ScotianBot

Bullish Flag for TNY?

Long
CSE:TNY   THE TINLEY BEVERAGE COMPANY INC
Or, will we see a sharp decline due to a hole in the wall front running leaked financials that are dismaying? And maybe even a good ol Tinley fashioned PP below the trading price to compliment the short-selling pressure of TNYBF and bearish sentiment.

I have placed green arrows on the chart to signify fake-outs of the Macro Descending channel and Micro Bull flag or Descending triangle , to be determined in due time.

It's possible Tinley is currently in the process of another fake-out in real-time, the CM_ Williams Vix is flashing green, this normally happens before bullish price action. But the sp is currently declining.

If Tinley breaks above the 200 DMA and consolidates above the micro-pattern it's a very bullish signal, trade accordingly.

Possibly a W Double bottom has occurred, only time will tell if TNY creates another higher low. glta



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