Shared by
astevenson8
This was an AI trade today. I identified an inverted head and shoulders pattern and decided to go long on this stock. Looking left there is room up to $15.40. This is a $7.58 increase per share or 97%. On 05/06/2021 this stock closed at $7.62 a share. In after hours trading the stock dipped to $7.19 a share. The opening 15 minute candle on 05/07/2021 opened at $7.17. This is down $0.45 a share or 5.95%. The stock traded up to $7.99 a share up $0.82 or 11.48%. This stock reported earnings on May 7, 2021:
CRONOS GROUP INC QTRLY CONSOLIDATED NET REVENUE $12.6 MILLION VERSUS $8.4 MILLION
CRONOS GROUP INC - QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.44
Bears want to see bearish volume enter the stock to drop Cronos below support near $7.60. If Cronos loses the level as support, it could fall further to the $6.95 mark before another chance of a bounce.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-07 10:16:02 | CRON | buy | $7.798 | long |
| 2021-05-11 09:30:18 | CRON | sell | $7.000 | 0 |
Comments
astevenson8
Thank you! I tried to add you on discord but it asked for your 4 digit code. You can add me @snarkysludge#6060 on discord. I also sent you an email. Happy trading!
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Hello. A quick note to let you know that I replied to your DM on Twitter. Keep well!