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Are Pot Stocks Back? Potential Breakout Opportunity

Long
Cronos Group Inc. Common Share (NASDAQ:CRON)  
tradingwithyg  
NASDAQ:CRON   Cronos Group Inc. Common Share
Support and Resistance Triangle Fundamental Analysis CRON POT marijuana marijuanastocks ACB mj STZ election
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supportandresistance triangle fundamental cron pot marijuana marijuanastocks acb mj stz election
CRON has broken out of the descending triangle pattern (reversal) with a strong bullish candle (+21%) on 6/8/20. This is an interesting setup since the descending triangle chart pattern seemed to form at the end of the downtrend. Over the last several months pot stocks have gotten hammered. Some stocks even falling +90% during the bear market. The fundamentals are beginning to align, and general market sentiment has greatly improved. If sentiment remains positive, there is a possibility that CRON will continue to rally into election season. If there is a strong push for more states to legalize marijuana, then except additional momentum.
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