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dafster17
May 12, 2019 10:15 PM

CRON - Bullish divergence observation. Long

CRONOS GROUP INCTSX

Description

CRON - I am bullish here. Significant downtrend lately. Nice piercing candlestick with a nice looking RSI. MACD/Price action Bullish divergence. Might need a bit more time but I am watching for break of the downtrend and hold for confirmation.

* I really like this setup.

Comment

Looks to have poked out of the patter to the upside and is battling the resistance line here.

Trade closed manually

I forgot to update this. I sold when it failed to break resistance. It has since tumbled and expecting to see a bounce off the former trend line nearing support.

Closing chart
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