[isatrader]

Hi Isa,
Just wondering what the right breakout point would be for stage 2 continuation on CRON.TO (if the volume follow through later this week). Is it a break above the red line at 10.79, above the the dark blue line sloping down around 9.70, or above the green line around 9.56? I am a bit confused after looking at the Stan's ideal buy for trader graph, thank you.

Cronos is dual listed in the US and Canada, so unless you are in Canada, I'd personally look more at the US listed CRON, as it's got much greater volume than the Canadian listing version of the stock and is already close to the 2x volume requirement from just yesterdays trade, so can be fairly confident that it will reach the requirement.

The Stage 2 continutation point would be above the horizontal line that joins multiple points in June and April. So on US listed CRON, that's 8.15. However, it has made a different kind of breakout, which is of the trendline already.

The ideal trader buy pattern is different to this, so you need to judge this one on other factors if you are considering it. The main one imo is always risk. Where would you put your trader stop loss, and then work out the rest from there whether it's tradeable or not for you.