Replies to post #122756 on Canopy Growth Corp (WEED)

[BubbaInSC]

Huh?_Sorry_But_CGC_is_Being_Stepped_Down

Besides, I was just sharing an opinion. My opinion should not be interpreted as being fact; or even as news.

This can be clearly seen in 5 day chart below.

Unfortunately, "CGC filled the gap" last week THU, but broke below support of $40 USD.

Next level of support ranges from 50 day MA = $33.38 to $36.50

Last time PPS "pulled back"; pps basically reached the 50 day MA - as can be seen in the 6 month chart.

Typcial trading pattern.

So, yes - pps is being stepped down - and if PPS breaks well below the 50 day MA of $33.38 - the next level of support would be $30 USD

I think this will get stepped down to 50 day MA before moving back up.


6 month chart as of 2/19/21 close



5 Day Chart