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CRON

CGC Weekly AnalysisCGC has formed a failed bull breakout and small final flag reversal (failed breakout of tight trading range). It also tested the middle of the tight trading range from the previous all time high which was a target. However this is the first reversal attempt since the January rally and the selling pressure wasnt that strong. The bears need strong follow through in order to convince the market the reversal is in. If the market ignores the sell setup and instead prices continue to rally, the bulls will likely get a new all time high, or a test of the previous high.
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by tradersmentality
CRON Setup Looking at the larger time frames, you can see that we have retested the 50 week MA multiple times during this bull run. What I would like to see for an ideal setup is a back test of the support line at around $13, which if timed right would coincide with the 50 week MA. MACD is still trending up, and the RSI is approaching a significant support zone. The current bounce in price action has yet to indicate any kind of real strength, and it looks as if we are just in a bear flag. With this in mind, I believe that we will drop into the Buy Zone highlighted, where I will be looking to scale in some Long positions. Thanks for viewing, good luck trading!
NASDAQ:CRONLong
by kickflip360
WEED weekly analysisWEED WEED is in a broad bull channel with good buying pressure and no strong reversal yet. The bears recently attempted to form a lower high, but prices are stalled at the EMA and set up a nested high 2 /wedge bull flag. The bulls have a breakout gap below around $47.50. If it remains open, prices will likely test the all time high. A new all time high could form a wedge reversal down, at which point bulls will likely take profits and wait for two legs sideways to down before buying again, unless the reversal is strong.
TSX:WEED
by tradersmentality
TLRY Weekly AnalysisTLRY TLRY had a strong bull rally soon after it went public but formed a buy climax (tail). Since it has been correcting down to test the bull breakout. The selling pressure is not great and is accelerating, possibly setting up a wedge bull flag soon. If the bull gap from around $35 stays open it will increase the chances of bull trend continuation. If it is is filled, prices will likely test the tight trading range below and is more likely to enter a trading range.
NASDAQ:TLRY
by tradersmentality
CRON at FIB618Sometimes you just need to zoom out more, to get the broader picture. With CRON trading at 11 times forward revenue at the CURRENT price, it is still extremely expensive. Disappointing results, nothing much to show for all its promise. It seems to me that the only thing it has going for it right now, is Altria's cash. Looking at the weekly charts, it would seem that the dreamers are keeping this baby from imploding, while she certainly is on her way to the bottom trend line. We have to remember that RSI and other indicators are calculated based on recent price history. A low RSI certainly doesn't mean that CRON is oversold, and it is definitely no guarantee that the bottom has been reached. I will be considering CRON below $13. Even then, it will still be VERY expensive. Don't get me wrong, I do believe that CRON is a contender in the future, but the current levels leave very little short term upside, in my honest opinion. I'll wait for some really good news from CRON, or for a better valuation. Thanks for looking.
NASDAQ:CRON
by Barkworth
CRON 4.1.19No Joke. ... cause it's that day, ehhh, ok. so; We could find support at the current level, on the 786, but if we don't it's likely a more complex correction that just might land in the golden zone, possibly maybe. >>>I'm a noob in the #mj markets but this is a classic wait and see for me in my own opinion here basically mostly based on my own opinion which is that of a noob so I'm not entering into these markets until I've given a proper ocular patdown of each asset. <<< The ol green box is a possible buy area in my personal opinion personally. This is a market that is susceptible to fundamental news. (Unlike the trusty video game world of cryptocurrency where it's almost entirely speculative, traded 24 hours a day, with actual robots placing orders). Ok honestly there are robots placing orders in every market so you just gotta summon your inner John Conner and pony up buckaroo. I'm not much of a fundamental guy yet but as I'm branching out into other markets I realize it has more value. If anyone out there has recommendations for insight into the cannabis stock arena please comment below. #internetmoney #marijuana #uranium We live in strange times my friends, strange times, Peyote
NASDAQ:CRON
by Peyote_Manning
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