After losing both 200 and 500 MA (red and orange), this is clearly long-term bearish.
Even though pump continuation is possible, all potential upside is capped, most likely by 50 MA (pink), until formation of long-term structural bottom.
The absolute bottom is indicated.
Even though pump continuation is possible, all potential upside is capped, most likely by 50 MA (pink), until formation of long-term structural bottom.
The absolute bottom is indicated.
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50 ma (pink) took out the price as predicted, will there be a second attempt?
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No growth in the canopy xD
...not yet anyhoo
...not yet anyhoo
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Things looking better for Canopy Growth $WEED , but they need to apply the brakes here. I'm watching to see if a bottom structure develops here.
