I honestly don't know much about chart patterns, but it looks like CTST finally woke up with a breakout today for the first time since the 03/21/19 earnings report. Really interested to see where this one goes as they ramp up production over the next year. I'll be going long on this one.
Long Entry $7.00
If you want to test my strategy out,
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Posting earnings today. Sell the news or all time high? Pattern certainly looks like it WANTS up. Double top, testing resistance several times, needs to break with huge volume in an attempt to reach for the stars...
CannTrust Holding Inc
= TRST TSX
was CNTTF. OTC
the market is still young
get in and follow with a 20% trailing stop or tighter
Canada , USA & the world are legalizing and
still more research being done on other canniboids in the plant
hippies smoked ,
now their are edibles still to be legalized
components still being ...
In this daily chart IMO this supports bullish plays, in that we now have the 200 SMA providing additional support below slightly curling up to further upside potential. The light gray rectangle on this chart indicates consolidation is in play, which should allow for the RSI to cool off and allow bullish buyers continuation. To further substantiate this view a cup...