CRON is now breaking out of it long term flag pattern. The 9,20 and 50 day moving averages are converging nicely under the price action. The long term consolidation pattern within the flag will lead to more momentum behind a breakout. Looking for a potential 10-13% move before it runs into upper resistance range. Earnings are released August 8th, will want to sell before that point regardless of profit target being reached or not.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.