updating long term... biggest taint tickle comes from seeing these long term charts have reactions to analysis done days,weeks,months ago... the tickle is prolly hindsight kicking me in my taint. Dat bottom right channel doe!
I've add some lines for a developing channel. There's a gap to fill right below the current price at ~$14.50. It could fill and still maintain the trend and added channel. Best case scenario, it closes with a hard bounce early AM. If it loses $14, however, I'll likely assume the short scenario.
Disclaimer: This is my own speculative opinion and is not financial advice.
Updating my thoughts on my previous idea about a CRON when it exited the downward wedge for a possible breakout. The first two days looked promising, but since it has not been at all positive for CRON or SPY . I'm adding some expanded possible influences in this view to try and get a better understanding of the next possible move.
There's a combination of...
On Cron we pulled back and rejected the 61.8% fib level, weekly support(blue) and 100SMA. Now that we broke the CTL and rejected it we are going long.
My arrows are purely for educational and visual representation of how i would like the trade to play out for executions. I have no interested in continuing to sell the majors against the USD as we are already so...
Disclaimer: This trade is only for the patient.
- After a few weeks of consolidation, a safe entry can be initiated.
- Weekly cloud is thick in volume showing bullish trend is intact.
- $CRON has significant advantage over their piers having a helping hand from $MO (Altria). With their cigarette distribution system, 1.8 billion investment & connections to more...
8 and 26 EMA crossed bullish on the 4hr chart. Daily indicators are hitting the sweet spots. If we can just get her above the 50MA, we may be looking at the start of another bull run.
Needs to push just a little higher. Levels on watch!
CRON - I am bullish here. Significant downtrend lately. Nice piercing candlestick with a nice looking RSI. MACD/Price action Bullish divergence. Might need a bit more time but I am watching for break of the downtrend and hold for confirmation.
* I really like this setup.
1. RSI is GOOD Undersold
2. Stochastic is GOOD Undersold
3. Possible Bounce Of 150 MA its GOOD
4. Volume not so GOOD we need more volume.
5. Earnings Announced on march 9th, $0.48 per share prediction was -$0.04 its surprise by $0.52 (1471.43%) Very Good.
6. 50 MA above 150 MA its good.
Key resistance at $17.59 and $19.94 because its a double wall Fibonacci...
