CRON trade ideas
CRON Earnings Coming UpExpecting $12M to $15M, which would be very good indeed, but investors don't understand Cronos' business model. Are we looking at a WXY, or will the Y morph into a motive wave?
Everybody expects that drinks are where the money is. Do we really want to be long smokes?
Dunno... just saying.
LONG CRON R:R = 6.82!Really good R/R, even if stopped out, might want to look to re-enter at another decent spot
CRONOS pot stock outlookPlenty of support zones from fibonacci levels, trend lines, and previous resistance.
I'm expecting pot stocks to generally remain bullish for 2021, just look for healthy corrections from time to time like I've illustrated here.
$8.50 might trigger a lot of stop losses so keep an eye out if we get to those levels.
Beautiful pattern, just started. Always with lower lowLooks very bullish to me, got golden cross, and good thing is it always goes with lower low, need higher high for near future
CRON LongCron Long position. After a retrace suprassing 0.618 a retest of support is underway. A close above entry opens up Fib extensions to 17.30 Target. Previous high is current target before a move up.
This is an indication of potential growthThis could essentially be the beginning of multiple cannabis-based stocks to increase within the next 6 months.
CRON FlagCRON has recently had a bullish upward trend and has since been consolidating forming a flagging formation. The marijuana sector looks bullish right now, and i can see this setup breaking out of the flag up to the 11.25 range.
CRON: Bullish FlagBullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 7
200MA ascending
250RSI above 50
If confirmed:
PT = 15.12$
$CRON - small/large rally?Based on the wedge and the golden cross coming, this maybe a great call option play
The stock is already over extended but the market does not always care.
CRONOS - Just Because Everyones Doing it Doesn't Make it CoolMost overbought it has been in a year.
Don't see a big differentiator for them even with all their different brands. Whereas a company like $ACB has industry-leading operations.
MACD is loosing momentum.
My target price range is $5.5 - $6.95
There is a strong resistance at $6.95, but if this breaks we are headed down to $5.5.
cronos analysisa channel breakout is identified in this market. A low risk good reward entry would be to : wait for the market to test the backside of the broken resistance line (upper channel line ) and turn it to support ,rather than chasing the price
$CROn Cronos $12.00 Is the Pivotal Level to watch.
The picture for CRON is becoming increasingly bullish when we look at the high timeframes
rather than get bogged down in the daily moves.
$12.00 seems to be the key level for Bulls to reclaim, above which volume resistance
reduces substantially. That level has a cluster or resistances.
- Volume Shelf
- Historical pivot and candle resistances.
- 0.382 Dead cat bounce Fibonacci Level .
In the short term APHA earnings on Thursday could either ignite a short cover rally, or
indeed a step up in pressure from Bears.
One thing is guaranteed in the Cannabis's sector , volatility, so know your risk and do not
rush into a sector what is yet to be accepted by institutional investors.
CRON A historical cycle back ? CRON This cycle forecast, this cannabis stock is 100% cyclical, do you have any ideas?
#CycleStocks.
LONG CRON- Watch EWO go above yellow (4 wave)
- Watch SPEED FIB RESISTANCE
- Stop 6.60
- Target 10
- Possible Entry 7.60+
