Cronos Group Inc (CRON)

[musicdad]

Cronos Group Inc forms bullish "Triple Bottom" chart pattern
Jan 15, 2020

From a Schwab service:

Recognia has detected a "Triple Bottom" chart pattern formed on Cronos Group Inc (CRON:NASDAQ). This bullish signal indicates that the stock price may rise from the close of $8.34 to the range of $9.40 - $9.70. The pattern formed over 39 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price may have hit a bottom and seems to be turning around to form a new uptrend The Triple Bottom starts with prices moving downward, followed by three sharp lows, all at about the same price level showing a test of a support level. Volume diminishes at each successive low and finally bursts as the price rises above the highest high--a decisive breach of that resistance level. This breakout confirms the pattern as a sign of BULLISH price reversal.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.


Also, the daily MACD crossed over the zero line a few days ago and the weekly MACD had a bullish crossover.

Good times ahead.....GO CRON!