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Natestradamus

Looking for a bounce

Long
Canopy Growth Corporation (NASDAQ:CGC)  
Natestradamus  
NASDAQ:CGC   Canopy Growth Corporation
Trend Analysis Chart Patterns Technical Indicators CGC canopygrowth bounceplay bounceback marijuana weed cannabis mj potstocks
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trendanalysis chartpattern indicator cgc canopygrowth bounceplay bounceback marijuana weed cannabis mj potstocks
Daily RSI at historic Oversold bounce levels. Almost as beat up as the covid crash right now. In the past we have bounced 25%-80%+ when bouncing off this level of Oversold conditions. There is also a gap on the daily now above at these extreme conditions that needs to be filled
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Also in a buy/support zone on the daily
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Weekly Oversold
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4HR at historic Oversold bounce levels
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1HR at historic Oversold bounce levels
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Daily looking to like a potential falling wedge, at price support/buy zone, at historic oversold levels with now a daily gap above to fill. A lot of confluence and the stars aligning for a good multi-day/weekly bounce out of OS conditions
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