Monday, June 11, 2018 10:57 AM EDT
Cronos Group had a big week last week moving higher on almost 40 million shares traded for the week. Average weekly volume currently is 7 million shares so this was over 5x average weekly volume. Explosive to say the least, and a sign of big money accumulating shares.
Notice how CRON formed a tight consolidation over the past few weeks right at the 30-week moving average and has started to break out higher.
This is a textbook Stage 2 continuation buy setup that other stocks in this space are also exhibiting.
(Click on image to enlarge)
Disclosure: I am long shares of CRON.
Disclaimer: The views and opinions expressed are for educational and informational purposes only, and should not be considered as investment advice. ...
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Disclosure: I am long shares of CRON.
Disclaimer: The views and opinions expressed are for educational and informational purposes only, and should not be considered as investment advice. The author of this website is not a licensed stockbroker or financial advisor. Nothing contained herein should be construed as a recommendation to buy, hold or sell any securities or financial products.Always seek the advice of a financial advisor and do your own independent research prior to making any trade or investment decisions.
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