We are continuing to watch CRON as the weekly equilibrium pattern gets tighter and tighter. We have entered a swingtrade on the consolidation of the recent higher low and placed a stop loss at $5.88 for a low risk to reward opportunity. We are looking for a bull break of $6.68 and $6.85 to move out of the equilibrium pattern and toward all time highs into the Summer. A bear break of $5.88 would stop us out of the trade and could lead to a bearbreak of the equilibrium pattern for more prolonged consolidation.
CRON Daily Chart - Equilibrium getting tighter and tighter
