$CGC looking for a continuation w/ all this weed momo Weed stocks are heating up, expecting momentum to carry into this week. $CGC and $TLRY are my favorite weed plays as far as price action, they seem to make the most violent moves. Side note - $CGC weekly chart has the beautiful MACD cross and RSI is approaching bull territory. Will be buying an ounce of weed for every PT hit.
$CGC Revisiting The Bat PCZ For a Second Time.CGC had a bullish setup in this area before why not try and go for it again and potentially fill the wick that we created during the last run?
We have bullish Divergence on both the MACD and RSI suggesting that we may get a bounce from this zone again and this time we may even go higher than the last time.
Check out the related idea section if curious as to what conditions CGC was under just before the last bearish reversal.
CGC LongTrendline break
Demand Zone confirmation
Entry 13.7
Stop 10.9
Target 25
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
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.
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 $5-8. I have 2 scenarios on this chart that i think could play out. Low RSI, decreasing volume, and other indicators point to good entry. This is only an idea. (not financial advice) DYOR.
CGCReaction to earnings dropped it below trendline support, but still a good weed stock play. Looking for a rebound here!
CGC in an extremely tight wedge ahead of earningsCGC being held down for a long time. The pattern is likely to repeat itself. Potentially nice opportunity.
#CGC could rise to 25$clair Key-Level Zone between 13-14
RSI & MACD look good
and Risk/Reward Ratio is big
Finally got a buy signal on CGCCannabis has been hammered this year, is this is the start of a longer trend?
I decided to buy a little yesterday, lets see.
CGCCGC is a random company lets see what happens. CGC is a random company lets see what happens. CGC is a random company lets see what happens.
Great buying opportunity yesterday's break through was the first sign of support. Crossing $14.5 will be the second, until then it is in the buy zone with a stop loss at $12.8
Anything below $13.15 is a great target buy.
Looking at a 50% return here with how volatile this stock is....
CGC reversal??CGC looks ready to pop. RSI curling up and price action indicates that this is the bottom. Call options are super cheap so I added a small position in anticipation of break above trendline.
CGC Dead Cat BounceCGC looking very interesting holding $13 with next levels down at $11 and the March 2020 low of $9.
Expecting it to flush down out of the wedge to $11, not sure if it reaches $9.
Have starter positions and would really like to sell naked puts and buy leaps into capitulation type moves.
Anyone know any stocks below their March 2020 lows?
Are Canadian LPs really worse off now then when everyone thought the world was ending?
$CGC - can she finally break outLast October beat down a lot of small cap stocks before they started running. I would be careful here but breakouts have been happening in a lot of places. Beware of false breakouts but lets hope for a strong small cap run into February/March again!
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.
CgcHit out first level we were eat hi f 13.82 was my area I got a bunch at 13.61$. Very nice bounce. Was expected a short term bounce here as it’s super clear level of interest. Let’s see if it’s holds up. I’ll be happy if it comes back down I want to buy more!!
Cgc- Are we ever getting out of the abyss zone. I fear that we might drop lower than historical data has shown. Lets hope it finds support and finds its way up again.
Looking for a bounceDaily RSI at historic Oversold bounce levels. Almost as beat up as the covid crash right now. In the past we have bounced 25%-80%+ when bouncing off this level of Oversold conditions. There is also a gap on the daily now above at these extreme conditions that needs to be filled
Also in a buy/support zone on the daily
Weekly Oversold
4HR at historic Oversold bounce levels
1HR at historic Oversold bounce levels
Daily looking to like a potential falling wedge, at price support/buy zone, at historic oversold levels with now a daily gap above to fill. A lot of confluence and the stars aligning for a good multi-day/weekly bounce out of OS conditions
