WeedMD Slight Pullback Then LongBurst through H&S and previous resistance, forming bull flag. WEED closed +1.5% today, with WMD closing -0.5%. Divergence between these two never last. Likely pullback to 200D SMA (last support), before breaking through bull flag.
Canopygrowth
$CRON straw fireGood luck with this parabola, what goes up must get back down.
Hysterical movements are not organic, you wont be advised, ultimately there will be an 80% circa retracement move.
$CGC Second Run?Canopy Growth Company just gave us a buy signal on the Megalodon indicator, and with Marijuana on the rise in America with continuous legalizations, it could be a great buy! If you'd like to try the Megalodon indicator for yourself, send me a message!
CGC Breakout by months endCGC has been stuck in a short term descending triangle. By the end of the month i'm looking to see a breakout.
WEED.TO Bullflag triple top on daily +60 = breakoutWEED.TO has been running on positive sentiments and news of hemp production in New York. They are currently holding strong in a consolidation pattern.
A bull flag will be completed if it runs passed 60 with any amount of decent volume. Buyers are not letting up and they're not letting go of any shares.
If 60 doesn't break it will retrace and retest 54-55 levels.
Let's see what happens
200 shares if it runs passed 60 with any good volume.
*Any idea listed here is just my opinion of what I plan to do and not trading advice.*
Weed | Pullback Imminent & Consolidation Canopy Growth Corp. has been ascending on descending volume . That is a bearish sentiment.
This bull run will come to an end shortly and a more bearish sentiment will take form.
The chart follows the bearish sentiment that is seen across the market.
Whats Do You Guys Think Next?m Honestly ot sure i sold at 64 last run when i said load up in my post nad made bak then i had a huge position again at 39 when it comes down and sold at 46.... m thinking maybe 48 because of constellation brands price purchasing it at $48
Canopy Growth Corp. | Bearish SentimentCanopy Growth Corp. has been ascending on descending volume. That is a bearish sentiment.
This bull run will come to an end shortly and a more bearish sentiment will take form.
The chart follows the bearish sentiment that is seen across the market.
CGC/WEED bulls deserve congratulations!I missed this entire move as I've been busy with other life obligations, but no FOMO! This size of this bounce tells me the temporary bottom is in and I'll be looking for an entry in the coming weeks after a healthy pullback so I can join the party and take part in some MJ profit fun!
CGC, 12H, CANOPY GROWTH- Key Resistance LevelsIf we break these 3 levels, we should see new all time highs.
Time for a bounce! CANOPY GROWTH CORPORATION NYSE: CGC WEEDSTOCK
Canopy had a masSive sell of in the recent weeks and its time for a bounce. RSI is oversold and pointing up. Not a trading advice!
Looking for a short-term bounce from these levels
#cgc #canopygrowth #weed #weedstocks
HAPPY TRADING!
CGC, Canopy Growth, 3D, 14 Months $70 USD MinUpdate....believe the bottom support level is here and we will see the end to the consolidation with new ATHs in the coming months.
CGC potential daily lower high on watchWatching CGC first thing Monday to see if the high of Friday or the low of Friday breaks to signal sort term direction
Canopy Growth breaks key daily and weekly supportsClear bear breaks today keep the bulls in full control of CGC and WEED in every timeframe. Currently in an area with a lack of support. A weak afternoon bounce leaves us in an hourly bear flag setup heading into tomorrow morning, bulls must hold the low of today tomorrow as a first step in negating that flag.
Canopy Growth testing key daily support; bear breaks on watchHere's what I'm watching for CGC and WEED. Bears are in control as key support is likely to be tested first thing. There's a lack of support for 25% in the event of a bear break.
CGC tightening patternWatching CGC tightening pattern break for a solid dump or bounce.
R: 34.85
S: 33.08
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!
CGC up against key daily support zoneCGC is up against a significant area of support including three price levels and the 200 day MA. Watching tomorrow for how this plays out.
Key resistance for bounce continuation & bear flag negation is 32.99
Key support is 31.85
WEED / LONG OPPORTUNITY / H1WEED (CANOPY GROWTH CORP)
Trading Bias: Long
Technical Strategy: Double bottom / break of neckline
*waiting for strong bull candle next session*
CGC breaks the inside bar bullishCGC had a nice little move after breaking the daily inside bar today. I'm looking for some profit taking tomorrow as the hourly chart needs a new support above 36.67
S: 36.37
R: 41.06, 42.43
Watching CGC hourly trend for clues on this bounceDecided to try something a little different today because I don't want to type up a bunch of analysis.
I'm watching the range of Thursday to break to tell me if we're going to see bounce continuation of a healthy pullback to form a daily higher low, and then try to change the daily trend with a higher high.
Key levels:
S: 35.85
R: 38.28
CGC hourly equilibrium on watchThe oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 100MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart.
Although we have some new levels from after hours, there was minimal volume there so I am not giving those much credibility.
Key levels for hourly eq:
S: 35.85
R: 37.77
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For anybody looking at any individual stock it is imperative to keep an eye on the overall market and the analysis I do on SPY. The correlation of every individual name and sector to the market is very real and affects every stock you own.
