[CGC] Peak - Short Term Short Setup.. Hold for Pre-Earnings Buy
Went back to the drawing board a bit and I'm gonna call this as the rough CGC peak.
The POC (white line) for the year is too far away, the RSI and VPT as RSI are both screaming sell, the MACD is near highs and seems to be running out of steam, the long sting of positive Volume bars can't maintain without more fuel.
Despite all this I think we'll be lucky just to get back $17 before a FOMO pop on earnings so I'm kinda just splitting hair here haha.
The POC (white line) for the year is too far away, the RSI and VPT as RSI are both screaming sell, the MACD is near highs and seems to be running out of steam, the long sting of positive Volume bars can't maintain without more fuel.
Despite all this I think we'll be lucky just to get back $17 before a FOMO pop on earnings so I'm kinda just splitting hair here haha.
Data analyst with a passion for best fit lines B)
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