It appears as though TNYBF has broken the downward sloping resistance of a descending channel, and upon back-testing old resistance, it has turned into support for the time being.
The Williams Alligator bands are widening to the upside which is inherently bullish and exactly what traders look for in healthy uptrends or a defined shift in momentum.
On the DMI...
On a long-term chart for TNY, it appears as though the price has formed a bullish pennant pattern in blue.
The RSI is displaying a bullish flag.
A bearish cross has occurred on the DMI where I've placed the red downward pointing finger.
The price has noticeably broken the red downward sloping resistance of a Macro descending channel and upon back-testing has...
TNY appears to be trading in a descending channel on a micro-level.
Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices, but only after an upside penetration of the...
90% below its all-time high in June 2019.
Stochastic and RSI at the oversold point.
The Williams Oscillator has been in negative territory since August 2020, is a reversal coming?
Nuze has been trading at a loss for some time now, which has dragged the share price down, positioning itself near a relevant support level not seen since March last year. If it is a...
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...
TNY appears to be trading in a Macro Bullish Flag, or, potentially a descending triangle.
I have a hard time believing this pattern plays out bearishly due to the 12 co-packing clients yet to be announced to the public market, some of these co-packers will put Tinley on the Map, according to the CEO in an interview in April 2019.
The KST is displaying a bullish...
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...
The KST has seen some very healthy bullish crosses, I've placed three green finger icons to represent each golden cross.
It's always possible we see a fake-out to the upside similar to the fake-outs to the downside where I have placed the two sideways blue icons underneath the baseline support of the pattern.
On the RSI it's possible we see a retest of the...
It's very possible we see a golden cross on the KST in the near term, and if not this pattern will probably end up finishing bearishly.
The three blue finger icons represent previous golden crosses on the KST, I have place a question mark to represent the fourth bottom because we'll need a few more trading days to see the direction more precisely.
The green upward sloping line of support has held multiple touch points, potentially indicating the pattern is a Ascending Triangle.
Notice the RSI is respecting the blue downward sloping resistance of what appears like a bull flag or descending triangle.
The KST is on the verge of forming a bullish cross potentially where I have placed the finger pointing...
It's very likely this plays out bearishly as a descending triangle, Canopy recently released earnings & the price continued to sell off immediately in the days following, despite the financials improving from previous quarters, and despite strong beverage sales the market seems to favor the U.S focused MSO's at the moment.
Canopy will need some compelling news to...
TNY appears to be holding on to the green upward sloping support in this chart, the support is interestingly forming a giant Ascending Triangle.
Potentially merit for a Inverted Head & Shoulders, only time will tell.
Tinley has multiple upcoming operational updates that can influence these patterns to play out bullishly to the upside in a parabolic manner.
Canopy appears to have broken the base line of support of a micro Head & Shoulders, the blue line is where I have the base of support for the pattern.
The RSI is starting to creep into an area where WEED has seen support, the green arrows pointing to the right is what I am referring too.
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...
The trendlines of a triangle need to run along at least two swing highs and two swing lows.
Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
A long trade is...
Bullish flag formations are found in stocks with strong uptrends.
They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation.
The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend.