Support around $5 has held. Stock bounced off that area 3x (triple bottom) and is now north of 100%. Stock broke out of $8 resistance and seems to be heading for January high of $11.90. Bullish!
this one it looks to be a slam dunk if it follows what i predict it should, volume is skyrocketing with the price consistently staircasing up, the market is about to close with it up 16% and i believe monday it should continue up, especially if it should get past 10.05$, and in all honesty it may be better to put buy orders above that to be safe, because it has...
Cronos has performed great, especially today amid a minor weed stocks sell-off but the chart is showing signs of exhaustion and fundamentally it is over-priced for its sector, despite being one of the few making money. FA Horizons cannabis fund $HMMJ and $MJ will begin re-balancing around September. I predict some of CRON will be sold-off to maintain...
CRON has been basing since january in a tightening pattern with 4 tests of resistance. Today we have a confirmed breakout with VOLUME. Currently long this name near 7.00 with a 50 cent stop. Think we could see 9 or even 10 over the next month! Watch this for pullbacks! it has a ton of momentum here and the sector is in fire!
Breakout outside the Symmetry triangle - LONG $CRON Cannabis play
Backtest of 21ma on weekly and jam time back up. Looking for a big push in to October full legalization in Canada.
I know I am pushing it a bit, but based on the trend for Cronos, the opportunity to buy in is most likely next week. I will be watching tomorrow to see if this pattern continues. If you are into shorting stocks, Cronos is ripe for the picking right now, but if you want to wait for an opportunity to go long......wait until next week. I am going to come back to this...
Seeing a pattern develop on CRON which if it stays true today / tomorrow should be the last bull run before a new low of around 5.50 which I would turn bullish.
As you can tell I don't have many indicators or trend lines as none of them really matter besides these 2 strong trend lines. We are coming down slower than CRON came down in the past and bounced at 5.50 which means we shouldn't break 5.50 as it won't be a strong punch (hopefully). Either way if you set a stop loss at 5.40 or even 5.35 in case a lot of stop losses...
Here is a comparison of $CRON; $CGC/$WEED, $APH/$APHQF and $ACB/$ACBFF There is a pretty strong correlation going on. I put the US tickers up because, going in to the Oct. 17, 2018 legalization date for Canada, I think that the options for $CGC and $CRON will have a lot of torque and the expiry is Oct19'18 so you can capture the event +2 days. There are Canadian...
Nice risk/reward ratio. TL support, 4H technicals bullish. In with 50 shares at 6.15, will cut with a daily candle close beneath 5.90-6.00 Very volatile stock that offers lots of potential.
Cron is falling from the symmetrical triangle. nothing in the sector is looking good besides aphria. the summer bears are winning but for how much longer? Cron should find support between 6-7 CAD.
Good afternoon It looks like $6 will be the level to watch, if CRON breaks below there it will be going below the 200 EMA and will breakout to the downside of the Symmetrical Triangle. The next level of potential support is the .618 Fib level but it doesn't have a good record of support/resistance in the past, all you can do from there is look for reversal...
I'm Optimistic that CRON will follow the channel Up & not fall out of the triangle. Welcome all thoughts on this ..
Looks like CRON may be ready for a big move? Lets see which way it goes!
This is just an update from my previous analysis. The candle's wick from yesterday landed precisely into the region that I highlighted as its support. Now we need to see a few more candles of reversal or would it melt lower to the 8.11 region. Once it hits the 8.11 price point, I will wait for a reversal candle and then buy in!
Purchase Range: $6.40-$6.70 Target:$7.09 Stop-loss$6.19 Timeline:~2-5 Days $CRON's Quick decent has primed it for a swing today. We've already witnessed the oversold signal from the RSI (hovering 30), and the price is too good to pass up. The stop-loss is set low so no one is forced out of trades early.