CGC Daily Review
2/5/2020
(Apologies for the lack of updates, traveled for job #1 last week and caught a cold. Back now!)
Where is price, and what's going on?
The Bull Flag from 1/13 is now on Day 13 of consolidation. Priced closed with a doji below EMA20, yet inside the yesterday's trading range. A descending channel has clearly formed.
Is this bullish or bearish?
Until and unless we close below $20.14, it is bullish. THAT IS THE STOP. Closes below that number invalidate the entire bull thesis. That said, $21.56 has been an important number - an hourly close below and 20.14 will come fast.
DO NOT GUESS!
(Apologies for the lack of updates, traveled for job #1 last week and caught a cold. Back now!)
Where is price, and what's going on?
The Bull Flag from 1/13 is now on Day 13 of consolidation. Priced closed with a doji below EMA20, yet inside the yesterday's trading range. A descending channel has clearly formed.
Is this bullish or bearish?
Until and unless we close below $20.14, it is bullish. THAT IS THE STOP. Closes below that number invalidate the entire bull thesis. That said, $21.56 has been an important number - an hourly close below and 20.14 will come fast.
DO NOT GUESS!
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