Level8Trading

WEED could see some consolidation before surging upwards

TSX:WEED   CANOPY GROWTH CORPORATION
As WEED is the primary driving force in the sector, its performance is important for everyone else in the cannabis space. Baring any huge news events, some consolidation is likely (but not certain) next week for most cannabis names.

My thoughts are outlined above. The cyan lines represent potential price trend and action heading into legalization, but this could change rapidly depending on news events. I wouldn't be surprised to see a ramp-up of announcements heading into the big day.

Use your own judgement before investing and always use a stop-loss.

➡️ View trading as a numbers game
➡️ Take on the business model of a casino
➡️ Find an edge that puts odds in your favor over a set of trades
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.