The following swing trading levels are reference points for traders to consider. As we provided levels for a long and short bias, the information is directionally neutral.

 

The levels are also ultra short-term, meaning that support and resistance targets are based on the nearest swing highs and lows. Typically, if a market is trending–in this case, trending in the short-term–price often hits the nearest target upon breaking out toward the upside or downside. 

 

But like all patterns, there is a failure rate, particularly during moments of market indecision, signaling consolidation or ranging activity. The levels provided don’t propose that a breakout will follow through toward hitting its target. Again, they are reference points for you to use should it help you in your own swing trading analysis.



ACB – Aurora Cannabis

   

Swing High

6.43

new

Nearest Upside Target

7.98

new

Swing Low

7.01

 

Nearest Downside Target

6.11

target hit Jul 29

     

CGC – Canopy Growth

   

Swing High

36.74

new

Nearest Upside Target

41.65

new

Swing Low

33.38

new

Nearest Downside Target

31.82

target hit Aug 1

     

APHA – Aphria

   

Swing High

6.68

 

Nearest Upside Target

7.21

target hit Aug 2

Swing Low

6.29

 

Nearest Downside Target

5.45

target hit Jul 26

     

TGODF – Green Organic Dutchman

   

Swing High

2.35

active

Nearest Upside Target

2.60

 

Swing Low

2.31

 

Nearest Downside Target

1.80

failed at 2.02 Jul 29

     

EMHTF – Emerald Health

   

Swing High

1.59

active

Nearest Upside Target

1.88

 

Swing Low

1.67

 

Nearest Downside Target

1.48

target hit July 24

     

TLRY – Tilray

   

Swing High

51.03

 

Nearest Upside Target

53.63

 

Swing Low

38.70

 

Nearest Downside Target

34.30

 
     

ALEAF – Aleafia Health

   

Swing High

1.10

 

Nearest Upside Target

1.37

 

Swing Low

0.84

active

Nearest Downside Target

0.71

 
     

CRON – Cronos Group

   

Swing High

15.69

new

Nearest Upside Target

16.90

 

Swing Low

13.50

active

Nearest Downside Target

10.00

 
     

CWBHF – Charlotte’s Web Holdings

   

Swing High

18.75

 

Nearest Upside Target

21.00

target hit Aug 5

Swing Low

15.85

 

Nearest Downside Target

13.20

failed 13.56 Jul 25

 

The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.