Canopy Growth Corporation (cgc) New Hemp Licence In New York City

Discussion in 'Investment Charts' started by Chartman, Jan 15, 2019.

  1. longtermbull

    longtermbull Administrator Staff Member

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    Looks to me like the buyers are shaking out the sellers prior to another run - interesting times :)
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    I still think this one is ready to pop on the upside - clear the sellers and the buyers will then take control.
     
  3. Buyonthedips

    Buyonthedips Senior Investor

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    Looks like this share is in for a sharp move in the short term - all of the trend lines are converging!

    If I was a gambling man I would say they will move up :)
     
  4. Chartman

    Chartman Senior Investor

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    This one seems to be fading which is always the way after a big initial break through. The next phase will revolve around actual profits, plans for the future and potential consolidation in the sector. Don't write off this sector just yet :)
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    You tend to find that the best time to buy these shares is on the second wave of the development. After the initially announcement there is confusion as to what it actually means in earnings and profits. Once markets, companies and analysts have a chance to work through the figures we will then see a re-rating. Assuming all is as it should be :)
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    Watch this one for the first signs of an up turn - this sector is only in its infancy and we will be seeing some impatient investors bailing out. This game is just starting :)
     
  7. Buyonthedips

    Buyonthedips Senior Investor

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    This one is in a decline but I think it will be worth a buy at some point - even if we wait until the trend has turned. This sector is still in its infancy.
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    Totally agree - this market is very young and these shares will come again. Either start picking up on the way down from here or wait until the shares turn and then buy on the up. If only it was as easy as it sounds!
     
  9. longtermbull

    longtermbull Administrator Staff Member

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    Looks like this one has bounced - if it can hold above $44-$45 then I think we could see a decent up surge very soon.
     
  10. Chartman

    Chartman Senior Investor

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    I think this ongoing rise is a strong buy signal - the share price has burst out of its downward trend.
     
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