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Canopy Growth Corporation

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CGC trade ideas

Big technical support for Canopy growthFundamentally I feel like the marijuana market is attractive at these prices, I started calling the market last week and now I'm looking for individual stocks to *Invest* in. I dont trade stocks. Quarterly: Currently at a price range that has acted as big support and resistance in the past on the longest term chart we can look at on this asset. Monthly: I applied the fib retracement tool just to highlight that this stock has been dropping like a rock without looking back for several months and even a modest pullback to the first resistance in the down trend would still net us a 100 percent profit. Weekly: Just reverting to the mean, (200 week moving average,) we more than double our investment. Daily: Trend line breakout and I also like that momentum bar on that breakout pullback. Look closely, price broke out on the 16th and 17th, pulled back to test it on the 20th, then boom no tail on the next candle, no wick at the top either, buyers controlled that entire day. Thanks for reading. Like and follow! I follow back and toss coins!
NASDAQ:CGCLong
by Chad_McDeid
2
IT'S TIME TO GET HIGH !! LET'S GET A BOUNCE !!!Whats up traders, investors and the moonboy Jimmy's who buy meme stocks with there Stimmy's. Here is a change of pace analysis on Canopy Growth. I mostly do crypto, but I noticed this chart and the blood that has been in the streets with this sector. This is just an idea people and i'm not saying we are heading to the top of the wedge next week, however past evidence shows that CGC might be trading within this wedge. We have not been this oversold since the last time we bounced and went to the moon for 9-10x gains. I like CGC and I believe that if this sector ever takes off, that Canopy Growth will be one of the leaders in the industry. When I see a stock that has been beaten down like this one that has high's of over $60 and now I can buy a good company at an 80% discount when indicators are showing me that a bounce could happen, you bet your ass i'll be buying. Even if it loses support and goes down into $4-5 range, I will be DCAing. On this idea, wait for volume to pick up and then make your own decision on whether you want to buy this stock for a medium to long term hold. This is not financial advice and just a hunch that I have. Happy trading!!
NASDAQ:CGCLong
by mfibbs
$CGC approaching a major support level, demand zoneWe also still have the Republican legislation bill that is still in motion, initial reports of this bill were on the 15th, but no news yet on when they expect to vote on this bill. finance.yahoo.com Today, noticed a 12 Put sizzle index compared to just 1.7 on Calls.. we expect to see a move down to the green buy region. When CGC announces new CEO and key executive leadership, this will create a bullish catalyst for a move higher.
NASDAQ:CGCLong
by attiladaahun
CGC: Another Cannabis Company With a Huge Profit Potential$CGC - Canopy Growth is another Cannabis company that I really like and this is almost the same in size and in performance as Tilray (TLRY). Actually the price tested the low and we have a potential double bottom here with a very good profit potential. The price has been in the actual price levels in March-20 and November-17. So this is a clue that it should move higher. In my personal opinion this stock is undervalued because all the market is waiting for the Congress to legalize cannabis in all the countries. From the other side the Cannabis industry should increase very fast once the it will legalized as the U.S market is very huge. So Let's see. Only Time Will Tell The Truth. Thank you and Good Luck! You may also like TLRY:
NASDAQ:CGCLong
by KlejdiCuni
18
Canopy Growth Corp - General Cannabis RunHey looks like CGC, TLRY, ACB and the WEED etf's are starting their general cannabis run. Canopy has come down to it's lows and might be looking to takeoff here, rsi weekly is starting to inflect and macd is crossing over this could run for a long time several months possibly back to 50$ area. Lower time frames are overbought so might see some red to start the week next week. A buy price of 13.00$ would't be too bad. Also check out EDEN.CN on the Canadian Securities Exchange: Eden Empire is a new player in the cannabis space in Canada and the U.S, they are starting grow operations and have chain of dispensaries and are growing and expanding fast! Other's to check out are mentioned above CGC, TLRY, ACB and the WEED etf's. ca.finance.yahoo.com ca.finance.yahoo.com
NASDAQ:CGCLong
by UnknownUnicorn12070690
2
CGC: BullishSome may say the Cannabis Sector is "dead money" however, as a medical cannabis user for several years, I can tell you that the industry is booming. I won't get into all the details on the retail locations and nationwide locations in this article, but I will say the benefits outweigh the risks. For my PTSD cannabis has been phenomenal whether in flower form or consuming chewy edibles I've also seen this work on my young son, who experiences seizures, etc. BACK TO CGC. There are a few hardcore cannabis stock accumulators out there. I remember my days in the OTC stocks before the enormous 'green rush' and all I can say is they were life changing events. I've outlined some targets on the chart posted. I strongly believe a move will be coming to this sector before the end of the year. I cannot say every target will be hit successfully; nevertheless, there is pent up demand and the White House Administration has marijuana in its crosshairs. WHY? Well, someone (or something) will need to pay for these reckless spending bills of debt and we've seen the money flow from just Colorado alone. If nothing else, it doesn't hurt to have a little money wrapped into GCG at this current level 13.82. Even if the stock were to retest the 9 to 10 zone my stance on the current chart and outlook as of today (11-10-2021) does not change, as I find the sector to be at its most optimal point in time to own / invest / trade.
NASDAQ:CGCLong
by bsdvs23
1
CGC ready for trend change?CGC and other marijuana stocks have been smoked for the last 10 months straight. This may be a good entry to dollar cost average (DCA) for at the very least a 100% bounce or a 600% return back to all time highs. It has been trading within a triangle and could find support at current prices but may also go lower to $5-8. I have 2 scenarios on this chart that i think could play out. Low RSI, decreasing volume, and other indicators point to good entry. This is only an idea. (not financial advice) DYOR.
NASDAQ:CGCLong
by H8rH8r