A case for CRON

Panjang

Cronos Group Inc. Common Share (NASDAQ:CRON)

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NASDAQ:CRON Cronos Group Inc. Common Share

Technicals
- Solid pattern
- Oversold a bit, deffinatelly more room for a sell off
- MACD tightening up
- 20day MA soaring above 100 and 200 day, look for crosses

Fundamentals
- Canada vote on recreational marijuana coming up soon, anticipating a pump if polls are still bullish
- First Canadian mmj company on NASDAQ
- Annual sales up from 588k to 4m+ in 1yr

Target
Around 12$, stop loss around 4.50

Komen:

Cheeky 45% up in the build up to the vote tomorrow June 7th.

I will continue to hold until the news of the vote comes out.

Komen:

Additionally all indicators especially MACD and RSI have nice room to grow, sentiment still bullish.

Penafian

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