ACB about to go parabolic. Similar to Tilray, golden cross about to form between 20 and 200 day moving averages. The last impulse rallied just shy of 250%, or $10 usd.. With the blue wave on our backs, we should easily see the same impulse of $10 which brings us to $22. There's a gap looking to be filled between $20-$24. This stock is a Robinhooder's dream....
CRON This cycle forecast, this cannabis stock is 100% cyclical, do you have any ideas? #CycleStocks.
Just look at it. Its smiling right back at you.
bounce from long downfall we can buy long call, but IV is 60 currently at cmp 8.21 16 dec
Looks like warped piece of corrective structure. Biden win pump did not change my feeling that this will see $6.30 before anything.
I am still looking at the MJ sector as a whole needing to see more upside soon. Right now I think we could still be just establishing a 3rd wave, and I could see it continuing up from here. However if we continue to break down and need to make another 12 or another count becomes clear we have a nice support zone sitting on the breakout.
CRON makes a nice impulse bottom forming pattern off the 4.62 level. Five up, following the pattern we were watching and trading. Major support at 4.00, with this making a tasty 1-2, i-ii to trade. Now it's decision time, as we are watching both an ABC correction pattern targeting 7.23 price zone that is around the 38.2% retrace off the 4.62 low to 9.15 high. ...
Hello Fellow Traders, Today we are looking at Cronos Group Inc ( CRON ) on the TSX. As we can see, prices have been correcting after peaking in July around $35. However, the new 2020 high set just recently is only at $11.85. We can see a double bottom printed this year on the daily chart , as well as the bullish falling wedge pattern. With prices consolidating...
All cannabis stocks about to become daytrading gems again. Buy the rumour selll the news. Good luck!
This is a 1-month chart, which enables us to see the very long-term trend. Honestly nothing is really happening yet, we maintain a consolidation for almost a year, after a long-term heavy decline. Fundamentally, nothing has shifted yet, but it looks like there is some interest with Biden getting nominated. Stocks are undervalued; that doesn't mean they can...
Great uptrend with the golden cross setup. It is important to note that the sector is getting more attention.
Bear count in red, bull count in blue. I'm thinking a buy around the gap close could be a reasonable try. Then look for an exit if it breaches wave 1 territory.
I am selling my position today at opening. With Biden president elect, I think it is time to sell the news. Not in the least because it seems to open right at resistance, and the primary degree count shows we still need a 5 wave move down to complete primary wave 2, also known as the bubble correction. I see the same for other assets I am holding (APHA,...
OK so another that took off on the buy the rumor is $CRON. Rumor has it with the results of the Presidential Election that the new Federal government will look more favorable towards cannabis and take it of the Schedule 1 drug list. As per our pattern, CRON got its wave 3 all the way to our wave 5 target around 8.13. No matters, extensions happen. If 3 is...
Though it all looks impulsive, I see too many signs of weakness. This would just be corrective bounce, still looking for a monthly lower low. Lets see it break $6.80 and close above. Maybe that'll bring out the bulls.