Long

TGOD - Technical Analysis - Reversal Point reached ?

Updated

Here is my TA for TGOD, did it reach a reversal point ?

As you can see we are still in a bearisch channel but as soon as the bulls manage to breakout, we will have a bullish mood again with more volume.
17 october (Legalisation of marijuana in Canada) is getting closer, I can't wait to see what will happen.

What are you're thougts ?

Note

TGOD is creating a Bull Flag. Let's see how this plays off.

Note

Very very similar patterns on TGOD.

Our Support Line held, for now, let's see what tomorrow brings us.

We need to break above this descending channel in order to change the charts mood (to make it become bullish)

If we don't break out, we will see another lower low, and my guess is that you can make a safe entry once the price touches that red line of the descending channel. But that will take 3 days before it does.

Note

Zig Zag day, touched the reversal point line, and bounced back up with a solid green bar which such give us a green day tomorrow.

Note

So TGOD bounced of that reversal point like expected.

Here is a 1hr Chart picture of what we have right now.
TGOD's price action is trying to break the 55 ema resistance, let's see if that works out, if it does, we have the 100 ema just above it that will be another resistance point. Keep your eyes on the charts !

Note

Note

TGOD crossed the support line downwards, huge sell off.

Raw_Blitz

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