Daytrading WEED tomorrow on gapdown or new low
For those interested in very good daytrading tips. Dan expects a gap down tomorrow given the sell off momentum and profit taking on WEED. Expectation that it will dip further than $43.43
I wasn't disciplined on this one, I rode it up and will ride it down. Canopy is the undisputed leader and the #1 company best positioned with its massive inventory for legalization day. It's also going to be a large recipient of the Ontario supply announcement to be handed down very soon.
I was going to buy the dip on Aphria but it has too much support to dip, most expect the Molson deal to be with APH although they are in close with Diageo. A $119 Billion dollar market cap alcohol distiller so Molsons Coors is small potatoes.
I will put my trading dollars here tomorrow buying the dip. Hopefully it can be a monster to propel us into a nice V shape recovery to follow the bullish longer weekly trend. Short term, it looks ugly for the "buy and hold" investors. I suspect a lot of people will be profit taking on uncertainty.