Saturday, February 02, 2019 3:57:59 AM
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
Recent CRON News
- Cronos Group Inc. Announces Results of 2024 Annual Meeting of Shareholders • GlobeNewswire Inc. • 06/21/2024 08:30:00 PM
- Cronos Group Announces Expansion of GrowCo to Fuel Global Growth • GlobeNewswire Inc. • 06/20/2024 12:12:02 PM
- Cronos Group Inc. to Speak at Bernstein's 40th Annual Strategic Decisions Conference • GlobeNewswire Inc. • 05/29/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 09:32:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 09:32:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 09:02:27 PM
- Cronos Terminates Sale-Leaseback of Peace Naturals Campus • GlobeNewswire Inc. • 05/28/2024 08:45:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/15/2024 09:02:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 09:09:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 09:06:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 09:05:10 PM
- U.S. Index Futures Dip, Bank of England Holds Interest Rates at 5.25% • IH Market News • 05/09/2024 11:47:20 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 11:32:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 11:31:22 AM
- Cronos Group Reports 2024 First Quarter Results • GlobeNewswire Inc. • 05/09/2024 11:30:00 AM
- Cronos Enters United Kingdom Cannabis Market • GlobeNewswire Inc. • 05/07/2024 11:00:00 AM
- Cronos Group Inc. to Hold Virtual 2024 Annual Meeting of Shareholders • GlobeNewswire Inc. • 04/26/2024 08:45:00 PM
- Cronos Group Inc. to Hold 2024 First Quarter Earnings Conference Call on May 9, 2024 • GlobeNewswire Inc. • 04/25/2024 08:15:00 PM
- Marijuana Stocks Up After Banking Reform Progress • IH Market News • 04/09/2024 10:05:42 AM
- Cronos Launches Lord Jones® Chocolate Fusions • GlobeNewswire Inc. • 03/25/2024 11:00:00 AM
- Cronos Group Inc. to Speak at the 36th Annual Roth Conference • GlobeNewswire Inc. • 03/12/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:24:53 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 03/05/2024 10:21:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:17:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:15:37 PM
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