Looking like bulls will try to buy it up end-of-day, forming an "evening star" on the daily. This indicates indecision, as Canopy's float was traded over $30.00 before Friday's sell-off; however, based on my hypothesis here, I think that this may mimic the move on 2018-01-05, where after a similar candle was formed, CGC made new highs.
One of two things will happen tomorrow:
1) big green candle upward tomorrow, reaching for $35
2) retrace back to $25.00 area before the ticker makes another move at resistance
More information needed!
Still learning the chart game, so thank you for reading and advising :))
One of two things will happen tomorrow:
1) big green candle upward tomorrow, reaching for $35
2) retrace back to $25.00 area before the ticker makes another move at resistance
More information needed!
Still learning the chart game, so thank you for reading and advising :))