Long

CGC Formed a Bullflag

Updated

Coming off an 8 month bear market, cannabis appears to be making a comeback... The overall reversal adds to the likelihood that the current bullflag will push prices higher... A position started here could have a stop loss placed at $22.50 (this level would negate the flag). Short term target could be placed at the closest resistance, long term target could be much higher...

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Comment

Getting close to the stop loss zone. Still bullish long term but looks like now may not be the turning point.

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