CRON Weekly Analysis
The high 2 bull flag from a few weeks ago failed, but the selling pressure is not that strong and is weakening (tails, micro double bottom). This week ticked above last week, triggering a second entry and EMA gap bar, but last week was a doji bear bar, making for a weak buy signal. If this week closes on or near its high, it would be a better signal. There are still open bull gaps below. The bears need strong consecutive bear bars an to fill the 10.50 gap before they have a chance of taking control.
Related publications
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.