CRON Cup and Handle - Watching for breakout
I have been playing with options for CRON for a little and personally I like the company a lot and see tons of potential for future growth.
A textbook cup and handle pattern forming on the 1h. RSI and MACD showing signs of upward momentum but volume is lower than I would like.
If it is able to break out I can see this going to $16 and I have a target of at least $20 by year end.
A textbook cup and handle pattern forming on the 1h. RSI and MACD showing signs of upward momentum but volume is lower than I would like.
If it is able to break out I can see this going to $16 and I have a target of at least $20 by year end.
Nota
Played out beautifully and locked in some nice profit. Looking for retest of either top upward trendline or $14 which was previous resistance.Nota
Bounced off of top upward trendline. I am waiting for a pullback to ~$16 before re evaluating for another trade. Might be a nice shorting opportunity especially if it ends up breaking support as CRON looks to be overbought.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.