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CRONOS GROUP INC

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CRON trade ideas

The $CRON -ic is here to stay (Canada legalization)2018 is the year of legal weed in canada; listed on NYSE a few weeks ago as well so us americans can get some decent exposure too without having to fuss with the TSX or OTC nonsense. I see a breakout of the ichimoku cloud, a fractal breakout being called by williams trader beta, and also a trend breakout. Wouldn't surprise me if we dip and test the pennant again before we go up.. Decent RR here 3.5:1 (manage your risk accordingly) GL HF xoxo snoop
NASDAQ:CRONLong
by 420snoop
3
CRON in control of its destiny06/21 - $7.73 is a crucial pivot point, needs to break this current resistance with volume support, to move north It formerly broke the blue wedge for a nice gain, purple wedge is poised to be broken...will it continue to play inside the wedge with lesser bull AND bear volume, leading to consolidation? Usually, not always, usually this allows the stock to flex north. Currently, we see increasing bull volume pushing the price up to purple trending resistance. The bull candle has no lower wick, meaning no haggle on price, and the upper wick expresses confidence in the current stock price. $7.73 pivot point is crucial in that this price is where the stock broke outward and upwards, other times in history we see this price being too much for this stock to break through. Remember, stock brokers/investors will always look to the past to determine current price. This is why charting your resistance and support lines are essential in formulating an educated guess, because that's what stocks are, an educated guess. *Let's see what happens!!* DISCLAIMER - I am not a professional investor. These charts and ideas are merely my opinions. Please seek a professional for all your investment needs.
NASDAQ:CRONLong
by mrmaximo74
2
CRON Setting Up!Nothing but bullish for the cannabis market right now, especially since the recent approval of Bill C-45. There's been a little bit of news selling, which has set up and ideal buying opportunity. I went long at $6.77, but now is still a good time to jump in imo. If you wanna be safe, wait until we break out of the Triangle. Stop losses set $5.48, but overall I'm not worried if we dip below as I'm mid to long term in this market. Low to zero leverage is advisable due to the volatility of this stock. I'm not a financial advisor, do your own due diligence before entering trades!
NASDAQ:CRONLong
by kickflip360
Long CRON Swing TradeNASDAQ:CRON has been consolidating in this range for months now, creating a very noticeable Bullish Triangle. Will be looking to enter at around $5.75 (triangle support). Possible Outcomes: - Triangle Breaks and follows thru to +- $8 area with a huge profit of +40%. - Triangle fails to break , we fall back to the $6 (would sell before going bellow $6.30) where we sell for a small profit or breakeven. Do not hold on and make this a losing trade. Share your opinion, comments and questions. Good Luck! Risk Level: High. I will keep updating this post.
NASDAQ:CRONLong
by Gerardovb98
13
CRON getting ready to bounce off lower points of resistnace and Cron might be about to 'get high' it looks like it is losing downward momentum on the MacD indicator, the RSI line is nearing the bottom and it is also getting closer to the bottom bollinger ban. It might still have a few days to go in order to hit bottom but price looks like it is already starting to level off from the down swing. Might be a good entry point. They recently reported Q1 earnings which didn't seem to blow investors minds very much, they were probably hoping to see a profit (turns our investors like profit) but there was massive growth in sales, just large growth in capex as well that ate away profit. So I'm not really seeing long term concerns that others may have, in fact the company is expanding operations. Unfortunately it just costs money to do that. The high PE ratio is a little icky, but they have pretty good liquidity. Over a hundred mill in assets. Debt to equity looks pretty good.
NASDAQ:CRONLong
by alexr451
CRON - 4:20 Time Anyone?With 4/20 tomorrow I thought this idea was timely. After a huge sell-off that coincided with the general market's decline during March, CRON looks to be making another run after finding support at $5.10. As you can see the FIB 50 resistance was too much for the first attempt, but CRON has consolidated nicely and has found support at FIB 38 retracement level setting up for another shot which should get through based on how volume has played out and the indicators. This space was talked about very favorably by the talking heads on CNBC and I expect CRON, WEED, ACBFF and the other players in this space to continue to fly HIGH over time :)
NASDAQ:CRON
by BobbySpa
APH and ACB crystal ball? CRON is looking StrongAfter drawing up the APH and ACB chart I noticed an eerily similar channel which I highlighted in Blue. Could this be the next step for APH and ACB? I am willing to bet on it. Ok lets look at CRON. CRON was a beast today. It broke 7 once and the rocketed up a solid 14%. On the low of the day to the high CRON Moved over 20%. I expect this run to continue. You want to see it hold 6.30 followed by 6.40 early on. 6.50 and 7.00 are the next resistance and after that there is a lot of room to run. One thing to note the 50% retrace from this dump was at 6.40. If this stock holds that tomorrow then the future is bright. I am long on CRON for the time being but watch out for this a big sticking point. When a stock breaks through here the next resistance is around the 76% mark which is 7.80. Conservative play is to wait for a retest at 6.50 as you have 50 cents there a more aggressive is buy at 6.40 and hope for it to run again. If CRON gets back to the 100 mill deal get out there. It should be its ceiling. This has happened to weed 34.50 and HIP 1.32 more times than I can count.
NASDAQ:CRON
by dburke44