CRON is basically the same as CGC. Huge bear volume on Friday with a 10%+ pull back. Bull flag has been negated and we are looking for a daily higher low compared to 6.38.
Watch for SPY correlation as it will have a factor in the timing of the bounce. Also watch correlation with CGC and other canadian MJ names. Remember, RSI levels could get to extremes if market pulls back hard.
Friday news on CGC; new CEO revealed they have not rolled out the beverage products as previously thought; this quarter will not have those sales, and CGC is still in the R&D, cash burn phase; this might help explain the reason for the new CEO; shook the whole sector