CGC Weekly Review
1/17/20
After consolidating for 7 weeks, CGC was able break above the heavy resistance at the $22 level.
Price is approaching and/or is in the zone of the implied move from the 11/18 weekly bull flag
Weekly EMA50 is is just over 12% away at $28. Is that the destination?
Is the upper wick indication that the move is running out of steam, or is CGC just getting started?
As we mentioned last week, the ONLY guaranteed buyer is a short, how many covered this past week? How many added?
Price and volume don't lie. They will tell you when the trend is over, NO NEED TO GUESS!
After consolidating for 7 weeks, CGC was able break above the heavy resistance at the $22 level.
Price is approaching and/or is in the zone of the implied move from the 11/18 weekly bull flag
Weekly EMA50 is is just over 12% away at $28. Is that the destination?
Is the upper wick indication that the move is running out of steam, or is CGC just getting started?
As we mentioned last week, the ONLY guaranteed buyer is a short, how many covered this past week? How many added?
Price and volume don't lie. They will tell you when the trend is over, NO NEED TO GUESS!
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