CGC will reverse its downward trend when the price gets to about $27 per share; this is when it will reverse back toward its mean of around $28 per share. The stock will remain here for a while until there is a positive news catalyst that will catapult the stock back up toward the $40 area where it will stay for a day before it begins its downward trend back toward its weekly moving average of $28 per share.
At the present time, investors who bought into the Canadian legalization rumor/hype are now taking profits and will eventually buy back the stock when it gets to the $27 price level. These inferences were devised by employing the Mstardom Finance proprietary trading strategy.
At the present time, investors who bought into the Canadian legalization rumor/hype are now taking profits and will eventually buy back the stock when it gets to the $27 price level. These inferences were devised by employing the Mstardom Finance proprietary trading strategy.