McGuireTO

CRON backtests previous resistance as support - will it hold?

TSX:CRON   CRONOS GROUP INC
CRON saw the anticipated hourly pullback to cool off RSI levels and backtested previous resistance as support. Key level support is the low of the day, and key resistance is the high of the afternoon bounce.

Keep in mind the past 10 weeks have been an incredibly bullish market environment, which is perfect for MJ bull runs to thrive in. We've been seeing weakness for the past few days and if this weakness in the S&P500 continues, that will have downward pressure on the MJ sector as a whole. Never lose sight of what the overall market is doing!

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