For long term investors this is a decent place to enter and hold. Cronos is a great stock to sell covered calls against as the call premiums are high. Sell calls 2-6 weeks out of the money and collect the income until you get called. Strong cash position to endure the research and development strategy of Cronos. Doesn't hurt to have Marlboro (Altria - ticker...
bounce from long downfall we can buy long call, but IV is 60 currently at cmp 8.21 16 dec
Backtest complete and uptrend from the inverse h&s expected to continue. Targeting 12-13 supply area.
Looks like warped piece of corrective structure. Biden win pump did not change my feeling that this will see $6.30 before anything.
I am still looking at the MJ sector as a whole needing to see more upside soon. Right now I think we could still be just establishing a 3rd wave, and I could see it continuing up from here. However if we continue to break down and need to make another 12 or another count becomes clear we have a nice support zone sitting on the breakout.
CRON makes a nice impulse bottom forming pattern off the 4.62 level. Five up, following the pattern we were watching and trading. Major support at 4.00, with this making a tasty 1-2, i-ii to trade. Now it's decision time, as we are watching both an ABC correction pattern targeting 7.23 price zone that is around the 38.2% retrace off the 4.62 low to 9.15 high. ...
Hello Fellow Traders, Today we are looking at Cronos Group Inc ( CRON ) on the TSX. As we can see, prices have been correcting after peaking in July around $35. However, the new 2020 high set just recently is only at $11.85. We can see a double bottom printed this year on the daily chart , as well as the bullish falling wedge pattern. With prices consolidating...
Toronto-based Cronos Group has always played it safe by not aggressively going after acquisitions, instead using cash to focus on research and development with its products. With steady revenue numbers, it has kept its balance sheet strong enough to at least survive the COVID-19 storm. At the moment, Cronos's business is predominantly in Canada, though its...
Most of the hype for marijuana stocks has now subsided from 2 years ago. however we have been carefully buying as each opportunity on the lower green buy line has presented itself. Cron is in the accumulation phase now, with what looks to be another great buying opportunity soon. looks like another Gartley pattern may be arriving soon! then buy along the green...
Short term short possibility, long term buy. This is an update from the previous CRON as a Gartley pattern published Last month. The green buy line shows a 78.6% retracement. Officially a shark pattern will pull back Even deeper at 88.6% retracement. That would give us a very, very, nice price to cover shorts and buy long and load up again!
Great uptrend with the golden cross setup. It is important to note that the sector is getting more attention.