Simple Support & Resistance Analysis.
CGC and the cannabis sector as a whole have seen explosive gains in the recent months amidst all the discussion and exploration of cannabis and it's potential in the near future for markets.
Will support be found here near the resistance of previous price levels?
If a bounce is in order, may be worth some risk going long again on these "*hot*" stocks.
CGC and the cannabis sector as a whole have seen explosive gains in the recent months amidst all the discussion and exploration of cannabis and it's potential in the near future for markets.
Will support be found here near the resistance of previous price levels?
If a bounce is in order, may be worth some risk going long again on these "*hot*" stocks.
Trade active:
Strong bounce off what is thought to be a support zone, as well as a bounce off the 200dma.
Let's see how far it goes from here...
Strong bounce off what is thought to be a support zone, as well as a bounce off the 200dma.
Let's see how far it goes from here...
Comment:
Dipped a littler further than I expected but still made a rebound into the 40's.
Comment:
Ripping into the 50's. Will it make a new high?