CGC Weekly Review
1/24/2020
Weekly inside bar after the bull break last week. Price closed near the low of the week. Not a great sign for the bulls.
However, as it has been mentioned on the daily reviews, the bull thesis will not be invalidated until we have a close below $20.14.
Price currently sits at EMA20 and has a few zones of support underneath (check daily review).
Bulls need to take the ball back from the bears and the next candle will provide a great deal of insight as it will also have a great implication on the monthly chart.
DON'T GUESS!
Weekly inside bar after the bull break last week. Price closed near the low of the week. Not a great sign for the bulls.
However, as it has been mentioned on the daily reviews, the bull thesis will not be invalidated until we have a close below $20.14.
Price currently sits at EMA20 and has a few zones of support underneath (check daily review).
Bulls need to take the ball back from the bears and the next candle will provide a great deal of insight as it will also have a great implication on the monthly chart.
DON'T GUESS!
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