Or, will we see a sharp decline due to a hole in the wall front running leaked financials that are dismaying? And maybe even a good ol Tinley fashioned PP below the trading price to compliment the short-selling pressure of TNYBF and bearish sentiment.
I have placed green arrows on the chart to signify fake-outs of the Macro Descending channel and Micro Bull flag...
It appears as though TNY is forming an ascending triangle inside of a descending channel on a log scale chart.
I drew two hypothetical scenarios likely to occur, trading is often never perfect.
On the KST there's recently been a bullish cross, oftentimes throughout the history of the stocks trading, increased price action has followed.
37c in the next 3-6 months.
Possible decline to 6.5c before a reversal.
Bullish cross on the KST!
Tinley's trading in a descending broadening wedge.
With the Descending Broadening Wedge formation, we are looking for two touches to each trendline.
Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper...
Since July 2019 it appears as though BevCanna is the top-performing beverage-related stock, which Is very telling of the market considering BevCanna has 0 cannabis beverages available and 0 U.S assets or licenses.
To each their own, let's see how this chart looks this time next year, glta.
I would add VIDA & DIXI but they have disappeared into the P&D abyss.
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...
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...
It appears as though TNY is starting to slightly break the blue upward sloping support of potentially an Ascending Triangle to the downside, it would be ideal if the bulls hold this area of support.
In green, I have drawn what appears to be a longer-term trending descending triangle, or, bullish flag, the green downward sloping resistance is currently being...
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...
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...
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.
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...
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.
Possibly a descending triangle as well, but with the Long Beach facility license imminent I'm strongly leaning towards a bullish outcome.
The RSI looks like it recently made a Triple Bottom.
Only time will tell.
It appears as though TNY is about to make a Macro higher, which would confirm the bullish flag & be a continuation of the Triple Bottom / Inverse Head & Shoulders I talked about in my previous post. A Cup & Handle pattern played out perfectly recently too, so there's been a few bullish patterns recently that have resulted in bullish outcomes.
Be mindful of the...