Cresco Labs (CRLBF)
Today’s Chart of the Week comes from the marijuana industry, which seems to be on fire these days (no pun intended).
We’re looking at Chicago based mid-cap pot company Cresco Labs (CRLBF).
Cresco Labs is a vertically integrated cannabis and medical marijuana company that manufactures and distributes a wide selection of marijuana products across the country.
The stock is breaking out of a monster base to the upside and presents a phenomenal risk to reward with the potential for 50% gains.
We are long on CRLBF if (and only if) it rises above the $14.50 level.
Below that, we’re just watching.
But once above $14.50, we are buying and targeting $22 as our price target.
Til next week, good trading,
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