Replies to post #120233 on Canopy Growth Corp (WEED)

[Another Casualty]

Lol I use multiple charts for BTC. Not CGC unfortunately.

I like usd and euro for BTC.

I think ultimately these better earnings are a good set up to go ahead and buy and hold.

Cannibis stocks are notorious for running September october so this should be a good chart priming point.

We are still in the pennant formation. I'd expect a break above 20s going into our fall run. That's what I'll be looking for anyway.

Right now it's a hold for me. I'd like to see us break above 18.50 and form support this week then head for 20s. Of course the line in the sand is going to be 16.70s US. I also expect a bit of down play today as we did theoretically gap up significantly this morning.

Over all outlook moving forward is positive.