Fibonacci was right last year. Why would he be wrong this year? If you still have a position, use the next jump to look for an exit. Canntrust will be interesting again when it has shown some healthy consolidation, and shown that it can solve the challenges it faces at the moment.
Namaste has been through the grinder lately. but the biggest thing is namaste failed to get their earnings out Friday and most likely not Monday either. I am suspecting namaste to get halted as earnings will most likely be released in April/May. as they lost confidence in their investors this week. Namaste had to support 0.68 but Friday made a low of 0.66. Next...
Congrats to anyone who acted on my previous post on CSE:SPR !!!
The company has released a presser stating they are in talks with a beverage company and are optimistic about a deal being concluded within the month of April.
This is the highest closing price ever, on HUGE VOLUME, and the all time high is not far away. Can the run continue? Hard to say...
- TSX:ACB broke above a declining trend line (1hr chart)
- Prices are trading above their 20-day and 50-day MA (1hr chart)
- Prices rebounded off their 50-day MA (daily chart)
- Bullish divergence with lower lows on prices but same lows on MACD and Money Flow
- MACD is about to turn positive.
TSX:ALEF has now ACBD Pattern setup and is forming a bullish triangle
ACBD Pattern Criteria has all been met:
Point C formed at least at 61.8% retracement of AB leg;
Point D formed at least at 127.2% extension of AB leg.
Point D can also occur at a distance not greater than 161.8% of AB or an extension of 138.2% to 161.8%.