In mid-March, we were looking at Canopy Growth Corp. $CGC and noted that it was trading in a triangle consolidation pattern, awaiting breakout.Canopy Growth Corporation (CGC) Awaiting Breakout from a Triangle (3/15/2019)CGC Daily Chart(click to enlarge)Bearish Breakout:- As we can see on the daily chart, price eventually broke below the triangle pattern.- This breakout should open up the first target in the $38-$40 area, which involves the 200-day simple moving average.- The market might have turned bearish in the short-term, but is sideways in the medium-term, and was bullish until late 2018. - With the longer-term picture in mind (refer to the weekly chart below), we should limit the bearish outlook to the $30 area. CGC Weekly Chart(click to enlarge)