Today's move is nice to see everyone, but we're still looking at a lower high on a macro level since Dec 2018.
That may not seem macro to some investors, which is fine, but it's still important to note in regards to charting. All information helps, especially in hindsight when trying to learn new trading methods, I guess I'm speaking for myself.
Anyway, a...
Just a bunch of lower highs since late April / May PP.
Anytime we've tried to get over the 200 Day MA since April, we've been knocked back down like whack a mole.
In order for Tinley to change this trend they're going to need some material news, very simple... Otherwise, it will be a slow bleed down into the single digits, IMO.
Let's not forget that the...
It looks like Tinley is trading in another descending triangle.
Maybe a bull flag as well, but the no news trend is likely to lead to the descending triangle playing out first.
Time will tell per usual.
It appears as though TNY has broken out of a descending triangle & through some short term resistance that's been holding the sp down since September 25th.
It would be nice to see Tny form a support at the 50c level & not drop below it. Also, TNY is trading above the MA (9,close) which is bullish. We just need to get the fuck back up to that 200 Day MA. That...
It appears as though tny may be trading in a ascending triangle. It's clearly noticable on the rsi as well.
The 30-45 day estimated time frame for Tinley's two canadian LP's is fast approaching. Sunday would be 30 days from the previous news release. A Friday or Monday news release would be likely & timely for some sort of announcement in regards to this topic....
This is the same chart as my previous, just zoomed out on a 1 year time frame to give a better Macro picture.
What appeared to be a descending triangle on a smaller time frame in the chart linked to this post, still visible on the 1 year chart as well, was exactly that.
Now it appears TNY is getting ready to break through this "potential" Ascending Triangle &...
So, since the last time I posted a chart on TNY we were trading in descending triangle that broke to the downside on a "short term time frame." I had mentioned that the pattern could also be a bull flag , but that was not the case.
It is interesting however to see Tinley get back up to the 56c level where there seems to be historic support dating back to Aug...
On my chart I have support at roughly 66c & the next resistance at 75c & 86c.
Any material news will break Tinley flush out of this Ascending Triangle into a zone with very little if any resistance until $1.13 CAD.
Time will tell per usual.
The news release from Tinley today was enough to test the resistance level at roughly 85c to 86c, which is the top of an Ascending Triangle!
It would be nice to see Tinley break through this resistance flush tmrw, Friday, or possibly next week & consolidate above the Ascending Triangle.
There's not much resistance until 1.13$ CAD if Tinley can breakout of this...
Well, here is a chart I've done up on TNY real quick to take a look at the resistance levels & how high of a price increase Tinley appreciated previously with what volume.
I'm not the best chart guy so I'll just give my thoughts & anyone else can obviously chime in.
Also, now that edibles regulations & U.S legalization via "states act" or "federaly" is...
Well, here is a chart I've done up on TNY real quick to take a look at the resistance levels & how high of a price increase Tinley appreciated previously with what volume.
I'm not the best chart guy so I'll just give my thoughts & anyone else can obviously chime in.
Also, now that edibles regulations & U.S legalization via "states act" or "federaly" is...
Not sure what Tinley is going to be doing in the coming months as the cannabis and cannabis beverage sector heat up. We know their products are stellar and their management team is excellent despite some underwhelming financials. Some huge news coming soon with their new bottling facility and Canadian partnership being announced. Midterms and US cannabis reform...
