Just an update to my CGC idea from earlier this evening, all of which still applies.
A friend of mine has pointed out that CGC is forming some hidden bullish divergence on the daily chart. Our RSI and MACD oscillators are hitting lower lows, while the price hits higher lows. We still need an hourly higher low, so if the chart can break the daily MA20 and the RSI resistance line, we can start looking up to the upper limits of the downtrend line.
A friend of mine has pointed out that CGC is forming some hidden bullish divergence on the daily chart. Our RSI and MACD oscillators are hitting lower lows, while the price hits higher lows. We still need an hourly higher low, so if the chart can break the daily MA20 and the RSI resistance line, we can start looking up to the upper limits of the downtrend line.
