Canopy Growth Corp (WEED)

[Another Casualty]

Just gonna say something. The chart is literally primed for a major move. We are dead center of a pennant formation that basically comes to a head mid August. Right around earnings. My theory is we run up before that. I'd like to see us 22-25US pre earnings. Primarily because I think the release is gonna be subpar so I'll be aiming to take profit going into earnings hype.
(Most likely).

but let's just say the perfect scenario is we don't (highly unlikely know how weed stocks trade). Instead we trade sideways here around 18.50 US and CGC releases earnings that are positive finally. It will be an explosive move upward. 25 to 30US would be very likely with continued upwardation. (Least likely)

Now imagine what subpar or negative earnings report could do. Well that would break to the downside out of the pennant and (10s or 11s US) would become a real likelyhood.

My 2 cents. Good luck everyone. We are holding right now. Average of 18.60s.