CGC - looking for an entry

28 בפבר׳ 2019

CGC is looking strong in the longer term, but I'll be watching for a pulback to the trendline resistance hovering just above the 50-day EMA before making a move. We've dipped below both the 12 and 26. Stoch is picking up but RSI is neutral. Any move up would need to come with a significant increase in bullish volume to invalidate this set up. Breaking below trendline and 50 EMA resistance could spell a huge drop into the 30s before finding support again.