Hi All, Today's idea is tasking a long position on BCB. Just an idea. Thanks, James
Maybe a descending triangle as well, but seeing the recent bullish upward since Goldman Sachs recommended a buy rating from neutral. It actually appears as though COT has formed a Triple Bottom, which also appears slightly as a Ascending Triangle. The triple bottom is similar to the double bottom chart pattern and may also look like ascending or descending...
Trend: Bullish Rst: 0.38/ 0.41 Spp: 0.35 Widening Bollinger Band may continue to drive the stock higher given strong trading volume emerges with magnitude of RSI spike suggest the momentum may continue to stay.
I know that when Canopy entered the Cannabis space they used Goldman Sachs to broker the deal. Goldman Sachs went bullish on Cott a few months ago, and why? Well, we know Goldman Sachs is supportive of cannabis via the previous brokered deal with Canopy, and they'd be privy to any Safe Banking & States Act regulations, so that may simply be the answer.... Cott...