CRON trade ideas
Cronos catches a bid at last. Entry level $7.57 = Target price $9.66
Risk reward for a long trade seems pretty good at this level. If you were buying at $17 why not at $7.
yesterdays bill passed by the House is the first signal for the shorts that it may be time to switch allegiances.
P/e ratio 7.39
Short interest very high at 26.91%
Cronos Group, Inc. engages in the production and sale of cannabis in federally legal jurisdictions, including Canada and Germany. Its portfolio includes Peace Naturals, Original BC (OGBC) and Whistler Medical Marijuana Company (WMMC). The company was founded by Lorne Michael Gertner and Paul Rosen on August 21, 2012 and is headquartered in Toronto, Canada.
Cron Bull hope? @cryptoKnee Just working on a count, thought this was interesting, yes ive been drinking, prolly dont mean nothing, may take a bite but its definitely in dangerous knife doping territory MO...$$
Cronos Group Stock ForecastNASDAQ:CRON
The CRON stock price can go up from 6.885 USD to 12.089 USD in one year.
The long-term earning potential is +75.59% in one year.
In five years (2024)
The CRON ("CRON" ) future stock price will be 21.804 USD.
CRON - Earnings announcement- Price dropped as plannedHere is an update on CRON. Remember months ago traders where worried about missing out on it as it sky rocketed up?
We posted "Don't chase it, Retrace it!"
Now its coming down to reasonable and bargain levels.
.... just a bit lower please.
Really like the $6.85 - $6.50 area. as shown by a number of different measurements and harmonic pattern.
We are looking for 5 waves down. So far its in wave 3 of bigger 5.
patience!
CRON LONG PRICE REVERSAL CRON READY TO REALLY ON EARNINGs
entry $8.00
entry $7.40
tp.1 $9.00
tp.2 $10.50
Tp.3 $12.50
TP.4 $14.00
CRON - Earnings announcement coming up. Pop or Drop?We've been watching this stock for some time now. In fact it has sold off drastically in the past.
Will the upcoming earnings pop the stock price? or will it drop down and trigger stop loss orders?
We would like the harmonic ratios shown with the blue C=A wave to complete at $6.85.
Also note that if pink C extends and = 1.272 x A, we get the same price of $6.85.
This would trigger stop losses and cause many traders to panic and throw away CRON stock cheaply!
There in lies the opportunity for us!
Lets see if CRON hits our targets and then reverses.
If you already have stock from previous buys, you may want to question the stops that may be in place.... some traders (like us) are looking at buying and adding CRON when the stops get blown out.
If the stock pops up after earnings, (we're wrong) then we'll call this a miss and simply buy on the next deep retracement in the future.
$CRON Risky pre earnings trade in Cronos. Entry level $8.42 = Target price $9.25 (Min) = Stop loss $8.40
High risk trade in Cronos, we could either see a huge rally or another considerable drop.
Some analysts think the bottom may be in for the WEED stocks, TLY and CGC having shown some bullish signal in the past week which we will investigate further today.
Cheap Great Long Term BuyI still seem room for drop but from a long term perspective it could potentially bounce off the trend line and rise
CRON- Time to buy!Good old CRON. We played it for the quick move up last year (2018) and sold in FEB 2019. We then went bearish on it and have said to those traders that wanted in "Don't Chase it, Retrace it!"
It now looks to have completed the Blue Bat pattern with a nice close on Oct 14 right at the textbook 88.6% retracement. It has also recently broken out of the huge pink parabolic down curve that has contained CRON this year (2019). Now with the recent pop and collapse, the price is sitting just slightly above the green buy line. In fact it is in the buy zone now!
We see nice daily rsi divergence setting up and look to start a new harmonic pattern.
We may see the pink Shark pattern develop. This could project an 88.6%-112.8% bounce of the Feb 2019 sell off to where we are right now.
Please note the "We are Here" and the small risk to the downside (if we're wrong) if we drop below the green buy line.
otherwise, this stock looks to be building energy here and should give us some very nice gains as we go forward into 2020.
if you would like to join our trading group for free, just let us know
CRON 2019.11.05 (Audience: Investor)Audience: Investor
Risk Amount: Position size should be max. 3% to 5% of portfolio total
Entry Price(s): Multiple entries with a scaling strategy to average down or average up the net cost over 6 to 8 weeks.
Publication: Free Analysis (Promotional)
Author: www.MKSara.com
Ticker: CRON
Description: Cronos Group
Type of Analysis: Technical
Source of Analysis: Price Action on Weekly Candlestick
Trend Analysis: Down-trending with signs of consolidation based on price and volume
Trend Velocity: Negative Deceleration with a strong sign of consolidation
Current Price: $10.87
5 Day Forecast: $12.05 Target but will likely face resistance and retest $10.15
Price Range : Multiple Buy Zones listed on the chart
Conclusion: Strong historical areas of support which implies historical valuations at these support levels.
Take Small Loss, Not WorkingThe 40% move in the after hours was probably was a sell, and not a buy. Darkpool just dumped and dumped, but who knows
CRON - Cup & Handle or W PatternCould do with some more volume, but broader market sentiment appears to be changing. With the HEXO's, CTST's, TGOD's and the likes, in turmoil, I suppose it is scary to stay true to your thesis. CRON is one of the potential long term winners, and even though it is trading at a ridiculous multiple, it is currently above resistance.
If we look at the hourly chart, we see a short term Cup & Handle emerging, and we're currently looking at a beautiful Bull Flag. If we look a bit broader, we see that the current Cup & Handle are part of a larger W pattern, which in this case seems to have started to form at the temporary bottom.
I was hoping that CRON would close the week above $9.30, but with peers just leisurely laying off hundreds of workers, I suppose it is impressive that she stayed above resistance on a typical low volume Friday. Indicators do show a good underlying strength. I'm looking for a test of the lower $10 levels next week, so that we soon may seen CRON attempt a double top, or even a higher high.
What are your thoughts?
High volume on CRONHigh volume, Bullish RSI could signal a bottom on CRON
Might trade sideways for a week or two
I know this is a bad trade, but i think a dcb is dueafter -70% it just needs to find relief here.
i highlighted the most probable bottom at $2 bucks right now but that doesnt even feel right
its a bit of a yolo bag but im not going to hold into a drawdown. supports are too risky to trust imo
CRON TO START A NEW UPTRENDCRON TO START A NEW UPTREND:
It is currently at 0.236 pull back of the entire wave.
it $7-8 does not hold. we could look for a possible entry at 3.5 or 0.382 pull back.
Long, Stop 8%. Short Term Trade. Medium SizeEverybody is watching it after that spike. Risk reward looks good, and it's starting to move. SEO metrics were hot too. Promoted a few Cronos groups posts on the boards and got a lot of traffic
Some thoughts on where Cron may be heading in the next 12 monthsI am basing this off of the patterns seeing in the first Elliot cycle which just completed. Obviously, it is difficult to see this far out, but Cron trades well technically. Here is the possible formation that waves 1,2 and 3 might take, based on the patterns seen in the last cycle.
