Tinley appears to be trading in a Ascending Triangle creating a series of "micro" higher lows & higher highs.
The 46c range would be ideal to hold because that's where we created our first "significant" higher high on a micro level that was representative of a potential trend change.
On the RSI we can clearly see higher lows & higher highs forming a Ascending Triangle as well.
Worth noting.
We've seen a double top where I have the two red gavels that coincides with an increase in short positions during this exact time period, but I wouldn't be surprised to see them cover if they didn't already with the pending news of Canadian expansion with two unkown LP's, one Big & one Small, IMO only.
Time will tell per usual.
The 46c range would be ideal to hold because that's where we created our first "significant" higher high on a micro level that was representative of a potential trend change.
On the RSI we can clearly see higher lows & higher highs forming a Ascending Triangle as well.
Worth noting.
We've seen a double top where I have the two red gavels that coincides with an increase in short positions during this exact time period, but I wouldn't be surprised to see them cover if they didn't already with the pending news of Canadian expansion with two unkown LP's, one Big & one Small, IMO only.
Time will tell per usual.
Comment:
It appears as though the ascending triangle has held, you just need to look from a closer view.
