Lying in wait for one final low in CRON

Long

Cronos Group Inc. Common Share (NASDAQ:CRON)

Updated

NASDAQ:CRON Cronos Group Inc. Common Share

Chart Patterns Trend Analysis

chartpattern trendanalysis

I think after a hit of 8.0 region in CRON, we will be off to the races

Comment:

Now that we are here at 8.0, if thesis is still valid, we should see blastoff in the near future. Further weakness will not bode well for this pattern

Comment:

Support is at 7.77 - we are still above it, so thesis is valid.

I can allow one daily close below it, but no more than that

Comment:

Amazing bottoming action imho. If we see upward action today, i will be treating it as a buy signal

Comment:

Tightening stop on short term stuff to B.E

Comment:

So far so good - no real changes to thesis - expecting 10-12 as a first stop, then 20 before a retest of the 10 region

Comment:

Well no brainer - I am out at B.E but just stating it

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