Breakout play on Democrats controlling senateEntering on the breakout of 8.84 resistance level with signs of support. Risking against 8.5 with a potential profit level of 10.8.
RR: 3.24
Risking 0.5% of portfolio
CRON trade ideas
CRON Pending Weekly Breakout in PlayCRON a Marijuana stock, is ready for a massive breakout.
Stops and Targets are outlined on chart.
Expect an initial large candle on breach of the breakout level with a shallow retest of the level.
I outlined two targets to keep track for the longer term.
Expect Target 1 to hit quickly with possible consolidation in that zone.
Target 2 should follow.
Good Luck and Happy Trading !
CRON.ic 1.4.21I recently looked at an old stock I had acquired a while ago. I'm surprised to see it is looking exactly like many alt coins right now. Double bottom. Accumulation. This thing is going to fly over the next few years. Long term target is 36 dollars.
Cronos Group- Cannibus 2021 bull marketFor long term investors this is a decent place to enter and hold. Cronos is a great stock to sell covered calls against as the call premiums are high. Sell calls 2-6 weeks out of the money and collect the income until you get called. Strong cash position to endure the research and development strategy of Cronos. Doesn't hurt to have Marlboro (Altria - ticker MO) as a 45% stakeholder.
CRON have bullish divergence on the RSI and price rounding 2019 to 2020. Will rounding 2020 to 2021 start a new leg up?
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 inverse h&s breakoutBacktest complete and uptrend from the inverse h&s expected to continue. Targeting 12-13 supply area.
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
Cronos Group Long Idea / Buy Toronto-based Cronos Group has always played it safe by not aggressively going after acquisitions, instead using cash to focus on research and development with its products. With steady revenue numbers, it has kept its balance sheet strong enough to at least survive the COVID-19 storm.
At the moment, Cronos's business is predominantly in Canada, though its American and Israeli segments are growing quickly. While its Canadian segment hasn't expanded much this year, its total quarterly revenue is growing at a rate of 29.1% year over year, which is a bit faster than Canopy. But this growth doesn't change the profitability problem. That said, Cronos may not need to take dramatic action to reach profitability, thanks to a powerful new ally.
In March of last year, Altria Group agreed to invest $1.8 billion in Cronos in exchange for a 45% share of the company. Altria is one of the world's largest tobacco product manufacturers, and its holdings include everything from major cigarette brands to newly famous e-cigarette and vaporizer companies like JUUL. So it's reasonable to expect that Altria will empower Cronos with its considerable strength in product development, brand-building, and supply chain management. As long as Altria continues to invest in improving its vaporizers, Cronos will benefit, and it will have a long-lasting competitive advantage as a result.
From all this i am expecting the stock to outperform canopy growth in the long term +4years . And seeing the price reaching 100$ or even more by 2030 .
Buy and Hold.
Good Luck
CRON- Harmonics everywhere! Gartley pattern coming soon?Most of the hype for marijuana stocks has now subsided from 2 years ago.
however we have been carefully buying as each opportunity on the lower green buy line
has presented itself.
Cron is in the accumulation phase now, with what looks to be another great
buying opportunity soon.
looks like another Gartley pattern may be arriving soon!
then buy along the green buy line for our best price to load up again!
CRON IN A SHARK PATTERN? Short?Short term short possibility, long term buy.
This is an update from the previous CRON as a Gartley pattern published
Last month.
The green buy line shows a 78.6% retracement.
Officially a shark pattern will pull back
Even deeper at 88.6% retracement.
That would give us a very, very, nice price to cover shorts and buy long and load up again!
CRON Golden Cross SetupGreat uptrend with the golden cross setup. It is important to note that the sector is getting more attention.
CRON/BTCWas looking at cron log chart and it reminded me of early bitcoin.
Maybe biden will legalize and this will play out
Only posting for future reference :)
CRON - Round Bottomwith momentum gain in cannabis stocks,
CRON could break above 9$ resistance
if so, there are some leves on the chart which the stock can test
