ScotianBot

Ascending Triangle breakout for TNY?

Long
CSE:TNY   THE TINLEY BEVERAGE COMPANY INC
TNY has found bullish support at the blue upward sloping line multiple times since April 2020, potentially forming an Ascending Triangle .

On the RSI we see a similar pattern as the price, there was a little fake-out that occurred recently but disregard that deviation.

On the DMI there's been a bullish cross.

Also, worth noting, the red downward sloping resistance that has rejected the share price consistently since Aug 2018, was broken to the upside in June 2020, and every time it's been back-tested since it has acted as support, turning old resistance into new support, inherently bullish .

One co-packing announcement or large Beckett's purchase order through Costco, Kroger /Ralphs, or BevMo! should break this ascending triangle pattern flush to the upside, time will tell.

Possibly an inverted H&S in green, with the human body icon being the head.
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