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ScotianBot
Nov 10, 2019 2:31 AM

TNY Update. Long

THE TINLEY BEVERAGE COMPANY INC.CSE

Description

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 Triangle as well.
Worth noting.

We've seen a double top where I have the two red gavels that coincides with an increase in short positions during this exact time period, but I wouldn't be surprised to see them cover if they didn't already with the pending news of Canadian expansion with two unkown LP's, one Big & one Small, IMO only.

Time will tell per usual.

Comment

It appears as though the ascending triangle has held, you just need to look from a closer view.
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