Long
CGC Daily Review
(Forgot to publish yesterday after close, life happens..)
1/16/2020
After 3 days of forming higher highs and higher lows, CGC began hourly consolidation.
Bulls put up a fight at $24 all day, but be ready for bears to try and push below that level.
Hourly Closes below $24, and certainly the $23.67 fib level, would point to daily consolidation.
If today's low holds, probability favors continuation for the bulls.
Tomorrow is Monthly Options expiration, be ready for anything.
As always, NO GUESSING!
1/16/2020
After 3 days of forming higher highs and higher lows, CGC began hourly consolidation.
Bulls put up a fight at $24 all day, but be ready for bears to try and push below that level.
Hourly Closes below $24, and certainly the $23.67 fib level, would point to daily consolidation.
If today's low holds, probability favors continuation for the bulls.
Tomorrow is Monthly Options expiration, be ready for anything.
As always, NO GUESSING!
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