Cronos Group continues descending channel
Updated
Cronos group is currently trading within a steep downwards parallel channel. My expectation is that this channel will break within a few months, steep channels like this rarely last this long on non logarithmic charts. I would love to buy an accumulation towards the bottom.
Trade active
Entered via 2 year LEAP options. Price broke out on the Canadian chart, expect U.S. to follow. Don't mind holding for a few months.Note
Tested highs, slight dip from earnings report, generally holding up pretty well vs general market in my opinion.Note
Price now comfortably above channel. Also broke out of a symmetrical triangle.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.