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CRONOS GROUP INC

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CRON trade ideas

CRON update... pivot point, more bullish than bearishUpdating my thoughts on my previous idea about a CRON when it exited the downward wedge for a possible breakout. The first two days looked promising, but since it has not been at all positive for CRON or SPY . I'm adding some expanded possible influences in this view to try and get a better understanding of the next possible move. There's a combination of different supports just below CRON's current level. The 200MA (as well as the 100MA) have been very influential in the past year, causing several hard bounces and consolidation periods before significant moves. There also seems to have been a hard fought battle with the $13-14 area in recent past that suggests it may not give it up easily. My best estimate for where the 100 and 200MAs could track in the bullish scenario have been added with hashed lines, as this influences my projected path in the "bullish" scenario. Beyond the 100MA, I expect there would be a significant battle with the > $22 area if it makes it there. That said, if it does give up $13-14 in my "bearish" scenario, I don't see any reason why this wouldn't continue it's downtrend to around $10 as it seemed to fight with this area for ~4 months last year. My plan is to hold long for a possible double-bottom off long-term support + 200MA as I am more bullish , than bearish . However, if it loses the $13-14 level, I would turn bearish and look for a trade target of $10-11. Disclaimer: This is my own speculative opinion and should not be considered financial advice.
NASDAQ:CRONLong
by spyder3909
$CRON: Long term swing trade (1-2 year hold)Disclaimer: This trade is only for the patient. - After a few weeks of consolidation, a safe entry can be initiated. - Weekly cloud is thick in volume showing bullish trend is intact. - $CRON has significant advantage over their piers having a helping hand from $MO (Altria). With their cigarette distribution system, 1.8 billion investment & connections to more potential partners, $CRON is set to go to the moon. An analysis, not financial advice.
NASDAQ:CRONLong
by Litwolf
7
CRON 1D. Possible Bull Run1. RSI is GOOD Undersold 2. Stochastic is GOOD Undersold 3. Possible Bounce Of 150 MA its GOOD 4. Volume not so GOOD we need more volume. 5. Earnings Announced on march 9th, $0.48 per share prediction was -$0.04 its surprise by $0.52 (1471.43%) Very Good. 6. 50 MA above 150 MA its good. Key resistance at $17.59 and $19.94 because its a double wall Fibonacci Levels, hard to go true. I think will go up hit resistance at around $17.59 than go down to support level $14.03 bounce up and go to at least $19.94 or if breaks true $17.59 Level this time than CRON will go strait to $19.94. or if mr. President will twit some bad news for market than little drop expected before going up...
NASDAQ:CRONLong
by BK_Trader4Ever
CRON Weekly AnalysisThe high 2 bull flag from a few weeks ago failed, but the selling pressure is not that strong and is weakening (tails, micro double bottom). This week ticked above last week, triggering a second entry and EMA gap bar, but last week was a doji bear bar, making for a weak buy signal. If this week closes on or near its high, it would be a better signal. There are still open bull gaps below. The bears need strong consecutive bear bars an to fill the 10.50 gap before they have a chance of taking control.
NASDAQ:CRON
by tradersmentality