NAMASTE TECHNOLOGIES. Creating a new uptrend. After the lower lows, I look forward to see this creating a new high breaking its all time high on the long term. Do your research and find out.
Or possibly a descending triangle, only time will tell.
This recent move was likely an insider privy to information about a company N is invested in, "Choklat" receiving a processing licence. BUY the rumor & SELL the news, next week is the best time to exit this trade before there's even further capitulation to the 18c & 13.5c range.
In the grand scheme of...
I think so, I wouldn't be surprised to see this go much lower...
This could end up being a bull flag, but on a macro level is it really going to change much. I think Andrew Left exposed this company late last year & it has been a slow bleed ever since.
Time will tell per usual.
Making channels using log view
Namaste tech is going down to 18 cents most likely, and then you can expect a 20% - 30% bounce
Buy order at 18 cents and take profit at 23 cents.
Thats how I would play it off.
And I don't think that dead cat bounce will hold if retested as a bottom.
Nom Nom Nom.....
Now we know why the last 3 Auditors left the company & they failed to report financials, they were ugly!
On Friday, May 31, a solid two months later than initially required, they reported a sh!t show. Then the stock tanked 18% to trade 80% lower than the 52-week highs...
Namaste isn't a stock I have been able to trade every day, but today it went to the moon. I noticed it gaining volume and momentum around 12 pm, after being in a downtrend for the past few weeks.
Namaste broke 2 critical levels that I had been looking at and my lowest entry was 0.65. I would have done well to hold for a while longer.
Thursday & Friday are...
Dear Traders,
Namaste CEO gave a live interview yesterday evening during which he shared his future plans and vision for the company and it all sounded very promising.
Looking at the chart of Namaste, I can see a bullish divergence which occurred when the stock reversed. The price action is now above the 100 ma (which is now support) and under the 200 ma (which...
Over the long term Namaste's stock looks bullish, however currently it is in a weekly and daily range.
Significant weekly demand resides @ 2.11.
Zones of interest:
Demand @ 2.00
Supply @ 3.21
I just bought in N.Tsx. Namaste Technologies is within a parallel channel. Right now, the stock is touching the lower limit. RSI shows an oversold tendency. I believe that the stock could bounce, as the sentiment towards Cannabis remains fairly positive. This is a short-term long that'll be closed before Friday.
Trade safe guys!
