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WEED Going Down

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CANOPY GROWTH CORPORATION (TSX:WEED)  
green_brow  
TSX:WEED   CANOPY GROWTH CORPORATION
Chart Patterns Trend Analysis Technical Indicators short weed canopygrowth Relative Strength Index (RSI) Bearish Patterns Divergence
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chartpattern trendanalysis indicator short weed canopygrowth relativestrengthindex bearish divergence
Broke through previous upward channel, found support on the 0.5 fib, but failed to make a higher high. Bearish divergence on the RSI and Stoch is looking to form a bearish cross. Reversal indicated via heikin ashi as well. Rapid dump indicates this is not a simple bull flag. Volume has also been decreasing during the rebound off the last dip. Expect a retrace to at least the 0.5 fib. Likely will find support around the 100 Day SMA as it has done previously.

My opinion not financial advice
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