Wait!
I am not betting for this stock to drop nor in favor of it going up.
With the MACD appeared to be seemingly showing signs that it wants to go Bull. It is not good enough.
The news might be saying good stuff about CRONOs, but the Canadian cannabis market is a disaster.
With the stock trading between the range and close to earnings report.
Unless the earnings report is super positive, I don't see any reason for this stock to raise.
Only chance for a buy in my opinion:
1/ MACD showing clear signs of bullish momentum.
2/ Positive earnings report.
3/ Breakout of resistance level.
Until then, keep waiting. :P
With the MACD appeared to be seemingly showing signs that it wants to go Bull. It is not good enough.
The news might be saying good stuff about CRONOs, but the Canadian cannabis market is a disaster.
With the stock trading between the range and close to earnings report.
Unless the earnings report is super positive, I don't see any reason for this stock to raise.
Only chance for a buy in my opinion:
1/ MACD showing clear signs of bullish momentum.
2/ Positive earnings report.
3/ Breakout of resistance level.
Until then, keep waiting. :P
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.