llongbottom

$CGC Cup and Handle repeat. ~$80 by June/July.

Long
llongbottom Aktualisiert   
NASDAQ:CGC   Canopy Growth Corporation
My highest conviction play.
With this pullback, I think CGC is setup well with the possibility of earnings catalyst and or legislation on Cannabis. Looking for a big move before July is out. PT $70-80.
CGC introducing beverages will be a hit.
Check out articles on CGC's beverages.
**Opinion only, Not financial advise. Invest at your own risk.
Kommentar:
Outperforming my trendline currently. Looking to add on a pullback to low 30s this week. If that doesn't happen, lick the stamp and send it.
Kommentar:
Loading up at 33
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And now stimmy arrived, July 16 $80 calls, lots of em.
Kommentar:
Following my trendline nicely, loading up more in the 30-32s. Hasn't retested 28 lows but did make a move down only to reverse and flatten out. 50/50 bet at this point which way we go but market confidence is improving, legislation news incoming, and I also believe I'm seeing cannabis in the news more recently. Need to break 36 with volume for anything meaningful. I expect a big move down before a huge upside move.
Kommentar:
Seeing a big move down over past week. Options ridiculously cheap.
Kommentar:
Slap the ask at 27 haha
Kommentar:
Caught by the 200 MA, phew. Would be a great time to buy options.
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