Canopy Growth (CGC)

Canopy Growth (CGC)-Update

Max Oen

15 Apr 2026 — 1 min read

4 hours

This worked out perfectly.

In our previous analysis, Canopy Growth reached and activated our defined Fibonacci retracement zone, which we identified as an optimal opportunity to buy or accumulate the stock.

This zone was defined as:

78.6% at $0.95
88.7% at $0.86

We expected the stock to complete its current corrective phase and terminate dark blue wave 2 within this Fibonacci retracement zone. This scenario has now played out as anticipated, and we can officially deactivate the zone.

Following the activation, the stock regained bullish momentum and moved decisively to the upside, exiting our defined Fibonacci zone. From the upper boundary of the zone to the current price of $1.15, the stock has gained more than approximately 20%.

This move is sufficient enough to generate short-term gains, which is why we are now deactivating this zone. Going forward, we expect the market to continue following our long-term outlook, building new impulsive bullish momentum and initiating a sustained move higher as part of dark blue wave 3.

If any structural changes occur, we will provide an immediate update.

Kind regards,
Monalytics

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