Jump Over the GapThis stock had a good opening today that may indicate a turnaround. Temporarily we had exceeded even the cloud already. SAfter an ontraday correction there may be an additional rise now.
CRON trade ideas
CRON gearing up for a runNASDAQ:CRON
Weekly shows a fat base with accumulation. Daily support on the 200 sma which will reclaim the broadening wedge with the macd ready to support. Company is sitting on $855 million of cash and cash equivalents. Looking for 3.50 and potentially 5 once we move out of the weekly base.
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CRON, brewing a MASSIVE PRICE GROWTH soon! SEED NOW!NASDAQ:CRON (Cronos Group Inc)
SIGNAL ON!
Tri monthly data is suggesting a rare massive shift.
It is now showing a bull head signal on this extremely long term timeframe.
THIS IS EXTREMELY RARE.
LAST TIME IT HAPPENED WAS 3 YEARS AGO ON JANUARY 2021.
AND THIS IS ONLY THE THIRD TIME THIS HAPPENED
ON ITS 8-YEAR LISTING HISTORY.
SOMETHING IS DEFINITELY BREWING HERE.
AN 8.0 TARGET SEEMS TO BE THE INITIAL TARGET.
Spotted at 2.50
TAYOR.
Place safety always on your trade.
Not financial advice.
Cronos - The Potential is Real! 40-100$ is in the cards no JokerHello guys,
also for Cronos the potential is definitely there to pull off some insane moves brining prices well above the level of 40$ with its wave 3.
It's final 5 to finish the cycle could end at around 80-100$
This means insane potential to the upside for Cronos.
Enjoy making money, we call it first at Mr.MoMoney
CRON Stock Price Forms a Bullish Pattern ahead of the ReportCRON Stock Price Forms a Bullish Pattern ahead of the Report
The Cannabis Stocks market has experienced a significant decline since its peak in the spring of 2019. The share of the Canadian company Cronos (CRON) then formed a high above USD 24, and trading yesterday closed at USD 2.55.
However, even after the CRON share price fell 10 times, there are still reasons for optimism:
→ Cronos recently announced its first entry into the edible chocolate category with the introduction of Chocolate Fusions. Cronos' newest edible innovation was developed by an expert team of culinary experts, nutritional scientists and leaders in cannabis product development.
→ InvestorPlace named CRON to its list of top Cannabis Stocks to Consider Buying in Spring 2024. The argument is a reminder that Altria invested USD 1.8 billion in Cronos.
At the same time, technical analysis of the CRON stock shows bullish signs:
→ The CRON stock price forms a rounding bottom pattern, or sometimes called a saucer bottom. The pattern is shown as a blue curve.
→ The B→C move is approximately 50% of the A→B move, which meets the criteria for an intermediate correction after a bullish impulse. It is also seen as a bullish sign that a candle with a long lower shadow is noticeable at point C.
→ The price has broken the upper boundary of the long-term channel (shown in red), indicating that the period of decline may be over.
Meanwhile, Wall Street is not very optimistic yet. According to analysts surveyed by TipRanks, the average price target for CRON in 12 months is USD 2.31.
Whether the bulls will be able to confirm the seriousness of their intentions will become more clear after the reaction of the CRON share price to the publication of financial statements for the 1st quarter. The event is scheduled for the evening of Thursday, May 9.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
CRON about to make a small comeback!In today's analysis, we'll delve into Cronos Group (Ticker: CRON) and its recent price action. CRON has exhibited interesting patterns since the Covid era, presenting a potential double bottom formation. Join me as we explore critical resistance levels and targets, offering insights into potential market movements.
The big "Legalize It"Fundamentals:
+ Weed
+ Established pharma and re-creational contacts.
+ Key moment for the "Legalize it" movement
Opinion:
Cron and Aurora canabis are the main names in the publicly traded cannabis's industry. As governments attempt to fight inflation while walking the recession line, it becomes a "Win-Win" for legalization and governments. A number of countries still have restrictions on cannabis but whilst fighting inflation and hunting for taxable income, the next 24 months may prove to be the most legaly accommodating towards this new industry. This week Thailand made the move. The idea is that they wont be the last! #Long
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Opportunities on the weed sector | CRONCronos Group, Inc. engages in the production and distribution of cannabis. Today we will take a look at the chart, and we will define what's the scenario we are waiting for before trading.
Between 4 to 5 dollars we can see a support level that has been working since 2018. That means that we are in an interesting situation regarding a historical low from where we observed MAJOR bullish movements starting from here.
But what is the plan for this? As always, my answer comes from observing past behavior, and in this case, what I can see is that in the previous 2 scenarios we had clear Flag patterns corrections before the big event.
So the plan is straightforward: I want to observe a flag pattern or any type of correction with similar size and duration before thinking about risking 1 dollar on this stock. An important aspect when you trade like this is that you can not force the market to provide opportunities, the only thing you can do is get ready for when the market decides to make the formation you want to see. PATIENCE AND PATIENCE
The place where I expect to start observing the flat pattern formation is around 8.20 that's the zone where the short-term bullish impulse found a minor resistance and the consolidation started in previous scenarios. (This may be useful for short term traders)
Thanks for reading! Feel free to add any idea regarding the Cannabis sector or views about this chart.
Mary Jane Sector Looking AttractiveWe are heading into an accumulation zone on many companies within the sector. It seems that valuations on Canadian companies are quite a bit cheaper for their own reasons. My take, put capital to work at attractive levels in some of the leading players. Maybe before the politicians try to get reelected in 22 and need something to pass in order to have a leg to stand on? Just a thought!
Smart side hustle that is proven to workI normally don't make such videos but for whatever reason, I just wanted to share with you guys about the side hustle that i learnt of one of my LATE Granddad. Buy Low, Sell high. Buy some cheap Stocks at a low price and forget about it. 10, 15 years down the line, you will thank yourself.
CHRONOS ON A KEY LEVELWith international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™.
Bullish divergence on the weekly coinciding with a market level where statistically over time this asset has always reacted. Interesting scenario and adequate space for different investment strategies. Medium / long term target price $ 9.60 - $ 13.
