Interesting break of support today. We've been waiting for this move for months. Ever since the parabolic upward curve was snapped, as shown in pink, we've had a sideways move, until today!
This is a great time to short CRON as we want to get back down to the buy line around the point D of the Bat Pattern.
This would be a great time to load up again as we did last year before all the hype ran the price up.
This is still a long term buy, but it is so volatile we can play it up/down/ and up/down again.
Weed is really cheap here in Oregon (not that I partake)... just simple supply and demand...
lets let the price cool off a bit and look for some panicky sellers as soon as the price breaks support.
In fact if we get so really bad news added soon that would be a get time to buy when fear is really bad and we can take the stock from weak hands :)
Old Fart
This is a great time to short CRON as we want to get back down to the buy line around the point D of the Bat Pattern.
This would be a great time to load up again as we did last year before all the hype ran the price up.
This is still a long term buy, but it is so volatile we can play it up/down/ and up/down again.
Weed is really cheap here in Oregon (not that I partake)... just simple supply and demand...
lets let the price cool off a bit and look for some panicky sellers as soon as the price breaks support.
In fact if we get so really bad news added soon that would be a get time to buy when fear is really bad and we can take the stock from weak hands :)
Old Fart
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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.