At this point of time if last low $2.09 breaks then it might go down to buck and some change. As long as $1 is not breached, there is still a potential for CGC to see some higher prices. If $1 breaks then the path to 0 opens up. On the other hand, if price starts to climb here, then I would like to see a breach of $3.20 and that becoming support. Price should not go any lower to keep that possibility alive. Ultimately if $5 becomes support, then there could be some hope for CGC to see double digit prices again. Having a positive cross on the daily MACD would be a start. Want to see a setup to short below $2.09 and long above $3.23.
