CRON Gapped up this morning, and is filling the GAP, a sell stop is placed at 16.10 , (the gap fill price).
ADX mark a nice down trend, directional index too, su under 16.10 , we can join the trend again, nice and easy.
As charted in today's YouTube video, full details on how I arrived to the counts there.
Cronos is one of the older assets in a young market. On a long term view, I believe it's in the final waves of it's current cycle. However, that doesn't mean that it can't make significant new highs. It appears to be forming a flat continuation pattern here. With fundamentals...
A possible final bottom for $TLRY could be around $34 , last swing high of last summer.
The EW count now seems to be still incomplete and the weakness of the entire sector could bring the price in that sweet spot.
Keep in mind that Tilray is still one of the most overvalued stock in the cannabis sector with a market cap in the hundreds of times its revenues.
No Joke. ... cause it's that day, ehhh, ok. so;
We could find support at the current level, on the 786, but if we don't it's likely a more complex correction that just might land in the golden zone, possibly maybe.
>>>I'm a noob in the #mj markets but this is a classic wait and see for me in my own opinion here basically mostly based on my own opinion which is...
I've been trying to make sense of CRON for some time. Finally, we see direction emerging. Channel found, short term moves on par with analyst targets. Looking for the lower bounds of the channel for an entry, otherwise not interested.
Dear Cannabis Sector friends!
In our previous TLRY idea we had asked ourselves: Can TLRY repeat what EOS from crypto space did already? (See the link below)
The answer is: Yes. And this is the beauty of Technical Analysis: No matter where you go, which market you wanna play, human psychology never changes.
A beautiful descending triangle gets broken bearish,...
I can get a high off herb and off the $$ to be made off CRON hitting $30, on my BIRTHDAY. Exit at $35 the latest tell FRIEND FRIEND FRIEND!
I picked me up some wicked wild CRON July 19 call option strike $23, $24, $25, collect em all!
NO bullish divergences on RSI, getting pretty long and deep for a 4... we at the edge of a gap in the vpvr, coming to some geometry and some fibs and fib time, vegas waves coming up for support, then its 420 from there?
spelled my name wrong...I R adult...Looks like there is some geometric and fib reactions on on the daily charts , but will this pivot hold??!!!...weeklies are like meh ...Notice how I mostly post charts where the price action is reacting in accordance to my chart analysis..I must be getting the hang of this whole posting charts thang....troll face.
Looks like there is some geometric and fib reactions on on the daily charts, but will this pivot hold??!!!...weeklies are like meh...Notice how I mostly post charts where the price action is reacting in accordance to my chart analysis..I must be getting the hang of this whole posting charts thang....troll face.
Weed looking weak on daily, broke down pennant. Waiting for USA banking vote, moved down on CRON earnings past 2 days, CTST had bad earnings too. Will wait for 50% Fib retrace and see if markets roll over. Good luck!
What a fascinating ticker to watch. Forget about what the analysts or ER reports say, people just seem crazy for this stock. Missed the dip buy this AM / no current position. Watching for return to red zone for buys if there is a double bottom.
Just digging into the #mj stock world. Looking at Cronos. Possible H n S pattern forming. Charts are fractal. We see repeating patterns. Maybe it's because the human brave craves form in repetition or maybe there's some deeper underlying level of connectivity. Either way we saw a head and shoulders play out earlier with very similar volume and RSI...
2 counts, left is weekly and right is daily for each count. Think we coming down for the 4, we are at some channel and PF fork resistance/support, but they are just imaginary lines. Could go deeper then the .5 potentially depending on the market over all. It my go as deep as 15 dollars ish. Deeper than that or even more time sideways may call for a recount. Monday...