Bearish Doji Star from yesterday confirmed
We will likely see some selling pressure tomorrow based on confirmed candlestick patterns.
If you are longer term, hang tight and take the dip as an opportity to buy when the charts become favorable again. And they will.
" CANOPY GROWTH
Last Signal: SELL
Last Pattern: BEARISH DOJI STAR
Last Close:32.0100Change:-0.5000Percent change-1.54%
Signal Update Canadabull's system recommendation today is to SELL. The BEARISH DOJI STAR pattern finally received a confirmation because the prices crossed below the confirmation level which was at 32.4450, and our valid average selling price stands now at 32.4050. The previous BUY signal was issued on 30/04/2018, 16 days ago, when the stock price was 27.8300. Since then WEED.TO has risen by +16.44%.
Market OutlookThe market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet."