Post by
Benedictus on Mar 14, 2019 9:59am
OT - technicals of canopy
I just perused the canopy chart and see that a massive triangle pattern has been drawn out over most of 2019. smaller players will always be tethered to the big fish like canopy so whichever way this triangle breaks may have a major impact on the whole sector, including oh. back in my day trading days i would have been all over this setup for whichever way it plays out. I know the hedge guys are still looking for a massive C down wave in the mj sector and that we are currently in the B up wave retrace from the lows set in December. It bears watching closely for anyone in oh for short to mid term swings. for the longs, any massive selloff would obviously be a great opp to add. and if the triangle breaks up, well that would suggest a very nice run as I'd imagein canopy would move to retest its old highs. just food for thought and all imo.
https://www.stockcharts.com/freecharts/pnf.php?c=WEED.TO,P
Comment by
Cannabis1 on Mar 15, 2019 7:04am
Very interesting ... thanks for that info very useful.