TNY appears to be trading in a bullish flag and bouncing off of the DMA which is inherently bullish. Lots of speculation around this stock becoming involved with AB-InBev due to new BOD members. Interesting timing considering DEA re-scheduling and federal reform in America. Speculation is speculation, but the chart is indicating an upswing. And the company...
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...
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...
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...
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. 1....
Possibly a Ascending Channel , but on the RSI there is a noticeable divergence.
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. Another...
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...
It appears as though TNY may be trading in a huge ascending triangle on a 4-year chart. Recently the RSI went to all-time lows, and since then we've seen a nice Triple Bottom & some bullish momentum. Notice where I've placed the blue sideways arrows, there are three bottoms that coincide with a price range of roughly 23c in March 2017. Again in late July &...
Since Tinley has broken down from a Descending Triangle / Bearish Flag pattern, which outlined in dark red, it appears as though Tinley may have created a Triple Bottom on the RSI. It looks like an Inverted Head & Shoulders where I have the Blue arrow pointing sideways on the RSI, and at the same time could be a Triple Bottom if there's continued bullish...
Since my previous two post about TNY trading in a bullish flag pattern & a ascending triangle; which both broke out to the upside, it appears as though Tinley is trading in another Bull Flag that may bring us over the 200 Day MA, and there's also a series of micro higher lows. Only time will tell, but notice on the rsi TNY appears to have a bearish divergence?...
Possibly a Symmetrical Triangle as well & coincidently upon breakout would negate the descending triangle pattern which started roughly Nov 19th 2019. Key Takeaways Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical...
It appears as though $TNY may have formed a triple bottom where I have the red fingers pointing right on the chart. In my previous post linked to this chart I spoke about the descending triangle & potentially testing .335c, clearly visible on this chart we can see .33c is about exactly where a new double bottom was created, and thus potentially creating the third...