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 interest
regarding the notable day. My trade plan is to buy a pullback if and whne it finds support at
6.15 and then enter long seeking the target of 7.95 which would be a Fib 0.5 retracement of
the trend down. I will look at other MJ stocks as well.
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 interest
regarding the notable day. My trade plan is to buy a pullback if and whne it finds support at
6.15 and then enter long seeking the target of 7.95 which would be a Fib 0.5 retracement of
the trend down. I will look at other MJ stocks as well.
עסקה פעילה
CGC has a sideways day today but highly volatile with both an intraday short tradeand then a long trade on the reversal.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.