CGC is showing strength among the smoked roaches of weed stocks during 2019.
With price having collapsed to 52 week lows on Nov 18 @ 13.81 a three month base as formed in the 18-21 range that has caught my attention....from the smell of course (cron has similar chart).
Price has begun a small upward trend with first resistance test at the 22 level. I am starting weed positions here with CGC with weekly chart pointing upward and macd buy signals in place on both weekly and daily time frames. Well pick my spots as oscillators have already turned up which also indicates strength. I also like the volume flows during green days since the lows in November...they appear well coordinated. Money may be coming back into this space for another puff...we'll see.
Dr. RAV
With price having collapsed to 52 week lows on Nov 18 @ 13.81 a three month base as formed in the 18-21 range that has caught my attention....from the smell of course (cron has similar chart).
Price has begun a small upward trend with first resistance test at the 22 level. I am starting weed positions here with CGC with weekly chart pointing upward and macd buy signals in place on both weekly and daily time frames. Well pick my spots as oscillators have already turned up which also indicates strength. I also like the volume flows during green days since the lows in November...they appear well coordinated. Money may be coming back into this space for another puff...we'll see.
Dr. RAV