Moving Averages: There was a 20/50 sma cross back on May 21, 2018 signaling bullish momentum, this has been continued with the stock currently bouncing off the 20 day moving average.
Trendlines:
CGC
is currently breaking out of a wedge formation with more than 2x its average daily volume, on an incredibly red day across the markets, showing a great amount of strength.
MACD(12, 26, close): Currently crossing bullish on daily charts as well as on the weekly.
RSI(14): Currently sitting at around 61, above the bullish 50 mark, signaling a healthy amount of buying after a healthy consolidation.
Currently looking to swing, first target at 34 the next at 39, stop at 28 as the stock is volatile.
Got in last week at the first attempted breakout, 50 shares at 31.24
Trendlines:
CGC
is currently breaking out of a wedge formation with more than 2x its average daily volume, on an incredibly red day across the markets, showing a great amount of strength. MACD(12, 26, close): Currently crossing bullish on daily charts as well as on the weekly.
RSI(14): Currently sitting at around 61, above the bullish 50 mark, signaling a healthy amount of buying after a healthy consolidation.
Currently looking to swing, first target at 34 the next at 39, stop at 28 as the stock is volatile.
Got in last week at the first attempted breakout, 50 shares at 31.24
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