TYHTShineco Inc (NASDAQ:TYHT) looks poised for a possible trend reversal. Any close above 6.36 EMA200 would confirm the trend, with a short-term target of 8.70. The ADX is flashing "BUY"
TYHT
Shineco Added Cannabis SectorShineco stock gapped up this morning from news of them releasing a cannabis sector for their business. Shs Float is sitting at 16.39M with marketcap at 28.38M. We will be watching this stock for a continuation play tomorrow! Watch my full video review for $TYHT by using the link in my signature description!
TYHT: End of Week Winner (Loser)TYHT Poised for an afternoon sell-off!
Here is my set up and thesis:
MACD stumbling around the average,
The price is bullied up 30% today, well above 100 and 200 day MA's.
RSI is showing overbought at value=70
Entry: 3.64 Add if goes to 3.7
SL 3.83
TP 1: 3.52 (40% position)
TP 2: 3.45 (50% posiotion)
TP 3: 3.23 (10% position)
Good luck, happy Friday!
