alicecrypt

Cronos Group continues descending channel

NASDAQ:CRON   Cronos Group Inc. Common Share
Cronos group is currently trading within a steep downwards parallel channel . My expectation is that this channel will break within a few months, steep channels like this rarely last this long on non logarithmic charts. I would love to buy an accumulation towards the bottom.
Trade active: Entered via 2 year LEAP options. Price broke out on the Canadian chart, expect U.S. to follow. Don't mind holding for a few months.
Comment: Tested highs, slight dip from earnings report, generally holding up pretty well vs general market in my opinion.
Comment: Price now comfortably above channel. Also broke out of a symmetrical triangle.

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