Price at a pivotal location - could break down and look for support around sub 0.49
Multiple supports have converged on the end of a double falling wedge just as the company says it is about to turn a profit.. but has a potential snafu with one of it's suppliers (Aleafia). What do you think?
CGC is beginning to develop some two sided trading and transitioning into a broad bull channel / bull flag trading range. (All channels are a form of a slanted trading range and ultimately evolve into a large trading range). Prices are currently around the middle of the trading range, where the directional probability is close to 50/50. The high 2 buy setup a...
Aleafia is looking to retest a recent support that was made May 3rd. If it holds then we will see a double bottom & possibly a reverse in the trend after the break through the descending triangle I spoke about in my previous post.