CGC/WEED equilibrium break on top watch

The tightening range we’ve been watching for 6 weeks is going to break this week, and I’m anticipating that break will either bring us back to test our all time highs or bring us lower to find a new support above the December lows. Whether this breaks up or down, I want to see 12-15million shares traded on the day to tell me the break is for real and has momentum.

This break will affect all names in the sector in the short term weeks ahead, so even if not playing Canopy, make sure to keep an eye on this chart.

Leave a Reply

Your email address will not be published. Required fields are marked *