If this long-term support can hold, I'll watch to see if this pattern might play out. It could be a very large move up. Of course, it would involve the company really stepping up their game considerably.
MACD close to crossing bullish.
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...
Beaten down namaste found massive support at 0.50. My bullish buy was at 0.73 cents CAD. Target Price $1.15. In this new 2-5 weeks Namaste should be releasing their delay financials report. this could get interesting.
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...
$0.80 resistance looks important.
Buying the craft chocolate company was smart. White label chocolate for all LPs seems like a sound business model.
From a technical stand point, the RSI resistance line, 12 day EMA, MACD bull-cross and this 0.80 price all appear to be approaching at once. If it can push through all that, it will look pretty bullish to me.
After a series of bad news N is bouncing around a channel trying to find the price where it holds support. If we break bearish out of this channel there's a 50% drop before any real support can be found
This thing is tighter than Mike Pence's sphincter. I'm hoping it with break long, but who knows at this point.
It's promising that the 12 and 26 day EMAs have crossed bullish and are now acting as a comfortable support.
I'll be watching for a large volume day to indicate direction. If it breaks bullish I am looking for a medium term goal of just under...
Looks like we're just about ready to bust upwards out of this falling wedge near the $1.32 support zone. Short term target area between $2.33 and $2.95 somewhere between the .382 and .618 fib retracement zone. Chart also looks like a large cup and handle has formed so possible a longer term measure move to the $6.00 area. Thoughts?
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...
A break of either boundaries of this symmetric triangle will signal bullish or bearish action. Stop loss at $1.70 is recommended.
We ended the day very close to the upper boundary. It is more likely that the trend will break the upper boundary than it would the lower one.