Long
$CGC Breaks Out As Expected, More Gains Ahead
We said last Thursday that 
CGC was on the verge of a breakout and we were right on the money. With 21% of the float short, we expect further short-covering as the shorts get squeezed. We believe the worst is over for CGC and 2020 is shaping up to be a much better year for cannabis stocks.
Also with the US Presidential election coming up, expect some campaign rhetoric about full marijuana legalization. This will further create optimism around the sector.
As always, use protective stops and trade with caution.
Good luck to all!
CGC was on the verge of a breakout and we were right on the money. With 21% of the float short, we expect further short-covering as the shorts get squeezed. We believe the worst is over for CGC and 2020 is shaping up to be a much better year for cannabis stocks.Also with the US Presidential election coming up, expect some campaign rhetoric about full marijuana legalization. This will further create optimism around the sector.
As always, use protective stops and trade with caution.
Good luck to all!
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.