TopOptionAlert
$CRON NOV20 3.5C · still actionable
Zone: $3.23 to $3.27
Invalidation: close under $3.14
Objectives: $3.44, then $3.61
The math: up 5.8% to the first objective and 11.1% to the second, against 3.4% risk on the invalidation, better than 3 to 1 to the second
Dear friend, picture a small plant that everyone walked past for years finally getting taller in plain sight, because that is this penny setup in Cronos. It closed Monday at 3.25 dollars, its third gain in a row, holding above the 3.14 dollar low buyers have defended this month, and what that means is simple. The floor is close, the room above runs to 3.44 dollars first and the 3.61 dollar yearly high next, and earnings on November 5 will tell us if the growth story has real legs before these calls expire.
P.S. Monday volume sat under its recent average, so a pickup in trading on a push over 3.44 dollars would matter more than the push alone.
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