I rarely do Buy and Hope, but today, I am hoping for a bounce from yesterday's low, signalling that a weekly higher low is in. This seems to be a decent supply zone, but broader industry sentiments are still tough.
Averages signalling underlying weakness, but when sentiments change, this stock should be testing $8 again in the coming days or weeks. Still, trying to catch a bottom is generally a bad idea.
Trade with caution!
Averages signalling underlying weakness, but when sentiments change, this stock should be testing $8 again in the coming days or weeks. Still, trying to catch a bottom is generally a bad idea.
Trade with caution!
Nota
If local resistance of $6.80 poses a problem today, we're likely to see CRON break the lower blue channel and look for a weekly lower low. Ancient supports are at $6 and $5.74-ish, and below that down to $5.50 and worse. This would complete a retrace of CRON's first parabolic move, 3 years ago. Considering broader industry sentiments, we may actually see this happen.Nota
No the biggest bounce, but a profitable move. Almost like a day trade.Currently looks like it wants to retest the lower channel line, and may even break below it this time. I think it is all up to ACB and CGC this week... Be sure to have cash at hand for buying opportunities!
🅱🄰🆁🅺🆆🄾🆁🆃🅷
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🅱🄰🆁🅺🆆🄾🆁🆃🅷
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.