BBTrader29
Long

CRON Flag Breakout

NASDAQ:CRON   CRONOS GROUP INC
CRON is now breaking out of it long term flag pattern . The 9,20 and 50 day moving averages are converging nicely under the price action. The long term consolidation pattern within the flag will lead to more momentum behind a breakout. Looking for a potential 10-13% move before it runs into upper resistance range. Earnings are released August 8th, will want to sell before that point regardless of profit target being reached or not.
Trade closed: stop reached
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