SHORTS WILL TRY AGAIN TO TAKE DOWN CANOPY ON MONDAYWhat to expect on Monday ? expect some analyst might downgrade Canopy
A donwgrade does not mean the price will go down.. it could actually go up because the stock price already took a big hit and looks pretty cheap right now.
The volume is huge on Friday .... there's 1 group exited and another group shorted
Keep in mind for every seller there's a buyer ..... a lot of people sold and there's a lot of people also BOUGHT
If Canopy stock price doesn't go down in Monday Morning ... the short sellers going to get squeezed again next week.
The price could run back to $28.00-$30.00 next week ... there's a possibility the price could go higher than Thursday High.