CRON Stock Price Forms a Bullish Pattern ahead of the Report
The Cannabis Stocks market has experienced a significant decline since its peak in the spring of 2019. The share of the Canadian company Cronos (CRON) then formed a high above USD 24, and trading yesterday closed at USD 2.55.
However, even after the CRON share price fell 10 times, there are still...
NASDAQ:CRON (Cronos Group Inc)
SIGNAL ON!
Tri monthly data is suggesting a rare massive shift.
It is now showing a bull head signal on this extremely long term timeframe.
THIS IS EXTREMELY RARE.
LAST TIME IT HAPPENED WAS 3 YEARS AGO ON JANUARY 2021.
AND THIS IS ONLY THE THIRD TIME THIS HAPPENED
ON ITS 8-YEAR LISTING HISTORY.
SOMETHING IS DEFINITELY BREWING...
In today's analysis, we'll delve into Cronos Group (Ticker: CRON) and its recent price action. CRON has exhibited interesting patterns since the Covid era, presenting a potential double bottom formation. Join me as we explore critical resistance levels and targets, offering insights into potential market movements.
Cron price to book .77. Daily SFP on the 20 day low and bullish divergence. first target 2.61 for a 8.3% gain stop loss at 2.38 for -1.24% for a 6.67 R trade will see how it reacts when we get there for a potential next leg up.
Fundamentals:
+ Weed
+ Established pharma and re-creational contacts.
+ Key moment for the "Legalize it" movement
Opinion:
Cron and Aurora canabis are the main names in the publicly traded cannabis's industry. As governments attempt to fight inflation while walking the recession line, it becomes a "Win-Win" for legalization and governments. A number of...
Cronos Group, Inc. engages in the production and distribution of cannabis. Today we will take a look at the chart, and we will define what's the scenario we are waiting for before trading.
Between 4 to 5 dollars we can see a support level that has been working since 2018. That means that we are in an interesting situation regarding a historical low from where we...
We are heading into an accumulation zone on many companies within the sector. It seems that valuations on Canadian companies are quite a bit cheaper for their own reasons. My take, put capital to work at attractive levels in some of the leading players. Maybe before the politicians try to get reelected in 22 and need something to pass in order to have a leg to...
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With international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE...
