CGC at 200 day EMACGC is at 200 day EMA. If it breaks below, it could see $24. I don't have much faith in dems right now to push reform so this rally could turn ugly very quick
WEED trade ideas
cgc back to all time high?This could bounce from 21W moving average. Lets see. Not financial advice. DYOR.
CGC - Long Term ShortCGC - Long Term Short
CGC Daily:
- Cup n handle failed, handle should not retrace
further than 50% of bottom of cup.
- double bottom with 2nd touch trending lower
makes a double bottom with less integrity.
- RSI trending lower.
- possibly will continue further to the .618 Fib, but most likely lower.
- playing the bounce back up to $31,
- looking to enter short if resistance is broken at $27.85
CGC - Short Term LongCGC - LONG
- Looking for a bounce back up to the upper trend line ($31)
- Double Bottom
- RSI Trending Up
- Stop loss: $28.90
- Profit Target: $31
- Entered long @28.80
- FYI, this stock is BEARISH long term, this trade should only be held if it can break 29.43 Monday morning.
Cup and handleI expect a ton of good news around in April which can move this higher.
Not the financial advice.
Short term has a nice bullish chartCgc ran up earlier in a pump n dump fashion although that seems to be the case for nearly everything this last year. It rejected beautifully off the top resistance and gapped down. Sadly I emotionally jumped in this a bit early but I see a nice upside to this. It came down found the trendline and Chanel before it broke out, filled the gap and has been moving on up. I know New York is on schedule to legalize April 1st and could see this jump out of the channel again. In either case it is holding just fine. I am looking for the 50s
Weed Stocks Testing Old HighsCGC looks to test old highs as you continue to see sector rotations in the market.
$CGC 2021-MAR-16๐๐๐๐๐ ๐
๐๐๐๐๐๐ ๐๐๐๐๐ ๐ ๐
๐๐๐ ๐๐๐๐๐ $๐๐๐.
After volatility pushed the price below the channel, we managed to close largely within the expected channel range. Blue lines represent +/- 3 deviations; suggesting that the recent drop could be a whipsaw reaction to the overly bullish push last month.
This is still a GREAT setup for upside potential.
$CGC Cup and Handle repeat. ~$80 by June/July. My highest conviction play.
With this pullback, I think CGC is setup well with the possibility of earnings catalyst and or legislation on Cannabis. Looking for a big move before July is out. PT $70-80.
CGC introducing beverages will be a hit.
Check out articles on CGC's beverages.
**Opinion only, Not financial advise. Invest at your own risk.
$CGCStrong trend line - Gotta break down these resistance walls. Hammer candle to a nice reversal. Volume accumulation. This is not financial advice.
CGC MACROCould be taking a down leg today... if that's true, we'll be seeing $29dollars.... on the other hand -- seeing a bullish upleg could bring us to $40.05! However, even if we get a retest at $29, CGC has still broken out of the Falling Channel and a reversal-bounce flipping resistance into support will be expected... followed by upside continuation and reaching target of $40.05
CGC BounceNot entire sure how to count that drop yet, but with the hourly price moving above MA8, 21 and 50, we are likely looking at the start of a new hourly uptrend. Time will reveal if this is a B wave or the start of a new motive sequence...
CGC - Appears to be in a buy zoneWe have corrected from the recent high and an old gap from the previous run-up to $50 appears to have been filled. We have some support around $30 which appears to be solid. An up-trend remains in tact and there's no obvious road blocks with the exception of psychological barriers and unforeseen influences in future price action...
$CGC Primary countInteresting to see a confluence zone for INT3 through extension of Minor 1 & 2 and Primary 1 & 2. Just targets calculated, not the time aspect.
Given momentum and catalysts for the industry, it would be reasonable to assume that the top is not yet in for 2021.
CGC Detailed CountTook me all weekend, but I am confident that this has rooting in reality.
INT1 complete, currently expecting INT2 sharp, but could expand. What a monster to decipher!
