TNYBF has broken flush out of a falling wedge to the upside on the RSI, when a stocks price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move, hopefully, that's what has occurred in this situation.
Tinley's breaking the downward sloping resistance of a bullish flag on the price action outlined in dark blue, only modestly at the time being, it would be ideal to see a flush breakout and a re-test of the downward blue sloping resistance, turning old resistance into new support. If we see a rejection in the upcoming trading days, the baseline of support of the pattern will need to hold to prevent this from playing out bearishly as a descending triangle, like I have hypothetically drawn in green on the price action.
Very noticeable bullish cross on the KST, this is exactly what you want to see in a bull market, it's normally bullish, for now. See previous blue finger icons as previous examples.
Maybe we see a H&S type of pattern on the KST, that's if there's continued upside from here, I have drawn a green line to make a hypothetical example.
Always the possibility of a blue sky breakout, depending on Macro developments over the upcoming months.
Tinley's breaking the downward sloping resistance of a bullish flag on the price action outlined in dark blue, only modestly at the time being, it would be ideal to see a flush breakout and a re-test of the downward blue sloping resistance, turning old resistance into new support. If we see a rejection in the upcoming trading days, the baseline of support of the pattern will need to hold to prevent this from playing out bearishly as a descending triangle, like I have hypothetically drawn in green on the price action.
Very noticeable bullish cross on the KST, this is exactly what you want to see in a bull market, it's normally bullish, for now. See previous blue finger icons as previous examples.
Maybe we see a H&S type of pattern on the KST, that's if there's continued upside from here, I have drawn a green line to make a hypothetical example.
Always the possibility of a blue sky breakout, depending on Macro developments over the upcoming months.
