laventa

$CRON following pattern very nicely, where to add?

Long
NASDAQ:CRON   Cronos Group Inc. Common Share
OK so another that took off on the buy the rumor is $CRON. Rumor has it with the results of the Presidential Election that the new Federal government will look more favorable towards cannabis and take it of the Schedule 1 drug list. As per our pattern, CRON got its wave 3 all the way to our wave 5 target around 8.13. No matters, extensions happen. If 3 is over, and we think it might be, then expect pull back towards the 6.45-7.00 level. That is our buy zone. If we get a shallower pullback (the market owes us nothing), then a sign of real bullishness. But if it follows our current levels and drops to our buy zone, then we expect a target for finishing wave I of 3 of 9 or higher. Keep it real folks, and mellow out.

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