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Cresco Labs Inc.CC

Cresco Labs Inc.

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CRLBF trade ideas

RiskMastery's Breakout Stocks - CRLBF EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential. In this edition, we'll be looking at OTC:CRLBF ... I believe this code is at a point of potential volatility. If price can hold above $2.57 ... Bullish potential may be unlocked. My key upside targets include: - $3.28 (Conservative) - $4.20 (Medium) - $5.28 (Aggressive) If however price falls below $1.49 ... Bearish risk potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
OTC:CRLBFLong
by Bullfinder-official
Cresco Lab USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
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by Sunstorminvest
Cresco Labs Inc - $CRLBF Chart AnalysisSPARK IT UP OR LET IT SIT? Cresco Labs Inc. has been trading south with some funky price movements, but can this 'funk' produce some good highs? -- No. On the weekly chart, #CRLBF looks to be starting it's 3rd wave on the interval cycle and will push price down considerably the next week or so before tapping in the help of the 3/4 correction wave prior to crushing the 5th wave down. Like most of the cannabis tickers being shorted, this correction could see a $1 swing play, but I would proceed with caution as this correction will likely be covered and shorted the same day (super fast) in order to trap more bulls on the way down. $4 seems to want to start the support zone of this impulse wave, but likely will push price down more before what could be the correction of the cycle in Aug.
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by happytree614
CRLBF S/R Flip|Structural Support|Trend Change|Bull Volume NodesEvening Traders, Today’s Analysis – CRLBF – showing signs of a confirmed trend change, holding structural support will establish another higher low. Points to consider, - S/R Flip at structural level - Structural resistance (Immediate target) - RSI Cooling off - Stochastic in upper regions - 21 Moving Average (Visual guide) - Increasing bull volume nodes The trend change on CRLBF has been confirmed with establishing its first higher low. Now trading above structural support, consolidation above this level will further solidify the S/R flip. The 21 Moving Average can be utilized as a visual guide as CRLBF has been respecting it in the immediate up trend. Current increasing bull volume nodes is a healthy sign for the trend change, must sustain with establishing another higher low. The RSI is cooling off from oversold conditions, a retracement to the 50 level is probable if price starts to consolidate above support. Stochastics on the other hand is in the upper regions, can remain trading here for an extended period of time with stored momentum. Overall, in my opinion, CRLBF is in the midst of a trend change. Holding structural support is critical for a new higher low. A long trade is valid with defined risk below structural support. What are your thoughts? Please leave a like and comment, And remember, “A probabilistic mind-set pertaining to trading consists of five fundamental truths. 1. Anything can happen. 2. You don’t need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another. 5. Every moment in the market is unique.” ― Mark Douglas
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by The_Alchemist_Trader_
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Cresco Labs investment Idea Fundamental side of the idea: For the full year of 2020, Cresco saw a whopping 271% year-over-year increase in revenue to $476 million. The company's retail revenue for the year grew to $202 million, up 316% year over year. Much of the credit goes to its Sunnyside retail platform, which, according to the management, generated average revenue per store of $3.6 million. Cresco has 10 Sunnyside stores in the new emerging cannabis market of Illinois. ) Its fourth-quarter (ended Dec. 31, 2020) revenue also jumped a massive 292% year over year to $162.3 million. Another quarter of positive adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) net of biological assets of $50 million is an impressive jump from $2.8 million in the year-ago quarter. It also reflects how well the company has been handling its operating expenses. Cresco's 2020 was a reflection of what's to come in the next few years, according to the management. Technical side of the idea: Since the price has hit an all time high(22CAD), it has been decreasing / and retraced to 0,61 Fibu level. As long as the price is Rebounding exactly on 0,61 Multiple times we should consider that there is a big Possibility for the Price to Move higher. I am expecting that the price will continue to increase to 80USD in the next two years, after breaking the 1,61 Fibu level ( which is going to be the new resistance ). If you have Questions, you can Always Contact me ! Best Regards. S.Sadki
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by SaraSadki
Cresco Labs Analysis 12HRHello Everyone, With President-elect Joe Biden set to take office in the new year, marijuana stocks may gain some positive momentum. My prior analysis back in June of this year predicted a consolidation followed by a breakout (see below). It now seems price has entered a more bullish territory. Now may be a time to consider additional long positions. On the 12HR price chart, price appears to have just completed a 5-wave impulse upwards. Price is also nearing the top of the ascending channel it has been following. Following a correction wave back to the bottom of the ascending channel, another impulse may occur. Entry consideration would be considered when price descends back to the bottom of the ascending channel which also coincides with the .618 Fib-Level. Thanks for reading and please do your due diligence before entering trades. *This is not trading advice but my analysis of the market place*
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by pofseur
$CRLBF Cresco Labs 30% upside Cresco Labs Inc. engages in the business of cultivating medical grade cannabis, manufacturing medical products derived from cannabis cultivation, and distributing such products to medical or adult use consumers. It focuses on regulatory compliance while working to develop condition-specific strains of cannabis and non-invasive delivery methods. The company was founded by Charles Bachtel, Joseph Caltabiano, Dominic Sergi, Rob Sampson, and Brian McCormack on July 6, 1990 and is headquartered in Chicago, IL.
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by OTCMarketsExpert
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CRLBF Trade Plan/AnalysisGood Afternoon Traders, Due to the recent earnings report released by CRLBF and possible formation of a new Support, the recent upward trend may continue to a new Resistance. The Cannabis Industry has been releasing positive Quarterly Reports during the ongoing COVID crisis. This may prove Cannabis to be a more inelastic good than previously thought. On the technical side, a new Support may have formed around the $4.26 range. It does not appear the trend will continue without a short-term pull-back. Bearish Divergence has formed on the 1D MACD/Price Chart. The 1D RSI is also in Overbought territory. This may be signaling a short-term pull-back/consolidation. First entry consideration would be taken if the RSI forms a lower-low and Hidden Bullish Divergence forms on the RSI/Price Chart. If RSI does not drop low enough to form a lower-low, second entry consideration would be taken when price closes above the current Resistance around $5.20 Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the current market conditions*
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by pofseur