CGC broke the trendline and is now consolidating in a range. Also, the increase in volume and the fact that the MACD is in a positive territory again support the long scenario. The trade can be entered immediately and the stop should be placed under the 50MA at 23$ which also should function as a guideline for the stopmanagement.
But be aware that the CPI data from May will be released on the 10th of June: if they are higher than expected the US10Y will rise which can cause trouble for the growth stocks (no pun intended).
But be aware that the CPI data from May will be released on the 10th of June: if they are higher than expected the US10Y will rise which can cause trouble for the growth stocks (no pun intended).