Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at OTC:CRLBF ...
I believe this code is at a point of potential volatility.
If price can hold above $2.57 ... Bullish potential may be unlocked.
My key upside targets include:
- $3.28 (Conservative)
- $4.20 (Medium)
- $5.28 (Aggressive)
...
Just posting this for my own trading records to look back on. Overall market will dictate this price movement, but this trade has about 10% downside with 100% upside. Many MJ stocks have similar setups, but for example, GRWG has no level of support with a 25% downside risk, with roughly the same amount of upside.
SPARK IT UP OR LET IT SIT?
Cresco Labs Inc. has been trading south with some funky price movements, but can this 'funk' produce some good highs? -- No.
On the weekly chart, #CRLBF looks to be starting it's 3rd wave on the interval cycle and will push price down considerably the next week or so before tapping in the help of the 3/4 correction wave prior to...
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
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Fundamental side of the idea:
For the full year of 2020, Cresco saw a whopping 271% year-over-year increase in revenue to $476 million. The company's retail revenue for the year grew to $202 million, up 316% year over year. Much of the credit goes to its Sunnyside retail platform, which, according to the management, generated average revenue per store of $3.6...
Cresco is ready to launch higher. It already broke out of the Inverse Head and Shoulders and it is currently flagging.
Price Target 1 - $13.30 but it will likely go higher
Thanks
Not sure about the initial waves. Low volume, hard to count. Asset could double still, easily. One of the potential future market leaders, yet, trading at a discount to its peers.
Hello Everyone,
With President-elect Joe Biden set to take office in the new year, marijuana stocks may gain some positive momentum.
My prior analysis back in June of this year predicted a consolidation followed by a breakout (see below). It now seems price has entered a more bullish territory. Now may be a time to consider additional long positions.
On...
