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Canopy Growth Corporation

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CGC trade ideas

Corrections in the Cannabis Markets (YOLO / TCHX)If you are betting on teh weed stonks like me, we are having a rough day. Everything has been running hot this week, so I'm expecting these downspikes to bounce off of support points from earlier in the week. Keep hodl on these for long term. This fall Connecticut is likely to vote in legalization. New Mexico, New York, Rhode Island and Virginia also have legalization measures on the ballot. www.marijuanamoment.net We're extremely likely to see more legalization in more states over the next few years. Cannabis legalization is polling higher than minimum wage increases: www.marijuanamoment.net
NASDAQ:CGCLong
by LittleBeeefy
2
[CGC] Will be Loadin up Before Next Uptrend CrossThis is now my number two long term growth pick, recently supplanted by the winning APHA/TLRY combo. Still a better company than ACB by a good margin. OGI best value and ACB next best value though, these two been in the trenches for most of 2019 relative to the overall industry. HEXO and SNDL still strugglin but holdin up OK, also great value there but much riskier. CRON has been very quiet but holding at a steady level at least. I'm really loving my IIPR, YCBD and VFF pickups from a few months back too. Kickin myself for missing GRWG, waiting for better value now.
NASDAQ:CGCLong
by ProfitHarvest
4
Canopy WeedCanopy is retracing downward to find support. This is too textbook not to hypothesize about. I just had to do it, too many things are aligned. 1. We can see the market structure (and respect) in the demand zone. (i.e. arrows) Support & Resistance. 2. There is also alignment with 1.0 and 1.618 Fibonacci extensions. 3. This is all respected with a bullish and bearish trend line. I know a lot of people would buy the demand zone but I like to take the low-risk approach and buy the breakout instead, thereby I will also verify my hypothesis, though only after waiting to verify that the breakout level is respected. Thereafter I would probably hold, only to sell at 63-64 CAD (where there is a 1.618 Fibonacci extension of the greater trend) Happy trading.
TSX:WEEDLong
by Seriouz
CGC - Trade Reversal and Bull Flag (Etoro Portfolio)Price cross above MA200 (black line) and formed a uptrend till 29.50 price. Typical bull flag (or the power flag), build up approx. 18 trading days. The 18th day's volume (6.744m) slightly increased and higher than previous days. The price rejection : one white soldier breakout the trendline draw from top, MACD and RSI also appeared buy signal. I have a position @CGC with 2R taking profit. IBD's RS (Relative Strength) = 88, Industry Group Rank = 21 / 197 ======================================================================================================= I will be popular investor in Etoro, take a look of my portfolio and copy me to start the trading journey. My Etoro Profile: www.etoro.com Etoro Registeration Link: etoro.tw
NASDAQ:CGC
by ginlin84