Panjang
CGC Daily Review
2/5/2020
(Apologies for the lack of updates, traveled for job #1 last week and caught a cold. Back now!)
Where is price, and what's going on?
The Bull Flag from 1/13 is now on Day 13 of consolidation. Priced closed with a doji below EMA20, yet inside the yesterday's trading range. A descending channel has clearly formed.
Is this bullish or bearish?
Until and unless we close below $20.14, it is bullish. THAT IS THE STOP. Closes below that number invalidate the entire bull thesis. That said, $21.56 has been an important number - an hourly close below and 20.14 will come fast.
DO NOT GUESS!
(Apologies for the lack of updates, traveled for job #1 last week and caught a cold. Back now!)
Where is price, and what's going on?
The Bull Flag from 1/13 is now on Day 13 of consolidation. Priced closed with a doji below EMA20, yet inside the yesterday's trading range. A descending channel has clearly formed.
Is this bullish or bearish?
Until and unless we close below $20.14, it is bullish. THAT IS THE STOP. Closes below that number invalidate the entire bull thesis. That said, $21.56 has been an important number - an hourly close below and 20.14 will come fast.
DO NOT GUESS!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.