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.
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.
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.
$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.