Lying in wait for one final low in CRON Long

NASDAQ:CRON1D

Cronos Group Inc. Common ShareNASDAQ

Description

⋅ Oct 7, 2019 3:23 PM

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

Comment

⋅ Oct 10, 2019 6:13 PM

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

⋅ Oct 11, 2019 8:19 PM

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

⋅ Oct 15, 2019 2:46 AM

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

Comment

⋅ Oct 16, 2019 9:38 PM

Tightening stop on short term stuff to B.E

Comment

⋅ Oct 24, 2019 5:22 PM

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

⋅ Nov 15, 2019 7:31 PM

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

Chart Patterns Trend Analysis

Comments

venswam

⋅ Oct 15, 2019 8:52 AM

You have predicted correctly. I agree, is buy signal. Thank you.

Barkworth

⋅ Oct 15, 2019 4:51 AM

It dropped so hard, but then it slowly recovered and closed above your indicated support. I was watching it the whole time, hoping it wouldn’t bounce back down at 7.77, and it didn’t.

APHA reports earnings before the bell today.

Barkworth

⋅ Oct 12, 2019 7:34 AM

In case it drops more, I am only planning to accumulate more shares. This broader panic is creating some fantastic opportunities. CRON is trading at about 50% of what could be considered fair value for this company, considering its fundamentals.

Of course, I am not talking from a traders perspective.

Barkworth

⋅ Oct 12, 2019 7:38 AM

It is TGOD’s announcement that it doesn’t have enough cash to finance completion of its two facilities, and HEXO’s announcement that it won’t be able to generate enough revenue, that is causing this extended sell off. Some players are going to get culled soon, and it will be a healthy thing. TGOD’s current share price makes it impossible for them to find alternative financing. Tough stuff, but CRON has just about the healthiest balance sheet of all of them.

Lets see if that support holds. Thanks for the update.

Barkworth

⋅ Oct 7, 2019 7:40 PM

Yes, I agree totally. I’m in!