CRONOS appears to be flattening out, holding long term supportCRONOS appears to be flattening out, holding long term support. Something to keep an eye on.
CRON trade ideas
Quick analysis on $CRON, CRONWeekly and daily bullish divergences. Bounced off last fib support from all time low to all time high. Looks promising. I would not keep if it loses that .786 fib support.
Or to play it conservative, wait for daily price to cross and close above descending pink trend line to buy in. Or even more conservative, the blue 50ma line.
CRONOS GROUP INC (CRON) WeeklyDates in the future with the highest probability for price direction reversals
CRON Buy and HopeI rarely do Buy and Hope, but today, I am hoping for a bounce from yesterday's low, signalling that a weekly higher low is in. This seems to be a decent supply zone, but broader industry sentiments are still tough.
Averages signalling underlying weakness, but when sentiments change, this stock should be testing $8 again in the coming days or weeks. Still, trying to catch a bottom is generally a bad idea.
Trade with caution!
Cronos Levels to watch this week $cron
Point of Control (redline) critical level to watch, held as support during fridays selloff.
Volume not overly bearish and remains higher on green days,
Volume below daily average
CRONOS POTENTIAL LONGI would like to see a retest of the $6 trend again to optimize a better long opportunity. Would be a better double bottom at a daily time frame.
CRON RetestCRON has recently broken out of its consolidation pattern and pulled back to that same level. When it broke out, it did so on increasing volume. In the recent pullback it has been on decreasing volume. This shows strength, in the fact that the recent sell off has been on lower volume. Now that its pulled back to the same range of where it broke out of its consolidation and remounted over the 50sma, i expect a run-up back to its previous high at the $8.75 to $9 level.
CRON Make or Break! Crypto Crusader here with an extremely speculative pick, a weed stock, to be exact Cronos Group.
I don't have the time to discuss a more detailed analysis, but I'll post this chart to explain my thinking regarding technicals.
In regards to fundamentals, Altria (the maker of Marlboro) owns just under 50% of Cronos Group. You have to wonder, the maker of the worlds most popular cigarettes (regardless of tobacco being an addictive substance) must have a top notch marketing team behind them. They have billions of dollars, and it's in their best interest to see their investments profit. I'm sure they have a plan for Cronos. This is going to be almost purely speculative as a short / medium term investment, I would expect 50%+- swings in either direction. My entry was around $7.5, lets see how high this stonnkk can go!
May the trading God's be in your favor!
Crypto Crusader
HUGE BEAR VOLUME! WATCH FOR MARKET CORRELATIONTICKER: $CRON
CRON is basically the same as CGC. Huge bear volume on Friday with a 10%+ pull back. Bull flag has been negated and we are looking for a daily higher low compared to 6.38.
Watch for $SPY correlation as it will have a factor in the timing of the bounce. Also watch correlation with CGC and other canadian MJ names. Remember, RSI levels could get to extremes if market pulls back hard.
Cronos moving above resistanceBuy cronos at it moves above resistance. Volume also increasing and the pullback to 8$ (entry point) on january 16th confirms the new support. Could easily squeeze to 10$ as equity markets keep melting up
Cronos Group (CRON) long.All description on the chart.
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Cron n cgc leading the sector.I see a cron and cgc pulling ahead of everyone because of their cash positions and partners. 16.00 price target
$CRON (& Cannabis space) Falling Wedge breakoutAfter a gruelling 2019 cannabis space seems to be breaking out of the falling wedge pattern. CRON has a nice tight flat base and breakout of falling wedge with volume accumulation clues the past few weeks. Could be an indication for bull run to come in 2020!
CRON above resistanceWe're likely to see a retest of the area of resistance, to confirm if we have a S/R flip. If resistance indeed turned support, the stock is a buy in my opinion, likely to retrace to the green channel, before probably looking for a weekly higher low.
Looks like a possible break out. 35% of the float is shorted. If the bulls remain in charge, they're going to take some of that bear money back.
$CRON on ConsolidationCurrently in consolidation phase after its successful break out from 7.40 resistance area.
CRON RESISTANCE AT 3/1 GANNNASDAQ:CRON HOLDING 3/1 GAN AFTER THE BREAK OF 2/1. LOOKING BULLISH IF IT HOLDS 3/1?
$CRON Cronos Group Weekly Review. RSI bullish reversal, consistent higher lows.
Middle bollinger band now support opening up the chart to the $10 level.
7&12 moving averages now support.
Short cover signal on the MACD cross and Histogram ticking green.
Stochastic has reset and moving to the top of the range.
Momentum which is regarded as a leading indicator was signalling this move for some time.
Point of Control (POC Redline) crossed.
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Cronos and pot stocks staging continuationThe recovery continues. For those worried they missed the boat, this is nothing more than a bear market rally. Nothing to inddicate fundamentally that weve reachedd the true bottom. This will rally back (impossible to tell how high) but short term profits are very likely.
