CAN is building a new leg up but it is still early days

Potential Buy Alert


CAN – Cann Group Limited

Stock : CAN – Cann Group Limited

Current Price : 1.19

Status : On watch for a higher low

CAN previously had a great run up to 1.50 and has recently seen some heat come out of the price action. We still see that price is holding higher lows so we see the opportunity for another strong leg higher. We are now watching for higher lows to build for the entry setup above the 1.10 zone. If we get a secondary leg lower below 1.00, then we will wait and re-assess for the price to build the all important higher low after further late buyers are flushed out of the action.