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WadeYendall

CGC On trend line watch

Long
WadeYendall Aggiornato   
NYSE:CGC   None
Trend Analysis Chart Patterns
10
0
trendanalysis chartpattern
Coming into earnings. Completely beat down with negativity everywhere in the MJ space. Any positive news could give us
a nice tradeable bounce of the the lows. Must break the downward trend line first however.
Commento:
Broke the trend line so we have a double bottom potentially in play.
Here is an option for a low risk trade using the 2618 setup. 50 SMA is big resistance.
snapshot
Commento:
Looks like the Friday's move may have been short covering prior to earning.
Won't touch this until some earnings come out.

Idee correlate

WadeYendall
CGC Here we go again
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