CGC Daily Review
1/23/2020
Consolidation Day 5. No change, again.
$23.60 zone continues to be supportive. Anyone playing weekly options could be making a killing. (Not my style)
Price came right into the "zone" at open and yet again ripped 5% in under an hour.
This pattern is bullish until it isn't. First signal would be hourly an CLOSE below that level. Until and unless that happens, probability favors continuation.
NO GUESSING NEEDED!
Consolidation Day 5. No change, again.
$23.60 zone continues to be supportive. Anyone playing weekly options could be making a killing. (Not my style)
Price came right into the "zone" at open and yet again ripped 5% in under an hour.
This pattern is bullish until it isn't. First signal would be hourly an CLOSE below that level. Until and unless that happens, probability favors continuation.
NO GUESSING NEEDED!
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