Will Canopy Growth (TSX:WEED) Give Us an Early Christmas Gift?
Like many stocks on the TSX, 
Canopy Growth Corporation has had a choppy November. The wild swings make for some very fun trading, but quite a bit of risk if you're not interested in holding bags.
Here are four trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks:
Trade #1 - 40% gain in 8 days
Trade #2 - 2.5% gain in 30 minutes (!)
Trade #3 - 8.5% gain in 20 hours (!)
Trade #4 - ... where will we end up?
Although 50% in gains in 3 trades is already a solid November... where will trade #4 take us?
For me, I'm all for setting a tight stop loss on this one. No looser than -5% should keep us safe for any immediate swings.
What do you think?
Interested in the AllTradeSignals Volume Pressure Gauge? Get in touch with us here on TradingView!
Canopy Growth Corporation has had a choppy November. The wild swings make for some very fun trading, but quite a bit of risk if you're not interested in holding bags.Here are four trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks:
Trade #1 - 40% gain in 8 days
Trade #2 - 2.5% gain in 30 minutes (!)
Trade #3 - 8.5% gain in 20 hours (!)
Trade #4 - ... where will we end up?
Although 50% in gains in 3 trades is already a solid November... where will trade #4 take us?
For me, I'm all for setting a tight stop loss on this one. No looser than -5% should keep us safe for any immediate swings.
What do you think?
Interested in the AllTradeSignals Volume Pressure Gauge? Get in touch with us here on TradingView!
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Trade with the giants, instead of against them.
Join us for free on Discord: blocklevels.com
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