/biz/ - Business & Finance

>>10880305

Okay CGC TA from swing trading perspective (my trading style).

>Bull break
>rode the upper bollinger band until yesterday
>lower higher for today off the upper band
>descending CCI (CCI is kinda counter intuitive, this isn't necessarily a bearish signal but it's not bullish either. Neutral.)
>RSI still overbought
>bearish stochastic RSI cross
>MACD tightening up towards potential bearish cross

My bet is that is descends to the middle bband, which is the 20 day SMA. From there it will either break back upwards for a bullish continuation and new ATH push, or it will go down and signal a short term bearish reversal. As a swing trader I am looking at return to 20 day SMA and consolidation pattern around an RSI of 50 for possible bullish continuation entry or bull trap bounce.