CRON trade ideas
CRON alot of Momentum here - to $23 easyThis stock is in the right place at the right time...big mover today - RSI is very high Slope of MA s are in rocket formation -
CRON Closed on the 1.618 extension and inversionExpecting at least a re-test of the ascending trend line in the coming days. May take a quick short to support or a long off the trend line or both.
I just watch the price action and act accordingly.
Short the MF big time HIGHLY OVERBOGHT, 84RSI. Today is a short covering day. Let it settle and this will come down to 12 level soon. No shares avaialble to short. If YEs then its 16% Interest.
CRON - Will it have an extended 3rd wave?Still on track. The purple line shows an approximate trail for CRON. Today is a nice strong up day. This could just be the first of many strong waves in an extended 3rd wave pattern... time will tell.
I have been bullish on this stock since last year. After the initial pop, we sold for a double. Then we didn't chase it, we "retraced it" to give us another 2nd chance to get in as shown by the little green buy zone.
Looks like now we'll soon finish this first wave 1 of 3. In the next month or so we should see another retracement of this recent wave 1 of 3 move.
That would be another 3rd chance for those that want to get in.
If your in now, just stay on for the ride. This could be a nice 10-20 bagger :)
The last Bullish Engulfing Candle?CRON is trading through the Channel now. Could we see a break up or a bounce from the upper channel.
CRON new ATH has little followthrough FridayCRON bulls hav e een happy the past few weeks but Friday's new All time high had little followthrough and should leave bulls cautious after a 70% bounce. Watch for Friday's low to hold, the break of which would signal consolidation is underway and bulls would then look to form a higher low and have another attempt at resistance.
CRON Pre-market dumping. Watching for bounce.CRON Sells through 14 I will be watching for bounce near 1H 200MA at 13.30 ish.
C(h)ronos - the god of well-timed tradesCronos, the cannabis company has showed recently a lot of momentum. Stock market rally is of use here. But as the market looks like if it is wondering about its next move, this stock looks like it is poised to go down. It has a history of pullbacks whenever it crosses upper kelt. I believe there may be a pullback to around 13.63-12.85 within a couple of days. However there is a chance on trend continuation if the price breaks 17.72 on big volume.
A lot depends also on the greater market. If it falls or stays flat, I expect the stock to fall, if it ramps up, the stock may stay flat or go slightly up but not for long.
$CRON Breakout Above 52 week highs!I've identified a significant support at 12.90 and resistance at 15.22. $CRON is trading in an upward channel since Christmas. Intraday high Friday already tested the 52 week high. I project that we will pull back and consolidate for a breakout above $15.22 and run up: possible as high as $17 next week. I see a lot of momentum behind the cannabis sector and this stock in particular.
CRON Cup and Handle - Watching for breakoutI have been playing with options for CRON for a little and personally I like the company a lot and see tons of potential for future growth.
A textbook cup and handle pattern forming on the 1h. RSI and MACD showing signs of upward momentum but volume is lower than I would like.
If it is able to break out I can see this going to $16 and I have a target of at least $20 by year end.
CRON Possible BreakoutWas watching CRON for awhile the other day and waiting for a slight breakout, believe this setup could push near 14 with good volume. Both RSI and MACD confirm a good run, just wish their was a bit more volume to confirm.
Watch CRON for a BreakoutCRON has formed an inverse head and shoulders pattern, I am watching for a breakout of the neckline.
Cronos/Altria dealPpl taking profit. I did already. Wait for support to buy back. I will. Easy money folks.
CRON two potential plays this weekCRON looks like it wants to break out. With set ups like this I either look to buy on a pull back into support for a pre break out buy or will I sell into parabolic breakouts at the 1.27 inversion.
Please note I am a short term trader.
CRON Forecast... Probably topped out, target $8Keep in mind this is the Canadian chart. Possibility for new highs at $20, but likely falling to $8. PE > 250, production is inadequate; and most importantly, the technicals aren't there for a sustained pump.
CRONOS GROUP (CRON) Analysis- CANNABIS STOCK- long positionIG: BULLRINGANALYSIS
upward trend on RSI
Cross on diverging triangles
MA crossover into bull territory
Follows DJI fairly close. Short term decline in realm of possibilities, then small pump upward
not financial advice
CRONOS GROUP, CRON, Bull Run Once Support Has Been Tested!Self explanatory chart....Bull Run coming with three possible upward movements at key support levels which can be supported by the 50, 100, and 200 day EMA's ranging from the next week to next month. Win, win, and win situation!
Get into the Canadian Weed market now while the U.S. market tanks in 2019.
CRON, Medium, 8 - 16 January Support and 5th Wave Confirmation!I looked once last time after utilizing the 50, 100, and 200 moving averages and adding a massive Elliot wave that encompasses months worth of price movement. The good news is that no matter how you look at it, this stock is bouncing predictably off of the upper and lower price channel and showing a general positive movement. Those 50,100, and 200 EMA's along with the historical support levels all line up to show that we are nearing the bottom of our consolidation and that the green or blue wave (4) patterns and subsequent (5) are the likely scenario during the month of January. We'll know by mid-month!
G'luck!
CRONOS, Medium, Key Support Levels Support A Bull Run!Pretty self explanatory chart....we are approaching our first key support level...if we break below it then the 2nd scenario would play out, etc.
Yes, in every scenario it is a Win, Win. Stay in the Canadian Weed Market. If you aren't in it yet, GET IN!
The majority of U.S. stocks will be impacted over the entire 2019 during the massive upcoming DJIA correction.
The trading system Equity Trend to go long in #CRONToday at the market open (Dec 19), the equity trading system Equity Trend will open a long position in Cronos Group (ticker: CRON)
Stock:
- Long - CRONOS GROUP INC. COMMON SHARE - Ticker: CRON
Each day, the system scans around 10,000 stocks to find just 1 or 2 which are ready to move immediately.
The system combines elements of breakout trading, trend following and risk management from Turtle trading.
System: bit.ly
