Looking for a retest on CGC to go long
Updated
Due to the upgrade on CGC from $40 to $60 PT here: marketwatch.com/story/canopy-growth-jumps-5-as-piper-jaffray-raises-stock-price-target-by-50-2019-01-25 , the stock gapped above the November 7, 2018 candle. Might not get filled on this one and that's okay, but looking for a retest of that area with a wide $7 stop to buy some shares.
If this doesn't fill, I will see how the price action behaves and potentially enter on a retest of $48.19 once the share price goes a bit higher.
Let's see what happens :).
If this doesn't fill, I will see how the price action behaves and potentially enter on a retest of $48.19 once the share price goes a bit higher.
Let's see what happens :).
Note
Had a feeling that a one white solider might come in today. Will have to wait for a pullback on this one. Will update once I see a setup forming.Trade active
Filled.
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