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Cronos Group Inc. Common ShareCronos Group Inc. Common ShareCronos Group Inc. Common Share

Cronos Group Inc. Common Share

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CRON trade ideas

Marijuana how deep is your love?)The crazy growth of the cannabis sector is amazing, X's in a short amount of time). Will there be a repeat of the history of Bitcoin, a sharp rise and the same sharp drop of 80-90%? Logically, the correction should be, let's see how deep. 1 option Sell short 11 $ Stop 13 (-15.5%) - a big stop, but significant priorities, you can enter in parts as the price moves in the right direction Profit $ 3 (70%) Option 2 Sell short 6 $ Stop $ 6.6 (11%) Profit $ 3 (50%) Possible to drop to $ 1.5
NASDAQ:CRONShort
by Juliia
CRON - Head and Shoulders or Fibonacci Retrace?Everyone can see the Short Term Head and Shoulders Pattern, starting in August until now. A peak of $13.44, a push to $15.30, and losing steam rolled up to $13.00 before tanking. But let's say this H&S pattern was correctly called. Now what? We take previously charted trendlines, which are still unbroken. The bullish market for this stock continues long term, despite short term losses erasing gains. The H&S pattern dictates a potential loss equal to the vertical distance of the neckline and the head. Some have charted this around a $5.00 vertical, starting at $8.72. This should put us down to $3.72 area. However, if we draw a Fibonacci Retrace, since inception, we see a 61.8% Fib level which remains unbroken, at $5.96. I expect strong resistance at this level, despite the potential short term Head and Shoulders Pattern. As the market continues to be oversold, look for a bullish divergence to appear. My opinion, which is strictly my own, is that this stock becomes a good buy between $5.50-$6.00. Take a look at the past. Draw a quick Fibonacci chart for the first great gain. What does it do? It retraces all the way back to the 61.8%, just as it is currently. Afterwards, it skyrockets back up to the 88% Fibonacci Extension level, and starts consolidating for the next move. This will reverse and bounce, and either retrace back to the original neckline before coming back down, or will rocket past and upwards to the 88%, 100% level.
NASDAQ:CRON
by Shwayze