CGC Weekly Play
Please excuse the very rough drawing of the Cup and Handle pattern. I used the drawing tool so the candles didn't all fit.
Crossed up on the top half of the Handle, bullish signal.
The daily shows good RSI, with another bullish signal in the future for more buyers whenever it crosses the 200MA.
Been bouncing around this 24.00 support line (noticeable on 1hr chart) for awhile now as well.
I will enter a small swing position (anticipating it to cross up on the 200MA) for the short term while watching for a long term hold confirmation.
Crossed up on the top half of the Handle, bullish signal.
The daily shows good RSI, with another bullish signal in the future for more buyers whenever it crosses the 200MA.
Been bouncing around this 24.00 support line (noticeable on 1hr chart) for awhile now as well.
I will enter a small swing position (anticipating it to cross up on the 200MA) for the short term while watching for a long term hold confirmation.
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