Long
CGC Daily Review
1/14/2020
Momentum clearly with the bulls as price and volume increase in tandem.
Affected by a negative reaction to the APHA earnings, CGC came down to back-test the top end of the trading range, around 21.80, giving daily candle a long lower wick.
Continuation of this bull move is to be expected as long as we continue to make higher highs. A supply of sellers should be found around 28.00
NO GUESSING, wait for price to tell you when the move is over.
Momentum clearly with the bulls as price and volume increase in tandem.
Affected by a negative reaction to the APHA earnings, CGC came down to back-test the top end of the trading range, around 21.80, giving daily candle a long lower wick.
Continuation of this bull move is to be expected as long as we continue to make higher highs. A supply of sellers should be found around 28.00
NO GUESSING, wait for price to tell you when the move is over.
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