Projection for Canooy Growth. If it drops below the 31$ region i would not look to buy. I will only look to buy at those designated price points depending on market structure and the volume in the market. I beleieve the bulls will takeover and we will see Canopy Growth hit new highs within the next couple years based off the current state of the marijuana industry. But only buy at these price points to minimize any potential drawdown.
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Keep an eye out for November. Results may give us a strong impulse up depending on estimates and actuals.
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As I explained when I first posted this markup, $50 Region was a major trap region, which is why I only would have bought around the $54 area. Which it did not reach. I am expecting this to continue its bearish momentum until the $36 region. I will then look at Price Action and determine if it is a prime opp to get in for a long or if it will continue its bearish move down to atleast the $20 region. Nov may give the bullish move needed.