chinawildman
Long

quick flip 13 to 15

NASDAQ:CRON   CRONOS GROUP INC
I think this thing will take a dip under 13 this week on the H&S . Buy it at the convergence of the H&S target, bottom of schiff channel, support from top of wave 2, and bottom of falling wedge .

If you're buying options I'd just as soon take profit or sell covered short term calls when it bounces to the top of the wedge , I think it'll consolidate at best for the next month around the .618 retrace so why burn premium? Long term holders may wanna just hold it until it either breaks out or dump it on a breakdown past 12.50. Could it be a $30 stock before the end of the year? Yea sure, but I'd rather wait for technical confirmation and/or a legit fundamental catalyst.
Comment: Just drew another schiff and voila, lines up with all the other lines... everything points to a low of around 12.50-12.75 on Thursday of this week, let's see how close we get.
Comment:
I'm still new to the game, very new. I am seeing your post and it blows my mind how close you are to being exact. Crazy, hope I can reach this level of accuracy soon. Nice one mate
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@SAZ_777, LOL I was actually off by a few weeks... but the PT remains there. Thx bud.
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I follow CRON as well and not sure I see the $12.50 area. Why a break below the .618 FIB?
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@BobbySpa, I wouldn't expect it to close under the .618 level on the day... would likely be a quick intraday reversal with a long wick. These pot stocks like to go hunting for stops.
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BobbySpa chinawildman
@chinawildman, I have felt like it’s looking for a lower number especially when it completely filled the gap on Friday and went below 14.40. Sold half a position today on strength. Not sure we see the 12s but thought we would have a better test of the 13.51 from June 3. Today’s 13.91 just didn’t seem right.
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Any thoughts on apha?
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@leftey, Here's what I see... again like most pot stocks I think consolidation is prolly in the cards for next month or so.

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