WEEDCGC Canopy Growth is picking up steam today and is heading towards first level of resistance around the $39-$40 CAD Level. The next two major resistance levels are around $50 CAD and $70 CAD. The resistance lines are on the charts, it would be same on the CGC charts. The best way to play this is if you are already in it, take some off at each resistance level and let the rest ride with a tight stop. I am currently selling puts slightly OTM to try get some shares back cheaper for the longer term. Vote is next week, should see some volatility.
Join Our Free FB Group Free Trade ideas and technical analyst. Try our premium stock alerts, very active options trading, we are primary options sellers but we trade directional as well.
Join Our Free FB Group Free Trade ideas and technical analyst. Try our premium stock alerts, very active options trading, we are primary options sellers but we trade directional as well.
Also on:
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.