LotzToLearn wrote: 6 month chart:
- CCI climbs to -13, close to triggering legit buy signal (zero line).
- MACD is really close to triggering buy signal.
With a small price increase tomorrow / this week, I suspect that CCI and MACD may trigger a buy signal.
- RSI ended the day at 51, on the bull side. This is a very neutral number. Still a long way from true bull territory; 70, 80+.
- Klinger triggered buy signal on / around Feb 13, 2018.
Summary:
Stock is sitting pretty on the 6 month chart, strong buy signals are close to being triggered, and some have already been triggered (Klinger and RSI, if you call RSI 50+ a buy signal).
To balance these points, stock can decrease from these points / levels, but based on the bigger picture (e.g., interest in stock, legalization, Canopy's position in the market, etc.) the chances of a decrease seem small (e.g., stock market turmoil / decline, war, bad press, etc.)
GLTA!