Will Canopy Growth Stock See A Bounce, Trend Change Soon?

Canopy Growth Corp. (NASDAQ: CGC) shares are trading higher Thursday after the company announced that it plans to acquire Wana Brands

Canopy Growth stock was up 4.25% at $13.86 Thursday afternoon.

Canopy Growth Daily Chart Analysis

  • The stock looks to be nearing resistance in what technical traders call a falling wedge pattern.
  • The stock has been falling the past few months while being condensed between narrowing highs and lows. The stock is nearing the end of the pattern where it may see a large move in either direction with …

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