CRON - Oversold Recovery
SWING TRADE
CRON showing signs of a reversal from being oversold. I like this because of the high risk to reward ratio.
Reasons:
1) 6 Red bars down
2) MACD Cross over below 0
3) RSI recently crossed up 30
4) MA cross over
5) Within previous support range
Entry: 5.71
Target: 6.99
Stop Loss: 5.61
Risk Reward: 12.8
CRON showing signs of a reversal from being oversold. I like this because of the high risk to reward ratio.
Reasons:
1) 6 Red bars down
2) MACD Cross over below 0
3) RSI recently crossed up 30
4) MA cross over
5) Within previous support range
Entry: 5.71
Target: 6.99
Stop Loss: 5.61
Risk Reward: 12.8
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