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This is probably the most “un-Tim” idea ever, but I’d like to suggest that pot company Cronos (symbol CRON) looks like an interesting buy at these levels, with a stop-loss price at 6.50. I like the break of the downtrend, the price gap, and (although it isn’t shown here) the volume increase.
The upcoming week is the last decent week of earnings for 2020. Below are four charts of companies which announce earnings on Thursday:
The ascent of Bitcoin lately has been remarkable. In a mere two months, it has gone up 60%. Remember, this isn’t a company. There are no products, no revenues, no profits. It’s just………..a tradeable thing. In any case, I’ve been impressed at how much sway the Fibonacci retracement has on this beast, and just as I said I liked Bitcoin at $13,000, I’m saying now I don’t like it at $16,000.
The upcoming week is the last decent week of earnings for 2020. Below are four charts of companies which announce earnings on Wednesday:
