A case for CRON

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

Yorum:

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.

Yorum:

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