CRON
Cannabis Review and open position chatHi,
A bit of a cannabis sector review and shooting the sh...on indicators and strategy.
Enjoy!
Weed Stocks SurgingComparing top marijuana stocks in the market right now.
Including catalysts and price targets
Bullish on $CRONCRON bouncing off support with bullish MACD and daily Stochastic momentum. Weed stocks are likely to reverse in the coming weeks, especially as the market as a whole reverses. If it breaks $10 it can go 11.6+ . Bearish under 8.9. IV relatively low, so go with a debit play.
CRON Earnings Coming UpExpecting $12M to $15M, which would be very good indeed, but investors don't understand Cronos' business model. Are we looking at a WXY, or will the Y morph into a motive wave?
Everybody expects that drinks are where the money is. Do we really want to be long smokes?
Dunno... just saying.
CRONOS pot stock outlookPlenty of support zones from fibonacci levels, trend lines, and previous resistance.
I'm expecting pot stocks to generally remain bullish for 2021, just look for healthy corrections from time to time like I've illustrated here.
$8.50 might trigger a lot of stop losses so keep an eye out if we get to those levels.
Which Cannabis Stocks make you more High..?It is obvious in the last 6 months a new trend started in most cannabis related stocks and most of them rewarded Theron shareholders with decent rewards..!
The front runner so far was sundial grower with +440% gain in last 6 months followed by Tilray, CNN, and Canopy.
In my view sundial and CANN can reward their shareholders with higher profits not because they are fundamentally better companies, but because of their lower market cap..!
The question is what kind of experience are you looking for???
This is just my technical view, and I wrote this because I see these stocks gaining momentum..!
I don’t promote any cannabis consumption by any means..!
Moshkelgosha
MO - possible a good spot for LONG.Does the downtrend end?
We broke the downtrend which started in 2017.
We broke out of the huge triangle.
Looks like it's a trend change.
MO has investments in the cannabis sector (cron). The cannabis sector is INSANE right now - so I think it will push MO price.
so... LONG
[CGC] Will be Loadin up Before Next Uptrend CrossThis is now my number two long term growth pick, recently supplanted by the winning APHA/TLRY combo. Still a better company than ACB by a good margin. OGI best value and ACB next best value though, these two been in the trenches for most of 2019 relative to the overall industry.
HEXO and SNDL still strugglin but holdin up OK, also great value there but much riskier. CRON has been very quiet but holding at a steady level at least.
I'm really loving my IIPR, YCBD and VFF pickups from a few months back too.
Kickin myself for missing GRWG, waiting for better value now.
Aurora Cannabis - Mother of all Squeezes (100%+ upside)ACB about to go parabolic. Similar to Tilray, golden cross about to form between 20 and 200 day moving averages.
The last impulse rallied just shy of 250%, or $10 usd.. With the blue wave on our backs, we should easily see the same impulse of $10 which brings us to $22. There's a gap looking to be filled between $20-$24.
This stock is a Robinhooder's dream. Target price set to $24.
If the rally in the MJ sector continues, we could easily see $26, $31, or $46 in days.
CRON A historical cycle back ? CRON This cycle forecast, this cannabis stock is 100% cyclical, do you have any ideas?
#CycleStocks.
cron selll put 7 30 days 15 Jan 0.3bounce from long downfall
we can buy long call, but IV is 60 currently at cmp 8.21 16 dec
CRON Downside?Looks like warped piece of corrective structure. Biden win pump did not change my feeling that this will see $6.30 before anything.
CRON primary count establishingI 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 confirms bottomCRON 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. Above 9.15 would have us looking for a 4-5 continuing pattern off the 4.62 low. RSI and MACD pointing straight down, so a bounce is not far away. We will patiently wait for signs as to what is to come, trading around our core position entered earlier. Sit tight and mellow out my friends!
CRON New 2020 High? +Trade Setup (>92% Potential Profits)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 just under the 2020 highs and holding above all EMAs, we can expect additional growth in the near future. In the long run, this could rally to $33 (+200%) or higher. However, a potential short-to-mid term trade setup now could be:
Entry: $10.00-$12.00
Targets: $15.00 (+36%) | $21.25 (+92%) | $27.25 (+143%)
Stop loss: daily close below $8.50 (-15%)
Let me know what you guys think down below and leave a like if you appreciate the analysis. Also, check out some of my other ideas and follow my profile for more chart analyses and profitable trade setups! Thanks for reading :)
Price at writing: $11.04
Developing trade cannabis market All cannabis stocks about to become daytrading gems again. Buy the rumour selll the news.
Good luck!
