Long
Canopy Growth Corp Breakout Holding
CGC is holding its own after a rough 2019. The recent sideways action within the parallel channel was an accumulation phase and now that we've had a successful breakout of the parallel channel the next move should be an upside continuation move, with or without a re-est of $20 first. A successful re-test and hold at $20 would help solidify the current uptrend and create a strong base for price to move up from ie attract more buyers who are waiting on the sideline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.