find_the_pattern

Strong horizontal support after breakout

Panjang
NYSE:CGC   None
As predicted by others a very nice pattern has formed initiated by a breakout.

Two bullsih variants that depend on how strong the 1. support (dashed green line) is.

1. variant:
Entry level ater confirmation at weak support level ~$23 / Target price ~ $29 / Stop loss ~ $21

2. variant:
Entry level ater confirmation at strong support level ~$21.5 / Target price ~ $29 / Stop loss ~ $21

Also supported by moving average weighted.

Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
Penafian

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