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...
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...
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!