Short

Short CGC here for $34-36 target

CGC has been rejected in the area $50-55 multiple times and has started to trend downwards. We can also see a decrease in volume and downward-trending RSI, which jointly indicate a bearish move. We bought some Oct 19 $45 Puts which should lead to 200-400% profit upon reaching of $34-36 in the next 1-2 weeks.
canopyCGCChart PatternsTechnical IndicatorsTrend Analysis

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