Canadian CANNAINVESTOR Magazine July / August 2017 - Page 189

Canopy Growth Corp (TSX:WEED)

Canopy’s chart is starting to show signs of ending the bleeding that has occurred in 2017. With positive divergence in MACD, RSI and recapturing the 20-day moving average and forming a ‘higher low’ it is certainly making me take note of not only this stock but the sector as well. I would love to see a break above $8.50 because I think it would get the sector out of the downtrends that we’ve seen for much of 2017. I’ve included Canopy’s weekly chart below.