CGC - Bullish Flag!!Key Techincals - Bullish flag, entry in on flag break or highest probabilty is to jump in on the break of the 18th Nov high.
Key Fundamentals - Horticulture has become Australia's fastest-growing agriculture sector, opening more opportunities as a result. Australian horticulture has taken the number one growth spot in agriculture with a 40 per cent rise in production in recent years.
CGC
$WEED $CGC Stocks is picking up momentum agian!$WEED $CGC 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.
CGC - Look for a break out or a fake outCGC isn't the only cannabis asset with a weird looking impulse wave. At this point, I am considering if perhaps we're looking at 1-2-i-ii setups or something different entirely. Will have to reassess when more data is available.
Regardless, traders understand that we're looking for a break above local resistance, with volume. Next resistance around $26. Breaking out of this zone would be extremely bullish in the short term.
Those of you that follow me, know that I don't like CGC's valuation. It is much more overvalued than its peers. For some reason, still today, American news outlets reference CGC each and every time there is news on cannabis. MSO's are completely ignored. Is this the power of Constellation Brands? Based on this assessment, my game will remain to just trade this one. I won't stay long at tops and I won't be afraid to miss out. CGC is a cash burner, but also a revenue monster. Losing money with close to $100M per quarter. I strongly believe that CGC is not in the clear, and should not be considered an investment. Look for improved fundamentals, or one final low, before going intra year long.
My 2 cents. Given free.
Cannabis CGC - where will it go This is just to keep track on my investment
Not a buy or sell recommendation
Disclaimer : have this stock
Watchlist november 23-27stock and options watchlist for the week of november 23-27 brought to you by nexus investments llc
CGC ConfluenceShort term bullish, long term bearish? Rarely seen such exact confluence. $30? $35? Ridiculous valuation for this cash burner. Trade, don't invest.
MY FAVORITE SETUP. 50, 100, EMA cross over 200 EMA $GRWGCheck this set up and get in if can!!! EMA cross overs are my fav!
**EARNINGS TOMORROW** GRWG!I love this stock so much and I took the trade at 11. Looking at them now they are primed to beat earnings with expansions happening nationwide following states legalization . Because they are a regular company, then are not effected by the lack of legalization because they've grown into what is given and can only benefit from legalization. They did well on earnings and the news feed is chock full of good shit. This is a BUY.
CGC Sell the News?I am selling my position today at opening. With Biden president elect, I think it is time to sell the news. Not in the least because it seems to open right at resistance, and the primary degree count shows we still need a 5 wave move down to complete primary wave 2, also known as the bubble correction.
I see the same for other assets I am holding (APHA, CRON).
APHA is looking more bullish than the others, btw. But never mind that now. Gaps to close! All sector.
Cannabis Stocks, have bottomed, $CGC $TLRY $MJ$CGC is the gold standard, top performer of all time,
Target 1, $30
Target 2, $40
Target 3, $70
$TLRY was the hardest pumpin IPO made over 1000%
Target 1, $8.9
Target 2, $13.79
Target 3, $28
$MJ is more of an Index/ETF
Target 1, $15
Target 2, $22
Cannabis Market Reversal.So far so good.
The gains are holding, and day trade opportunities are everywhere in the cannabis show.
The blue wave has a lot to do with it. Imagine that a market with 300m people opens up and its ready to be taken....US legalization.
Technically, its good.
Good Bullish Trades!
Cannabis Stocks- GRWGI LOVE this company LONG. Unfortunately this is the perfect place to buy and the sketchiest place to buy. With a possible Biden win, cannabis stocks like this one will soar. Two things in GRWG's favor in the mean time is the possible legalization in 5 states. Also, earnings coming up is expected to be a good one. So if we hit all three. Biden win. Earnings hit. Legaliztion. Then i could see a strong run up as this ticker as already see some good volume in the past.
#LEGALIZEIT $MJ ETF Daily ChartYou already know it... Holding the mj sector longterm & reinvesting dividends & diversifying in new canna tech businesses will = financial freedom ♾ might need another 10 years but well worth the wait later on!
JUST #LEGALIZEIT ~~~
BLAZE IT & reap in those extra tax revenues for schools, roads ect...
its just plain stupid for tax payers to continue to pay for incarcerated immates over a FKn plant that the good god put on this earth for a reason & has been used for thousands of years medicinally.
Remember TLRY? part 2Looks like am objective buy at the channel. Hidden bull divergence also on the 4 hr chart. Daily RSI no bear divergence yet. I like
CGC - Confluence at $20.60Anticipated move achieved. Now looking for a small pull back before reaching the zone of confluence.
