Good risk reward set up here, let's go
CRON is now breaking out of it long term flag pattern. The 9,20 and 50 day moving averages are converging nicely under the price action. The long term consolidation pattern within the flag will lead to more momentum behind a breakout. Looking for a potential 10-13% move before it runs into upper resistance range. Earnings are released August 8th, will want to...
I am not betting for this stock to drop nor in favor of it going up. With the MACD appeared to be seemingly showing signs that it wants to go Bull. It is not good enough. The news might be saying good stuff about CRONOs, but the Canadian cannabis market is a disaster. With the stock trading between the range and close to earnings report. Unless the earnings...
I have to go with what the chart says here. I do not see any evidence of positioning No high volume reactions in the low ground.. or very limited.. I would contend that this is still bearish and needs news or something to get it some life... of maybe all the capital moved back to crypto? Its almost as if the money goes back and forth... GL
Downtrend. TR hovering IVO (in vicinity of) FIB re-trace... looking for volume reactions at the edges... better volume detail using the 15 or 5 minute. GL
This is similar to the NIO chart I just posted, except on a much larger daily timeframe. We can see that it's basing over a support level, and moving averages compressing. As a major bonus, analyst at Hedgeye likes it: app.hedgeye.com I will probably look for a position soon.
NASDAQ:CRON Illinois recently made huge progress by being the first to legalize marijuana through state legislation. I think this is going to be the turning point for legalization across the United States, and potentially even federal legalization sometime in the next couple years. The whole gay marriage thing did something similar a few years back, and I think...
Potential daily bear flag on CRON, If we reject from breaking the high of the previous day and lose the hourly uptrend, that will signal a search for a new daily support. If this happens tomorrow that increases the likelihood of the daily bear flag playing out
I think this thing will take a dip under 13 this week on the H&S. Buy it at the convergence of the H&S target, bottom of schiff channel, support from top of wave 2, and bottom of falling wedge. If you're buying options I'd just as soon take profit or sell covered short term calls when it bounces to the top of the wedge, I think it'll consolidate at best for the...
Look to add for a reversal around the gap area at 14.40
7/7 Current in W(IV) on the Weekly timeframe - Yellow count is invalidated if W(IV) drops below W(I) at 13.95. - White count is invalidated if W(IV) drops below W(I) at 11.90.
Folks, I have to be honest. Canada is in a major repricing of their rated Euro Bonds and especially their currency. I would not imagine it to last much longer. When the tweets start.. Then buckle your seatbelts. We could continue to drop. This Stock ESPECIALLY. This stock trades directly to the Canadian Dollar. Yes. Cronos Group Hlds Ltd is a Public company in...
$15.00 should be the reversal point.