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Barkworth
Oct 8, 2020 6:55 PM

CRON - Bearish Count Invalidated 

Cronos Group Inc. Common ShareNASDAQ

Description

Pot industry pumps on Harris comments during debate.

Breaching into the territory of wave 1 invalidated my bearish count. I'm switching to bull.

Currently looking for a break above $6 with large volume, or gap closes down below. The current move looks impulsive, but could just be a WXY followed by 5 waves down. If it is impulsive, we should see a small correction before pushing higher.

Levels on watch.
Comments
venswam
Ok. I Agree.
Barkworth
@venswam, charts are always neutral. We can't complain. We can only try to find entries and exits so that we make money. We've just consolidated intra year from a bubble. Anyone bullish before was naive, unless bullish with a 5 year time span. CRON is doing great, but CRON needs time, lots of time. I love playing CRON, because I believe in this company. I don't believe that it will go to $400 in a straight line. Therefore, sometimes upside, other times downside. Being short term bearish is still long term bullish.

Apology accepted.
venswam
@Barkworth, Thank you.
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