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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Bullboard Posts
Comment by MartialArtson Jun 24, 2018 12:29pm
191 Views
Post# 28220473

RE:Any predictions for Monday

RE:Any predictions for Monday
$41.80-$42.10 is where I'll be looking to buy but would not be surprised to see a stronger selloff to as a stop loss attack into the $39s on Monday and Tuesday.

Unfortunately, I didn't profit take at $48 on Weed Friday. So I'll be likely buying on margin that scarier.  We closed at $43.43 just above the daily low of $43.40.

The bullish news relating to Molson is towards APH so I would not be surprised to see money moving there but WEED is very solid.  96% BUY recommendation on Barchart.

https://www.barchart.com/stocks/quotes/WEED.TO/opinion

On the 15 min charts we hit oversold so we should have a nice bounce and possibly a V shape recovery back to bullish.

Support levels are as follows and we could even see $39s:

Pivot Point 1st Support Point 41.65  
  41.24 50% Retracement From 4 Week High/Low
  40.71 3-10-16 Day MACD Moving Average Stalls
  40.59 14-3 Day Raw Stochastic at 30%
  40.43 Price Crosses 18 Day Moving Average
Pivot Point 2nd Support Point 39.86

PS If you are an investor, just take any dip as an opportunity to buy and ignore trader-talk. I'm both here. A longer term investor and an aggressive short term trader.
Bullboard Posts