Just posting this for my own trading records to look back on. Overall market will dictate this price movement, but this trade has about 10% downside with 100% upside. Many MJ stocks have similar setups, but for example, GRWG has no level of support with a 25% downside risk, with roughly the same amount of upside.
SPARK IT UP OR LET IT SIT? Cresco Labs Inc. has been trading south with some funky price movements, but can this 'funk' produce some good highs? -- No. On the weekly chart, #CRLBF looks to be starting it's 3rd wave on the interval cycle and will push price down considerably the next week or so before tapping in the help of the 3/4 correction wave prior to...
Pretty had to find a more beautiful chart. Looking for the break of the falling wedge for confirmation.
Loving this company for a long term play. This is alot of demand below.
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Goodbye Drug Wars. Jobs & Justice. #cannabisboom2021 & beyond. #MSOgang $GNLN #thegem
Look like it's ready to breakout. I got price targets of $13 and $16 after the breakout.
Cresco is ready to launch higher. It already broke out of the Inverse Head and Shoulders and it is currently flagging. Price Target 1 - $13.30 but it will likely go higher Thanks
Not sure about the initial waves. Low volume, hard to count. Asset could double still, easily. One of the potential future market leaders, yet, trading at a discount to its peers.
Hello Everyone, With President-elect Joe Biden set to take office in the new year, marijuana stocks may gain some positive momentum. My prior analysis back in June of this year predicted a consolidation followed by a breakout (see below). It now seems price has entered a more bullish territory. Now may be a time to consider additional long positions. On...
So far nothing impulsive, but wave 5 could still extend here.
Many pot stocks have bottomed. CRLBF is supposed to come with killer earnings, but Trump blocking stimulus may see us dump before pump.
Earnings beat and a solid confirmation of successful integration of Origin House. Will we see a break out today? After all, these are not the kind of earnings to sell, if you ask me.
Cresco Labs Inc. engages in the business of cultivating medical grade cannabis, manufacturing medical products derived from cannabis cultivation, and distributing such products to medical or adult use consumers. It focuses on regulatory compliance while working to develop condition-specific strains of cannabis and non-invasive delivery methods. The company was...