Cronos, the cannabis company has showed recently a lot of momentum. Stock market rally is of use here. But as the market looks like if it is wondering about its next move, this stock looks like it is poised to go down. It has a history of pullbacks whenever it crosses upper kelt. I believe there may be a pullback to around 13.63-12.85 within a couple of days. However there is a chance on trend continuation if the price breaks 17.72 on big volume.
A lot depends also on the greater market. If it falls or stays flat, I expect the stock to fall, if it ramps up, the stock may stay flat or go slightly up but not for long.
A lot depends also on the greater market. If it falls or stays flat, I expect the stock to fall, if it ramps up, the stock may stay flat or go slightly up but not for long.