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[CGC] Breaking through Resistance... Be Patient and Buy Cheaper?
CGC made some nice moves and unfortunately didn't stick to the downward trend I was hoping for.
Added in some new resistance lines here.
The timing here is crazy, trying to thread a damn needle through this craziness haha.
As much as I wanted to get in before it broke the $17.50 resistance, I held off because I expect the overall market to collapse down next week just in time for earnings.
It's gonna be close and I might end up having to load up at like $21 (not ideal but it's still gonna be a smart play but if we luck out here, it'll crash back to around $15-$17 at least next week and create a perfect buying opp right before earnings.
This is likely gonna pop above $28 resistance (assuming there is something decent coming out of earnings like with ACB).
Targeting a 50-100% ROI on 40-60% of my CGC holding this swing.
Added in some new resistance lines here.
The timing here is crazy, trying to thread a damn needle through this craziness haha.
As much as I wanted to get in before it broke the $17.50 resistance, I held off because I expect the overall market to collapse down next week just in time for earnings.
It's gonna be close and I might end up having to load up at like $21 (not ideal but it's still gonna be a smart play but if we luck out here, it'll crash back to around $15-$17 at least next week and create a perfect buying opp right before earnings.
This is likely gonna pop above $28 resistance (assuming there is something decent coming out of earnings like with ACB).
Targeting a 50-100% ROI on 40-60% of my CGC holding this swing.
Catatan
Clarified my question mark a bit: ![[CGC] Peak - Short Term Short Setup.. Hold for Pre-Earnings Buy](https://s3.tradingview.com/d/dPS47htm_mid.png)
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.