CRON Short

13 בפבר׳ 2019

After hitting its high, CRON has been in a downtrend for about a week and a half. The stock seems to be over valued and is trying to correct itself. Trend showing lower highs with similar lows showing a clear support. If trend breaks under the current support, that can be a good entry point for shorts. I think it is very possible to see the price break the current support due to the downward crossing of the 15 day EMA and the 180 day SMA.