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.
Good analysis, it’s probable to far exceed ATH by end of year and stock could go off the rails starting last week. I see touching closer to $50 by end the year. Virginia just decriminalized and we now have 47 state’s legal for medical, decriminalized or legal all together. The marches and covid blew the top off. Weed has show resiliency in recessions. Expect this to perform closer to a Johnson and Johnson or a medical company. Altria partnership is insane competitive advantage.