CRON chart potential breakout candidateLooking at CRON as a potential breakout candidate, based on the chart and recent action in the Marijuana sector
CRON trade ideas
Bullish on CRON and marijuana stocksSupport around $5 has held. Stock bounced off that area 3x (triple bottom) and is now north of 100%. Stock broke out of $8 resistance and seems to be heading for January high of $11.90. Bullish!
possible breakout at $10this one it looks to be a slam dunk if it follows what i predict it should, volume is skyrocketing with the price consistently staircasing up, the market is about to close with it up 16% and i believe monday it should continue up, especially if it should get past 10.05$, and in all honesty it may be better to put buy orders above that to be safe, because it has already touched it once and not broken out, but it also didnt breakdown, and it also never closed above 10 so.. The other route i thought this was likely to take was going down to bounce off the moving average again which seems like it might be likely given its current pattern. The other thought is that it crashes and i have a top loss below the previous resistance.
STF Cronos Group INC / CRON short. Time for a cool down.Cronos has performed great, especially today amid a minor weed stocks sell-off but the chart is showing signs of exhaustion and fundamentally it is over-priced for its sector, despite being one of the few making money.
FA
Horizons cannabis fund $HMMJ and $MJ will begin re-balancing around September. I predict some of CRON will be sold-off to maintain weighting.
Weed stocks are all "over-priced" and the recent cannabis supply agreement in Canada may mean further government supplied products hitting the market.
TA
RSI's both show over-bought.
Big gap up followed by lower volume.
Big Time Breakout in WEED STOCKSCRON has been basing since january in a tightening pattern with 4 tests of resistance. Today we have a confirmed breakout with VOLUME. Currently long this name near 7.00 with a 50 cent stop. Think we could see 9 or even 10 over the next month!
Watch this for pullbacks! it has a ton of momentum here and the sector is in fire!
Breakout outside the Symmetry triangle - LONG $CRONBreakout outside the Symmetry triangle - LONG $CRON
Cannabis play
$CRON pullback to 21ma on WeeklyBacktest of 21ma on weekly and jam time back up.
Looking for a big push in to October full legalization in Canada.
A Buying Opportunity Next Week?I know I am pushing it a bit, but based on the trend for Cronos, the opportunity to buy in is most likely next week. I will be watching tomorrow to see if this pattern continues. If you are into shorting stocks, Cronos is ripe for the picking right now, but if you want to wait for an opportunity to go long......wait until next week. I am going to come back to this analysis to see how accurate I was........or wasn't. Happy Trading.
Should see 5.50 touch before going higher. current bear flag. Seeing a pattern develop on CRON which if it stays true today / tomorrow should be the last bull run before a new low of around 5.50 which I would turn bullish.
5.50 bounce for great risk / reward setupAs you can tell I don't have many indicators or trend lines as none of them really matter besides these 2 strong trend lines. We are coming down slower than CRON came down in the past and bounced at 5.50 which means we shouldn't break 5.50 as it won't be a strong punch (hopefully). Either way if you set a stop loss at 5.40 or even 5.35 in case a lot of stop losses are sitting right at 5.49 there is a great setup here. In the past this has gone from 5.50 to 7+ dollars every time its been tested. I will be loading up around 5.50 and giving it a shot. If this comes down slow and hits 5.50 support we should break that downtrend and have a nice rally as it will be around earnings which could really make or break that 5.50
Major #potstock comps after the June 7, 2018 C-45 Senate Vote Here is a comparison of $CRON; $CGC/$WEED, $APH/$APHQF and $ACB/$ACBFF
There is a pretty strong correlation going on.
I put the US tickers up because, going in to the Oct. 17, 2018 legalization date for Canada, I think that the options for $CGC and $CRON will have a lot of torque and the expiry is Oct19'18 so you can capture the event +2 days. There are Canadian options for most of these on the M-X.ca but they are illiquid. $CRON and $CGC have decent option markets: open interest, market makers and spreads. Volumes are still kinda low so playing the event a few months out should afford you enough time to actually accumulate a reasonable position.
CRON Trendline SupportNice risk/reward ratio. TL support, 4H technicals bullish.
In with 50 shares at 6.15, will cut with a daily candle close beneath 5.90-6.00
Very volatile stock that offers lots of potential.
Cron has lost momentum Cron is falling from the symmetrical triangle. nothing in the sector is looking good besides aphria. the summer bears are winning but for how much longer? Cron should find support between 6-7 CAD.
CRON Technical Analysts Good afternoon
It looks like $6 will be the level to watch, if CRON breaks below there it will be going below the 200 EMA and will breakout to the downside of the Symmetrical Triangle. The next level of potential support is the .618 Fib level but it doesn't have a good record of support/resistance in the past, all you can do from there is look for reversal signals. If it bounces here things may turn positive in the short term.
Channel or TriangleI'm Optimistic that CRON will follow the channel Up & not fall out of the triangle.
Welcome all thoughts on this ..
CRON Analysis update. Precise!!!This is just an update from my previous analysis. The candle's wick from yesterday landed precisely into the region that I highlighted as its support.
Now we need to see a few more candles of reversal or would it melt lower to the 8.11 region. Once it hits the 8.11 price point, I will wait for a reversal candle and then buy in!
CRONOS GROUP INC. CRON. Swing Trade.Purchase Range: $6.40-$6.70
Target:$7.09
Stop-loss$6.19
Timeline:~2-5 Days
$CRON's Quick decent has primed it for a swing today. We've already witnessed the oversold signal from the RSI (hovering 30), and the price is too good to pass up. The stop-loss is set low so no one is forced out of trades early.
$CRONLets see how long it takes to get there
These are the levels of interest to get long
Already played this name and holding onto some profitable trailer.
Looking to add
$CRON Movement, Retrace and SurgePot stocks are on the move. Summer is going to spawn a lot of fundamental info for $CRON - including growth.
Just under %2800 more demand YoY for marijuana alone. This puts $CRON at the forefront of pot stocks.
