💡CGC has been a leader in the Canadian cannabis sector.
📉Thursday's sell-off indicates a potential daily consolidation in the sector.
📈Hourly oversold conditions could signal a continuation of the bullish momentum.
🕒Monitoring the timestamped levels to determine market sentiment.
⚖️The balance between bulls and bears will determine the future direction of the sector.
What is the current performance of the Canadian cannabis sector?
—The Canadian cannabis sector has been performing well, with CGC leading the way.
What is the possibility of a vote on cannabis legalization in Florida?
—There is still uncertainty regarding the vote on cannabis legalization in Florida.
What should traders be cautious about in the sector?
—Traders should be cautious about potential daily consolidation and the importance of key support and resistance levels.
What can hourly oversold conditions indicate?
—Hourly oversold conditions can indicate a potential continuation of the bullish momentum.
How should traders determine market sentiment?
—Traders should monitor the timestamped levels and observe the balance between bulls and bears.
00:00Introduction to the video and the focus on the Canadian cannabis sector and the Florida cannabis vote.
02:20Discussion on the performance of CGC and the potential for daily consolidation.
04:31Analysis of TLRY and the importance of key support and resistance levels.
08:44Observation of the Canadian names and the potential for hourly oversold conditions.
10:59Overview of the US side and the cautionary approach for swing traders.
