Cronos Trade setupPossible long entry on break above Fibonacci .65 retrace level & weekly horizontal resistance
CRON trade ideas
Cronos Group possible trade setupNot quite as convincing a session for CRON today as its peers but nothing wrong with slow and steady.
Channel trend line resistance (black line) could possibly be a good level to consider a long position.
Lets see if we can get continuation rather than another flash sale.
CRON: At long term support...I think the base in $CRON offers a great opportunity to go long here, with very low risk and potentially huge rewards if we get a new big trend in the 2-Month timeframe. This chart is ripe for a 10x-20x advance, once it gains traction from here.
Cheers,
Ivan Labrie.
CRON has time to spark another one upCRON and CGC have similar price patterns and I have begun my weed stock trade ideas with CGC in front, followed by CRON and bottom fishing for a third idea....
Both CRON and CGC had price declines during 2019 that have subsided with bottoms made and sideways movements for past couple months forming support for reversals.
MACD signals along with launch pad set ups in stochastic and rising RSI readings suggest now is the time to spark one up along the bottom price support channel with target resistance in the 8.00-8.15 area. A starting trade for 10%. I will follow up with my third candidate in this space...always work in threes...three main ideas...three bullets....three choices...three groups...etc.
Dr. RAV
CRON Long term I Pin pointed my 3 conformation I need before I buy in,
But you know things can go south so make sure you keep you stop loss tight if you buy in
CRON LONG {CRONOS GROUP}ENTRY 1 6.80
ENTRY 2 6.25
SL 5.00
TP.1 7.50
TP.2 9.50
TP.3 12.00
TP.4 14.00
TP.5 17.00
Cronos may have put in a bottomMaybe we are looking to much from a optimistic perspective but the chart is showing some signs of a clear reversal may be on the cards. $6.87 a critical level.
CRON – Bearish BananaWaiting for pattern to complete or $4.62 to enter long
Trade Entry
All bearish options entries are poor risk/reward. $140 risk for $30 reward.
I would prefer waiting until bottom to buy shares or long calls.
The other alternative is to short CRON.
Break of current bearish banana pattern to bullish is low probability IMO here. Curve of pattern is midway.
Will re-post if entry presents.
Chart Details
Price running inside the current banana/shoe pattern.
Very small gap fill at yellow dash line.
Price alert set at $5 to prepare for entry at end of pattern.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
CRON Long Idea (Swing)This trade setup mirrors my previous trade idea of Aurora but has a bigger risk gap with the stop-loss price being further away from current price. Read the description of my Aurora trade for more information on my reasoning for a long at these levels. Always respect your stop-loss!
Entry: $6.85
Target 1: $8.00 (16%)
Target 2: $10.00 (45%)
Stop-Loss: $6.00
$CRON Bullish reversal for Cronos GroupSome very significant changes in the technicals of the stock last week and indeed for the month of December.
The weekly chart in particular is extremely bullish with indicators and price action likely to attract attention.
End of year buying sent the stock higher by 13%, it will be interesting to see what happens in the days to come as previous rallies failed to get any traction.
CRON - 2020 comeback?CRON is up 15% today and looks good on daily and weekly charts. Looking for a run to the $10 area. Not sure what 2020 has in store for the pot stocks but if you need to own something in the sector this and CGC are two of the best names.
Cronos Bullish on close above 50MAThe much hated but much loved by other cannabis sector is getting some major buying volume today.
Cronos is often regarded as one of the safer plays within the sector thus explained the large gains today.
There is major upside potential but wise to possible wait for a close above the 50MA for some bullish confirmation.
Long retestsTrend reversals from bearish to bullish always expect a retest of prior resistance. Cron will
Most likely retest the 50sma on 30m with
Bullish Enthusiasm in early minutes of trading. Cronos is less bearish than other weed stocks which makes this stock easy to trade swings.
CRON Vanguard Purchase - Cronos Group @$6.20 on 11/15/19Got a Vanguard notification of a purchase this morning. I'd like to attempt to document, on the same day, all individual stock purchases for future reference and timing studies.
Purchases are Long-to-Ultra Long term holdings. This will not be one of my forever-holdings.
Companies purchased reflect positive outlooks on - Valuation, Growth potential, Technicals, and Future societal trends.
I want to make these public so that I keep myself honest by allowing everyone to view my winning trades and losing trades.
Sometimes months go by where I won't purchase anything, I have my limit orders preset. I wait for price to come to me.
Core Thesis:
- Cronos is the best company among it's industry peer group. Plus they're profitable, which cannot be said for many peers.
- I believe the industry is in the early growth stage.
- It's fallen 75% since the beginning of the year.
- Performance is uncorrelated from the broader market, with global operations - i.e. 'diversification'
www.gurufocus.com
Best,
RH
LONG CRONI have been following the weed sector closely as it has a favorable vol indication for someone with my size and have determined that there is a strong probability that we are due for some oversold bounces in this sector. Might be worth throwing in a bet and calculating RR accordingly. Modify as needed according to your risk tolerance and size.
God Speed,
Mr. Manbearpig
