After taking a tumble, hoping for it a bit sooner, we can see that TSXV:CRON has bounced off support just north of the 61.8% Fibonacci retrace. This and strong buyer volume, leading to a strong close at +12.41%, with a green candle with no top shadow. There may be a bit of resistance and possibly slight pullback at ~11.74, but if volume stays the way it does, I can't see it being a problem. What we would like to see happen is for it to pop above that resistance line and close in the next re-trace zone, allowing us to turn the resistance into support, consolidate along or above and possibly think about looking at a new uptrend.
