Does this potentially indicate a bottom for NBEV? There's a nice rounding bottom that may form a cup & handle A cup and handle price pattern on bar charts resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift. A cup and handle is considered a bullish continuation pattern and is used to identify buying...
Since my previous two post about TNY trading in a bullish flag pattern & a ascending triangle; which both broke out to the upside, it appears as though Tinley is trading in another Bull Flag that may bring us over the 200 Day MA, and there's also a series of micro higher lows. Only time will tell, but notice on the rsi TNY appears to have a bearish divergence?...
Anheuser Busch InBev is literally printing short as it ticks. Prices just broke out of a bear flag pattern and now is about to do the same thing again. If it works, why change it right? This one will be selling like hot cakes, or rather like Telkom (pun intended). Sell: At the break of the bear flag pattern. Target is the bottom of the pattern according to the...
Possibly a Symmetrical Triangle as well & coincidently upon breakout would negate the descending triangle pattern which started roughly Nov 19th 2019. Key Takeaways Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical...
We've had the highest volume on the U.S side this year recently, along with the highest short on TNYBF on Dec 24th with 100% of the trades short, keep in mind it's not uncommon to see over 50% of TNYBF short, TNY on the CSE usually trades much higher volume, which is the Canadian ticker symbol. Anyway, this recent move has put TNYBF over the MA50&200, and it also...
Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another variant...
Maybe a descending triangle as well, but seeing the recent bullish upward since Goldman Sachs recommended a buy rating from neutral. It actually appears as though COT has formed a Triple Bottom, which also appears slightly as a Ascending Triangle. The triple bottom is similar to the double bottom chart pattern and may also look like ascending or descending...
It appears as though $TNY may have formed a triple bottom where I have the red fingers pointing right on the chart. In my previous post linked to this chart I spoke about the descending triangle & potentially testing .335c, clearly visible on this chart we can see .33c is about exactly where a new double bottom was created, and thus potentially creating the third...
Tinley appears to be trading in a Ascending Triangle creating a series of "micro" higher lows & higher highs. The 46c range would be ideal to hold because that's where we created our first "significant" higher high on a micro level that was representative of a potential trend change. On the RSI we can clearly see higher lows & higher highs forming a Ascending...
200 Day MA is only 26% away at the time of posting. Tinley has broken out of a ascending triangle, look at the rsi as well, very telling of a possible trend reversal after creating lower highs for months consecutive. Now Tinley is creating higher highs & higher lows on a micro level consistently. If we do see a retracement of any sort, I'd like to see 46c hold,...
Today's move is nice to see everyone, but we're still looking at a lower high on a macro level since Dec 2018. That may not seem macro to some investors, which is fine, but it's still important to note in regards to charting. All information helps, especially in hindsight when trying to learn new trading methods, I guess I'm speaking for myself. Anyway, a...
I know that when Canopy entered the Cannabis space they used Goldman Sachs to broker the deal. Goldman Sachs went bullish on Cott a few months ago, and why? Well, we know Goldman Sachs is supportive of cannabis via the previous brokered deal with Canopy, and they'd be privy to any Safe Banking & States Act regulations, so that may simply be the answer.... Cott...
Just a bunch of lower highs since late April / May PP. Anytime we've tried to get over the 200 Day MA since April, we've been knocked back down like whack a mole. In order for Tinley to change this trend they're going to need some material news, very simple... Otherwise, it will be a slow bleed down into the single digits, IMO. Let's not forget that the...
Or maybe a bull flag. Time will tell per usual.
It looks like Tinley is trading in another descending triangle. Maybe a bull flag as well, but the no news trend is likely to lead to the descending triangle playing out first. Time will tell per usual.
It appears as though TNY has broken out of a descending triangle & through some short term resistance that's been holding the sp down since September 25th. It would be nice to see Tny form a support at the 50c level & not drop below it. Also, TNY is trading above the MA (9,close) which is bullish. We just need to get the fuck back up to that 200 Day MA. That...