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...
The high 2 bull flag from a few weeks ago failed, but the selling pressure is not that strong and is weakening (tails, micro double bottom). This week ticked above last week, triggering a second entry and EMA gap bar, but last week was a doji bear bar, making for a weak buy signal. If this week closes on or near its high, it would be a better signal. There are...
Cautious of a potential weekly bear flag as the CRON oversold bounce is not getting any real followthrough. Currently trading in both a descending channel and a sideways channel, one will break this coming week
NASDAQ:CRON
Looking for a long on Cronos Group. Stoch RSI cross is the buy signal. Recently Marijuana was legalized in Canada and this could pose for a good long term investment.
Well, CRON joins the few pot stocks that have broken out the black in, and it looks like they're going to pull a reversal back from $14 for significant upside if their previous high of $25 is a long term resistance point. The technicals are still bearish, so you might want to wait for some confirming momentum, but don't wait too long and let this rally pass you by.
CRON has been beat into submission. Its down to the 618 the 200 and structure. Like to see it break the descending trend line and hold.
Probably will need to at least double bottom here to do it.
Even with a report of reduced enthusiasm for legalized pot in Canada, Cronos Group (CRON) reported a positive earnings surprise of $0.36 (US) versus estimates for a $0.03 (US) loss. Revenues continue to expand however, issues with distribution, packaging and licensing resulted in slower quarter-over quarter growth. As a result, Cronos Group's stock dropped 12.5%...
Like all others within the sector CRON has hit a brick wall as investors have rung the register and moved onto more stable sectors. Commentators have referenced the Cannabis stocks as a bubble sector and looking at the charts it is difficult to argue. Cronos by no fault of its own, has reached a crazy valuation while still in the development stages. This earnings...
CRON formed a high two bull flag which triggered last week. Instead of resuming the bull trend, prices are continuing lower. There is a bear gap which is still open at $17.80. There has been some decent selling pressure over the past 8 or so weeks with very little buying pressure since the parabolic wedge reversal. The bears will likely get a larger second leg...
