Alış
Bull flag pattern on CGC. Could look to move higher.
CGC is currently within a very clean bull-flag pattern. We also have the 100/200 day moving averages right around the bottom of the bull-flag. I will be looking for a break-out above the descending line of resistance, and if we get that with some conviction, we could see CGC run back to previous highs around $55-60.
Moving average guide (All daily for this post):
50 day moving average in Green.
100 day moving average in Yellow.
200 day moving average in Red.
Entry: $40.00-$45.00.
Target 1: $51.00 (top of the flag-pole.)
Target 2: $56.60 (prior resistance level.)
Target 3: $59.25 (previous peak.)
--Not looking for any further targets after target 3, as a break above $59.25 would take CGC into a new price discovery phase.
SL: $38.25-$39.25 depending on risk level. (Below the 100 and 200 day moving averages. Just be aware of wicks.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Moving average guide (All daily for this post):
50 day moving average in Green.
100 day moving average in Yellow.
200 day moving average in Red.
Entry: $40.00-$45.00.
Target 1: $51.00 (top of the flag-pole.)
Target 2: $56.60 (prior resistance level.)
Target 3: $59.25 (previous peak.)
--Not looking for any further targets after target 3, as a break above $59.25 would take CGC into a new price discovery phase.
SL: $38.25-$39.25 depending on risk level. (Below the 100 and 200 day moving averages. Just be aware of wicks.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Not
So far so good: Not
Target 1 at $51.00 has been hit: 
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.