The first time I was introduced to CRON it was at $23/share and my first thought was it was a sell. Now that the early buyers have taken their profit and more states are looking at legalizing marijuana, it is ready for another run to new highs.
Using a logarithmic scale and Fibonacci retracement, we can see that the 61.8 lines up very nicely with an ascending...
Based on a multi-month descending triangle formation and a big earnings miss, I'm looking to short Verizon at around $56. The short term has a good bullish candle at the end of last week after bouncing off a long standing horizontal support, but I expect it to bounce again when it hits the descending trend line at both price and RSI. Stop loss would be around...
Idea for setting limit order at $120 for NASDAQ:NVDA which should be the 200 day SMA around 2018 year end. TP1 is $160 (23.6% fib) with SL at $100 for 6 months. This gives R:R ratio of 2:1. SL moves up to $110 after 6 months and TP2 moves to 38% fib retrace of 2018 market correction.
