CRON
I can get a high off herb and off the $$ to be made off CRON hitting $30, on my BIRTHDAY. Exit at $35 the latest tell FRIEND FRIEND FRIEND!
I picked me up some wicked wild CRON July 19 call option strike $23, $24, $25, collect em all!
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Possible quick dip to $19, before the jump off to $29. I’m all REALLY liking the chart on CGC right now. A bullish flag has formed. (check out next idea post on that).
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Right inline with expectations.
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What can I say, I’m surgical w this sometimes...
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If CRON crack through this green line again, I’m out of this trade. Especially with earnings next week.
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Never broke the dotted green.. Gooooood. Still has to break above $18.72 to know if we got that OG kush push.
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CRON did break down through the green line, executed my stop loss. However, if the golden zone support it just bounced off today holds, then I’ll be rebuying back it. Another option from here is to double down with calls 3-6 months out, only with a lower strike price. Say, $18-$20 range. That will be enable profits but with a lower risk to make up for the loss on the rebound.
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Yeeaaaa buddy, bounced perfectly off the golden pocket zone, pointed out in the previous update, which is technically the space betwn the 0.618 fib level and the 0.65 fib level, from the fib retracement pulling FROM the late Oct’18 low ($6.47), TO the early Feb’19 High ($23.13)...
Looking at current chart, I’m really liking his setup we got here.. Just bounced perfectly off a golden pocket = EXCELLENT, with the following:
RSI - Been waaayy oversold to long = VERY GOOD.
MACD - Trading below the moving average with a very recent divergence in momentum = Just GOOD, and
OBV - On balance Volume, has certainly had a change in direction = Very Good... I’m got scared for a min but just increased all my call positions by 50%. 2-6 months out is sweet spot for risk-reward now.
Looking at current chart, I’m really liking his setup we got here.. Just bounced perfectly off a golden pocket = EXCELLENT, with the following:
RSI - Been waaayy oversold to long = VERY GOOD.
MACD - Trading below the moving average with a very recent divergence in momentum = Just GOOD, and
OBV - On balance Volume, has certainly had a change in direction = Very Good... I’m got scared for a min but just increased all my call positions by 50%. 2-6 months out is sweet spot for risk-reward now.
Comment:
Correction.. the fib retracement pulls from Christmas Eve low to the feb 2019 high. Not October low.. And that would be from the end of 2 wave, to the 3 wave high, and fingers crossed that the 4 wave correction has been completed, and now the 5th wave up is going in.. In elliot terms
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Out of Log scale format, uncovered some confluence. This is very good bullish signs unraveling here.. The 2 next litmus tests for confirmation is the red 50 fib at $17.34, and the BIG DOG level range at $18.72—$19.18 (likely not going to bust thru on 1st attempt there).