CRON - is the bottom in ?
Bullish
- As there were unknown reasons why the stock gapped up signficantly, the stock managed to hold its gains and finish in the green at the end of the day
- RSI has left the oversold region and is now attempting to reverse direction
- Weekly chart shows stock holding previous horizontal support level at $7.54
- Weekly slow stochastic attempts to make a bullish crossover
Bearish
- The stock took away many of its gains throughout the day after going up as high as +25% during yesterday's after hours of trading
- The 50 MA continues to act as resistance on the daily chart
- Weekly chart shows resistance at $10.60 area as the stock got rejected at this level previously