Cronos is becoming attractive, as we see it finishing a 4-year higher degree A-B-C correction from Elliott wave perspective.
Cannabis stocks are still down, but now at the end of the 2022 year we see cannabis sector approaching interesting and strong support zone for wave C of an A-B-C correction from the highs. One of them is Cronos (CRON) in which we see it nearing former wave 1 swing high and A=C support that can stop here around 2 area. By legalizing cannabis worldwide, most recently in Thailand, cannabis stocks could be very attractive for the future. Recovery may start in 2023.
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