Short
TGODF Green Organic Dutchman Holdings LTD, Big Bull Flag?

Lets keep it simple!
I've watched TGODF since release go from 2 to 6 in one month. 300% gains that soon may require a pull back.
There is not enough data to look at the longer time frames, as the shorter ones provide more current movements.
I've drawn a nice wedge pattern from the highs, and also found a larger BULL FLAG in the making. By the end of the month we should see where this is going.
Im going to wait until a safer entry zone appears, closer to the $4.30 area at the 618, and even the 786 area could be a second buy zone at the $3.7 area labeled in green.
The Ichimoku on smaller time frames is crossed bearish, and momentum continuing sells. but we can also see a decent amount of buy signals oversold, which I wont be counting on, considering the smaller time frame. There are no buy signals on the more important 4 hr to the WEEKLY.
A breakout of the wedge seems less likely, but still possible. Im a safe pull back level buyer, and will wait until they are reached, or move on to a different trade.
Happy Trading, Debating and Speculating! FOLLOW for more updates on all my charts!
I've watched TGODF since release go from 2 to 6 in one month. 300% gains that soon may require a pull back.
There is not enough data to look at the longer time frames, as the shorter ones provide more current movements.
I've drawn a nice wedge pattern from the highs, and also found a larger BULL FLAG in the making. By the end of the month we should see where this is going.
Im going to wait until a safer entry zone appears, closer to the $4.30 area at the 618, and even the 786 area could be a second buy zone at the $3.7 area labeled in green.
The Ichimoku on smaller time frames is crossed bearish, and momentum continuing sells. but we can also see a decent amount of buy signals oversold, which I wont be counting on, considering the smaller time frame. There are no buy signals on the more important 4 hr to the WEEKLY.
A breakout of the wedge seems less likely, but still possible. Im a safe pull back level buyer, and will wait until they are reached, or move on to a different trade.
Happy Trading, Debating and Speculating! FOLLOW for more updates on all my charts!
Trade active
June 28th chart shows the bounce reach a sell zone. This second sell zone on todays update will be for a false breakout only. Just something to watch for.Note
as you can see it wicked into the 4.28 areaTrade active
have called the wedge fail, to the short term bounce, to the first sell zone perfectly. right into my buy zone which I labeled over a month ago.also reaching my second sell zone almost perfect.
This could go past into the 5.4 area seeing as we have fairly strong buy signals on the daily.
Trade active
since the first 5 calls have played out perfectly on every sell and buy zone, we have reached the point of my chart where I never got to.I can only try to predict so much of the future, give me a break.
I see a perfect buy opportunity with positive indications everywhere.
If you want a short term bounce play I would shoot for the 4.50 area.
Not legal advice!
Trade active
charted in june.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.