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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    Missed the second rally here but still early days for those with a long term investment view.
     
  2. Chartman

    Chartman Senior Investor

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    Time to buy on the latest consolidation after a rise? Time this one correctly and there could be some decent short, medium and long term gains to be had. Personally, I think the bigger players will come in and mop up companies such as Canopy in order to try and dominate the market. Lets not forget this market is still in its infancy - very interesting :)
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    Timing is going to be everything with this share as once the news flow starts it should be fairly constant. As many keep saying, this is only the start for this sector.
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Maybe time to start looking at this one again - seems to have slipped off the radar and drifted.
     
  5. Buyonthedips

    Buyonthedips Senior Investor

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    I am looking to accumulate this stock when it is still out of favour. The journey for this sector has not even begun in ernest yet - a long way to go and a number of takeovers and mergers must surely be on the cards?
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    Is this similar to the cannabis oil revolution in the UK?
     
  7. Chartman

    Chartman Senior Investor

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    Double/triple bottom - good sign for share price if we see a bounce?
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    I am a little surprised to see this one drifting so low - investor boredom or is the share price simply ahead of the new trend in the sector?
     
  9. Buyonthedips

    Buyonthedips Senior Investor

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    This is an extremely complicated graph and I would look for a breakout above $45 or a crash below $37. From a fundamental point of view it would appear it is still very early days for this particular sector. Maybe buy when momentum picks up?
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    The journey for this sector is only just beginning. Surely this must be a scenario where accumulating stock on weakness is the best strategy?
     
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