Canopy Growth Corp (WEED)

[Carpathian]

Keep it Simple - We are building higher lows and lower highs on the daily and weekly. Volume and price all point to consolidation. We have bounced now 3 times off the 30s area with good volume. If you follow this stock you know this isn't unusual. There is zero reason for the sector to be bearish now and the only argument I can find is IT'S OVERVALUED. It's the same argument I hear about The broader market. IT'S OVERVALUED. Call me when yields start nearing 4% and I might start agreeing. I'm not a perma bull, I go where the signals send me - it's literally no sweat off my back to have to sell Canopy and move away from the sector if the signals are there, which they are not. The market hype for WEED isn't here yet, when I start seeing kids walking around the University campus talking about POT stocks like they do Crypto now and Grandma/pa asking about POT stocks THEN it's time to consider it's in the bubble. Calling a bubble now is ridiculous when we haven't even seen rec sales. .COM pop'd when earnings didn't grow as fast as predicted.
What's going to happen to this stock when the first of the major banks start covering the stock? Did we forget BoM? =)