Canopy Growth: C'mon, Do Something 👉
The price of Canopy Growth is currently relatively flat. However, we believe a significant setback is needed to complete the white wave II in the turquoise target zone between CAD 0.430 and CAD 0.265, as expected. Only then should a significant move higher occur in the form of the turquoise wave 1, which should extend to around CAD 1.20. Alternatively, we see a 47% probability that the price is already in this wave. This scenario would occur if the price breaks the resistance at $0.8000 without reaching our target zone
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