kerdirks

CGC On The Move

Long
kerdirks Updated   
NASDAQ:CGC   Canopy Growth Corporation
NFA, DYOR 7/8/23
Showed up on my TV Filter this morning; appears to be at the 1.272 or 2.618 Fib Extension (depending upon your perspective) with indicators showing a probable reversal.
Timeframe: MONTHLY Candles
Patterns: Cyphers (Completed & Expected) as marked
Channels: See shading
Expected Path: See green line from 2024-2028
Enjoy every sandwich along the way!
Comment:
A quad play since the initial post back in July ... sandwich tasting pretty good but a double decker cheese burger is being prepped ... patience produces the best smoked burger on the planet. Enjoy.
Comment:
As expected, CGC retraced $.51 after a huge recent run up from the $.30-.40 range to almost $2 ... am looking for a good 61.8% retrace over the next 1-2 weeks; WAITING for the next pattern to develop from the Daily price action.
Comment:
A nice support trendline and price pivot point around $0.84 ... expecting more upside ... enjoy every sandwich.
Comment:
WOW! Topped out at about $19.40 right at the fib circle; and then retracing back down to support. That trade was in the $$$ if you were in for the ride.
Comment:
Will price retrace to $0.82 to fill the huge gap from the recent bull run?
Might be a great buy opportunity in the near future.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.