LONG on CRON - Parallel Channel and Falling Wedge

544
I just took my gains on the short idea that I published on CRON -2.79% a couple days ago. Right now I believe the stock can bounce on the channel and price shows a falling wedge pattern. MACD is crossing as well and shows sign of a bullish opportunity.
I believe that the general sentiment on pot stocks is still fairly positive. However, there is a lot of speculation around it and I believe most pot stocks are way overvalued

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.