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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

Comment by dragshoton May 16, 2023 12:35pm
188 Views
Post# 35450564

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Just my 2 cents

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Just my 2 centsBe very careful of those that post here about how they think they know eveything about TA by analyzing one single indicator, which btw has been done incorrectly.  Look at how often the weekly RSI has gone below 30 over the past year and a half.  It's been interesting to say the least to watch someone say, "Oh, the RSI is below 30.  Won't be long now." only to see share price plunge again.  Plus, do you really want to trust daily figures when WEED could take years to launch again, if indeed it ever does?  The common RSI and its "instructions" for use are flawed and will easily lead you astray. 

Learning proper TA is a process.  It is difficult grueling work and takes decades to accomplish if self taught.  Ever hear of the 10,000 hour rule.  Yeah, well it applies here too.  I can pick through thousands of charts a day and know the good from the bad.  On that note, I will leave you with a TA basic.  Never ever buy when a stock's price is below a falling 30 week MA.  Never double down on losses and always use stop orders.  OK, that was three rules.  Oh well, consider it a gift.  Oh, and dont listen to anymore of that RSI nonsense unless you want to torture yourself and your portfolio. 

No one can ever know the bottom but proper TA will get you pretty darn close to it.          
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