cvachon

cvachon

Annotations in Chart

cvachon

This one explains itself.

cvachon

Plenty of room to fall...

cvachon Updated 

Explanation inserted in graph.

cvachon

A simple, but helpful long-view.

cvachon

This requires little elaboration; Cron looks ready to pop in November.

cvachon

I am basing this off of the patterns seeing in the first Elliot cycle which just completed. Obviously, it is difficult to see this far out, but Cron trades well technically. Here is the possible formation that waves 1,2 and 3 might take, based on the patterns seen in the last cycle.

cvachon Updated 

The recent high volume selling has shifted the nature of the chart from a symmetrical pennant (see my earlier post), to what appears to be a downward channel in the primary trend. This shift was sparked by the ACB block scale (the stock was close a reversal to the upside until this news broke). It is very difficult to say where the bottom will be found. The...

cvachon

This is where I think we are, closing in at the end of the ABCDE, ABC, ABCDE consolidation. If the chart holds, I am looking for the final E wave to bounce off the channel around the 8 USD mark, and from there, we begin impulse wave #1 of the next Elliot cycle.

cvachon

Watching this stock has been painful, but the end (or the ending) is near. There is the beginning of a possible upward channel that we might see emerge if positive catalysts (nasdaq up-list, increased revenue, sponsorships...) emerge. At the moment though, the stock is consolidating beneath that trendline. If it doesn't reclaim the line soon I am afraid that it...

cvachon Updated 

It looks like we are at the end of a complex consolidation. I think we might continue to see some sideways momentum as the cannabis sector continues to get slammed. However, the chart suggests we are at the bottom. Looking for a breakout and beginning of the next leg up.