CGC: need to find the ground under its feet/roots

Either CGC is completing a cycle degree wave 2 or going to 0. The recent price action looks like bottoming formation. We are getting weekly level RSI bullish divergence confirming the downtrend is slowing. We need to see divergence on intermediate degree 3 and 5 and also minor degree 1/3/5. If we see a bounce back to $2 and another quick lower low that doesn't breach $1.4, it could be a low risk entry for some insane level of price action. If price breaches $1, it is game over for this. If price goes above $3 now, then the bottom is most likely in. A relative low risk entry point might be setting up very soon.

I get comments on pot stocks that fundamentals do not call for a price pump. The truth is, fundamentals are crap for all the pot stocks, it's purely speculative like penny stocks or some crypto. No one should put more than pocket change to trade these and surely should not be a long term holder. Eventually, these companies will need to get their acts together or die. For now, going with EW speculation.