CGC Trade on Jun 24, 2019 15:36 from Marius: Tradervue User Stock Trades.

SPY holding close to highs and trying to consolidate over time. Some notable Canadian MJ strength over US. ACB, TLRY, & APHA were some others to mention. I'm still waiting for more data on the US side of things to initiate any of my trades there.

CGC had earnings and looks like the market has been pricing in the negative reaction and moving forward. The double bottom and bullish momentum divergence on the daily is what stood out to me based on my time frames and risk tolerances. If the double bottom breaks there may be more negative implications in the stock of which is possible but will see how the technicals hold. I've somewhat recalled this before in CGC's historical price action. Looks like there maybe a bearish volume climax on the daily.

• RVOL D, 1.53
• Market Cap 9.42B
• Short Float 14.36% (smaller amount than when I last traded sometime ago / less shorts is more bullish shorter-term but less of a squeeze)
• Average Vol 5M

CGC W, looking to set a monthly higher low

CGC D, Noting bullish momentum divergence and double bottom. Also at a 38.5 level from ATH to swing low (orange line to right). Also just noticed a 361.8 level from previous high's of November 2016 and low of June 2017 (orange line to left). (note cryptocurrency cycle was in somewhat of the same cycle during that time too ? *check this later) I happen to leave my fibs from previous research and trades in the past. Checking to see confluence of levels. Similar to getting a confluence of moving averages. I also use anchored VWAP's on some trades. Will add if notable.

CGC D, Trade plan overview

Risk Management
Stop at the break of double bottom and failed momentum bullish divergence. Also meaning there maybe more potential negative implications for the stock fundamentally and or technically. SPY and equity markets can be aggressively be pulling back also. We would still be looking for a monthly lower high.

CGC D, anchored VWAP analysis. From this analysis alone, initially I was leaning bearish because it was below the volume weighed average price from ATH's and the December 2018 lows (yellow lines). Then I ran a VWAP from the IPO (orange line) (or in this case the day after IPO 04/08/14 due to tradingview data issues from day 1)and found a potential area of support.

Full history zoomed out on the daily. Noting how price stays above the *IPO VWAP. I think regaining this VWAP level of support is very constructive looking at the longer-term time frame. Losing it maybe be temporary as seen more recently or critical if it will act as resistance.

CGC 130m, made a second entry here with a different risk parameter. The move into the top of resistance here is notable with the shallow consolidation. CIBC has been showing top buying the last 2 days. Also next Monday is a Canadian Holiday with the TSX exchange closed. Bullish momentum has shown some instances in the past with the Canadian side closed. US markets will be open, so supply and liquidity is decreased. G20 is also beginning this weekend. The market is setting high expectations. Also expecting a rate cut by the FED in the next couple weeks. Earnings season is also around the corner.

CGC 195m, mid-term time frame note. VWAP's from recent daily high 06/20 and daily low 06/24 and price tried to get above price resistance + VWAP high. Price is consolidating between both high and low VWAPS's. Nice push in pre-market but strong selling at open correlated with SPY. Bruce Linton, CEO exercised a lot of selling recently as well (just noting not sure how to include in current analysis). Overall still leaning bullish here but noting the selling at open. New monthly candles forming at close and market's going into G20 weekend. Noting holding 195m HL's but if price falls below VWAP's low here I'll be leaning more bearish + including the note from longer-term VWAP from initiating the trade.

CGC 65m, trendline in focus here and price forming + holding a support. Price also contained within anchored VWAP's. Monday will be interesting if we get a break from this range. I'm bullish but will exit at the pre-determined risk level if price breaks lower. Positive news have been circulating with G20 thus far. The DOW also hit a higher high to close out the monthly. Quarterly SPY chart is shaping up well too.

CGC 195m, closing price is almost above all 4 VWAP's. Above 40.68 would be more bullish. Noting the slope of the Hi/Lo as it is moving sideways. Noting any increase of slope with price action. Tight price action range and tight VWAP's. Ascending triangle psychology pattern still in play.

CGC D, price broke out of the range mentioned above. Zoomed out to the daily and price is a daily EQ. No more entries here and price is now free from a tighter range but back in the original longer-term EQ. May adjust exits but ok where they are. No critical weakness but still weakness and sideways price action. This is set-up for a bigger resolution once it gets confirmed. Entered another trade on CWBHF also viewable to trade an opportunity in play within my trading parameters.

CGC 5m, zoomed out on for mid-term view. Exited trade at pre-market based off of major fundamental news.CEO Bruce Linton was terminated from position. Notable negative pre-market movement but dip buying as well.