ScotianBot

Ascending Channel for TNY?

Long
CSE:TNY   THE TINLEY BEVERAGE COMPANY INC
TNY has seen some consolidation into an Ascending channel , which is another Bullish Pattern coinciding with multiple other bullish patterns that have played out recently.

Noticeably the green bullish flag I have outlined is a recent bullish pattern , and there was also a giant inverted H&S that played out to the upside, the right shoulder being the green bull flag & the head of the pattern is the green human icon.

How long the channel has lasted will help determine the trend's underlying strength.

In the context of technical analysis , a channel occurs when the price of an asset is moving between two parallel trendlines .

A channel consists of at least four contact points because we need at least two lows to connect to each other and two highs to connect to each other.

Notice a possible divergence on the RSI?


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