Weed Speculation Story Continues (CGC)
This speculation case for CGC continues.
Could we see a bankruptcy followed by a penny stock?
It is not out of the question but right now a slight bullish divergence has occurred on some technical indicators so it was worth taking a guess at some potential upside targets. It has held the $1.00 on this never-ending sell off but with some headlines and an earnings report approaching we could get an increase in volume.
nearest upside potential = $2.17 / 100% return
stop loss = $1.00 / $0.10
areas of interest around $3.75 / $5.50 / $8.50
Could we see a bankruptcy followed by a penny stock?
It is not out of the question but right now a slight bullish divergence has occurred on some technical indicators so it was worth taking a guess at some potential upside targets. It has held the $1.00 on this never-ending sell off but with some headlines and an earnings report approaching we could get an increase in volume.
nearest upside potential = $2.17 / 100% return
stop loss = $1.00 / $0.10
areas of interest around $3.75 / $5.50 / $8.50
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