Coin Flip with News and Afterhours
CRON afterhours has seen the stock jump 20 cents USD. This is a good sign however I am seeing a rejection at the 76% fib line and declining bull volume to end the day and that is usually a bad signal that this stock has ran out of steam.
With news tomorrow this could see the stock jump or like CRON has done in the past with earnings sink. The last release of the balance sheet was April 27th which saw CRON go from $9.00-$7.00 with a significant gap down open. This being a conference call I expect a good deal of pumping from the team. Hopefully this will send the stock soaring and the rest of the sector with it. This one is a coin flip.
If you are in you might as well see where its going at 9:30am. You can get a bit of pre-read here as Cron will start trading at 8:30 on the NASDAQ. If it looks poor sell at open and run away. If it looks good wait for it to test yesterdays daily high at 8.77 and buy or buy back on a retest. This one everyone should watch as CRON is notorious for moving the market in one direction or the other.
With news tomorrow this could see the stock jump or like CRON has done in the past with earnings sink. The last release of the balance sheet was April 27th which saw CRON go from $9.00-$7.00 with a significant gap down open. This being a conference call I expect a good deal of pumping from the team. Hopefully this will send the stock soaring and the rest of the sector with it. This one is a coin flip.
If you are in you might as well see where its going at 9:30am. You can get a bit of pre-read here as Cron will start trading at 8:30 on the NASDAQ. If it looks poor sell at open and run away. If it looks good wait for it to test yesterdays daily high at 8.77 and buy or buy back on a retest. This one everyone should watch as CRON is notorious for moving the market in one direction or the other.
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