Watching $CRON here to continue making higher lows needs to get above EMA's at around 8.30 to 8.50, then clear wave 1 high around 9.50 This is simply a journaling exercise to keep track of my predictions.
$CRON Target 10.78 for 30.35% Or double position at 5.80 Support Bounce here too— I raised my target a little for CRONos... Let's go, canna-bulls 🤣 I'll let myself out... — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account...
$CRON Target 10.34 for 27.28% Or next add level is at 5.97 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first...
So Tilray has it all, fundamentals..yes i just got the literature, healthy read, from the merger with apha and its looking fantasmagoric. The industry is heating up globaly. Canadian cannabis sector on full boom and consolidation cicle..oportunity everywhere I would thread carefully as always, cause this is a volatile industry..treat as day trade always. Be...
I like this chart. Nice accumulation pattern with kind of an inverse H&S formation. Breakout, re-test and if be bounce here off 200MA - Moon is next. Weed pump Is just getting started imo. DYODD
Cycle wave 3 underway. primary wave 2 not yet finished. As long as CRON is above $9, it should go to $27 then $44 eventually. No time scale given, this could take a year or two to play out. This is a mid-long term hold strategy.
Hi, A bit of a cannabis sector review and shooting the sh...on indicators and strategy. Enjoy!
Comparing top marijuana stocks in the market right now. Including catalysts and price targets
CRON bouncing off support with bullish MACD and daily Stochastic momentum. Weed stocks are likely to reverse in the coming weeks, especially as the market as a whole reverses. If it breaks $10 it can go 11.6+ . Bearish under 8.9. IV relatively low, so go with a debit play.
Expecting $12M to $15M, which would be very good indeed, but investors don't understand Cronos' business model. Are we looking at a WXY, or will the Y morph into a motive wave? Everybody expects that drinks are where the money is. Do we really want to be long smokes? Dunno... just saying.
Plenty of support zones from fibonacci levels, trend lines, and previous resistance. I'm expecting pot stocks to generally remain bullish for 2021, just look for healthy corrections from time to time like I've illustrated here. $8.50 might trigger a lot of stop losses so keep an eye out if we get to those levels.
It is obvious in the last 6 months a new trend started in most cannabis related stocks and most of them rewarded Theron shareholders with decent rewards..! The front runner so far was sundial grower with +440% gain in last 6 months followed by Tilray, CNN, and Canopy. In my view sundial and CANN can reward their shareholders with higher profits not because they...
Does the downtrend end? We broke the downtrend which started in 2017. We broke out of the huge triangle. Looks like it's a trend change. MO has investments in the cannabis sector (cron). The cannabis sector is INSANE right now - so I think it will push MO price. so... LONG
This is now my number two long term growth pick, recently supplanted by the winning APHA/TLRY combo. Still a better company than ACB by a good margin. OGI best value and ACB next best value though, these two been in the trenches for most of 2019 relative to the overall industry. HEXO and SNDL still strugglin but holdin up OK, also great value there but much...