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Re: None

Saturday, 02/02/2019 3:57:59 AM

Saturday, February 02, 2019 3:57:59 AM

Post# of 9238
Saw this posted on another forum site and thought it was a very sobering thought.

The last daily higher low was alllllll the way back at ~$14usd. A 54% increase from that last daily low to the high today without any consolidation. We all know that we haven't gotten any substantial consolidation with CRON since its run straight up. In 27 trading days only 2 of those trading days formed a lower close on the daily than the day prior. Monthly RSI - 79.75....Weekly RSI - 78.29...Daily RSI - 85.97...4HR RSI - 73.93...bearish divergence formed on the 1hr and 4hr rsi....volume climax with a shooting star daily candle. Now fundamentally, the Altria deal price was for $12.25....no reason that CRON should be worth almost double that when the partnership still didn't go through and they don't have the cash. Not just that, but the valuation at these levels for CRON has them trading at a 5x greater multiple to their earnings than CGC (which is absolutely absurd). CGC is earning over 7x in revs than CRON and already has over twice as much cash in hand than CRON is waiting to get in the future.

Also Cramer came out Monday saying for his viewers to wait to buy after a pullback in down the road and that he can't justify these levels. Zack's has a sell on CRON. Now Citron shorting this. Anyone in their right mind knows this is way too high for where it should be and we formed no daily support in a 54% move and hardly any support in ~120%. Im joining them and opening shorts.

Trust charts because charts do not lie

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