NASDAQ:CGC (Canopy Growth Corp)
CGC is lowkey trying to cook something based on the recent price action this past 6 weeks. Net positive volume / accumulation has almost doubled this past few days, from 35M to 61m and continuing to rise.
Last QTR earnings (August 9, 2023) has aided the significant price recovery - propelling earnings to green territory to 60.3%...
Hello Guys,
found this fractal of Canopy from last cycle indicating a last 5th wave down within this ending diagonal could be on the table for Canopy.
This would create a slightly Lower low and offer absolutely insane entry prices for the stock.
Smart fellas will accumulate more than 1000 Units and even will be able to make a million dollar brining enough...
The Biden administration has taken steps to reclassify marijuana use as a less serious crime. This potential policy change, if finalized, stands to be the most substantial adjustment in federal marijuana regulations in over four decades.
The U.S. Department of Justice, overseeing the Drug Enforcement Administration (DEA), has recommended reclassifying cannabis...
Take it with a grain of salt, but I think we might see a huge pump for Canopy happening today,
the fractal of the previous pump has started like this as well.
It stays excited, not even that relevant the analysis of today.
But all good, let's see we're all here to have fun.
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Looks like wave 3 price action.
The news is early so we shall see if the PA holds up.
looking for the sharp move up to give a bit of a pull back.
I would look to play the wave 4 of the wave 3 at this point, it depends, but that is my conservative variety.
I can use the smaller...
Hello Guys,
to me it looks like canopy has succesfully entered the first 5 wave bigger push to the upside.
This Elliot Wave count of mine can be an indication to where the market is likely to go in the immediate short term.
Obviously no financial advise.
I also See a scenario possible where the market is going to trend a bit higher to then consolidate for a...
Hello guys,
according to my Elliot wave count,
we could already now have seen the end of the bigger wave 2 which is essential to correct our 5 wave impulse in wave 1.
The structure that we have seen in this correction looks like a ABC correction to me with an overshooting B Wave. This means that the C wave is right now finishing and we should sooner than later...
CGC fell in a standard Fibonacci retracement of 3 week trend up from Mid-March. News of
an application to issue a new class of shares may as well be considered a dilution of current
shareholders. CGC is 5 days away from National MJ Day of the 20th. I expect a further
pullback into the 0.618 level given the fundamental news but CGC could rally on trader...
CGC
Something appears to be brewing in weed stocks currently and Canopy is leading with another pump today - up 16%.
Does this looks similar to what we've seen before in crypto stocks GALA and VXV ?
Notice that off the bear market we get a ripping pump...
Then a collapse down makes a lower low and threatens another wave down.
But then a sudden recovery prints...
I have plotted a large Bull Bat pattern that merely yielded a natural harmonic reaction. News of a reverse split and a dilution deal with the enemy have caused the move to new all-time lows. Despite this, the large Bull Bat pattern is still in play. Note the Bull Shark(blue), Bull 0.618AB=CD(pink) and Bull AB=CD(teal). The natural levels found within each distinct...
I think it may be the moment to actually put some money in it.
3 years of downtrend, US legalization is shaping up and i believe we may see some serious moves here.
After a long and exhausting bear market, cannabis stocks are back in investors' focus. Stocks like Canopy Growth are booming. A gold rush atmosphere is emerging, reminiscent of the early years of Bitcoin and other cryptocurrencies. Are we seeing perpetual green candles or rather dense, stifling fog? As always in trading, it's about controlling risk. And here, we...
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!
Germany's Federal Council has given the green light to a bill legalizing recreational cannabis for personal use, marking a significant shift in drug policy within the European nation. Despite facing criticism and opposition, the legislation, passed by the Bundestag earlier, paves the way for individuals to possess and cultivate cannabis starting April 1, albeit...
In a groundbreaking development for the global cannabis industry, Germany's decision to legalize cannabis marks a significant turning point, paving the way for increased access and growth opportunities. Canopy Growth Corporation (Nasdaq: NASDAQ:CGC ), a leading player in the cannabis sector, stands poised to capitalize on this historic moment, positioning itself...
Canopy Growth Corporation: Navigating Market Challenges and Strategic Goals
Canopy Growth Corporation, a prominent player in the cannabis industry, has been a focal point for investors seeking exposure to the rapidly expanding market for legal marijuana products. As one of the largest cannabis producers globally, Canopy Growth has garnered attention for its...
