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BBTrader29
Jun 17, 2020 8:50 AM

CRON Round up Long

Cronos Group Inc. Common ShareNASDAQ

Description

CRON has rested support at the $6.7 area. It looks as though it will round up back to 7.27 which will act as resistance. This will be an 8% profit potential play
Comments
Barkworth
Thanks for this insight. It made me take another look. I think CRON really has to break above $6.80, as I have assumed that the $6.40 to $6.80 range could be considered a zone of resistance. I see your point made on the daily charts. The hourly seem to look at $6.60 at the moment, and while the MA50 is posing resistance, we're trading above MA20 and could see a final push higher.

These are just my thoughts, good luck to you.

mattyghost1
@Barkworth, looks like a break to the bearish side today
BBTrader29
@mattyghost1, @Barkworth yeah it’s close to my stop of letting it go. Tomorrow may be decision day
Barkworth
@BBTrader29, just trading with the market, isn’t it. OGI earnings tomorrow. A beat would help. Maybe.
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