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Beveragestocks

TNY Update.200 Day MA is only 26% away at the time of posting. Tinley has broken out of a ascending triangle, look at the rsi as well, very telling of a possible trend reversal after creating lower highs for months consecutive. Now Tinley is creating higher highs & higher lows on a micro level consistently. If we do see a retracement of any sort, I'd like to see 46c hold, which is the top of the ascending triangle, and one of the recent lower highs of the continued downtrend is at that level. On a smaller time frame & chart attached to this one you can notice a bull flag pattern that broke to the upside as well.
CSE:TNYLong
by ScotianBot
TNY Update.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 follow up news release may still be required to prevent the shorts from playing whack a mole. For a meaningful higher low I'd say the safest area is above the Dec low, and that's where we have a recent lower high as well. If we can get up to 47c in the next few trading sessions it would be a nice V shape recovery. Time will tell per usual.
CSE:TNYLong
by ScotianBot
Is Cott entering the cannabis space? I know that when Canopy entered the Cannabis space they used Goldman Sachs to broker the deal. Goldman Sachs went bullish on Cott a few months ago, and why? Well, we know Goldman Sachs is supportive of cannabis via the previous brokered deal with Canopy, and they'd be privy to any Safe Banking & States Act regulations, so that may simply be the answer.... Cott has sold off several assets over the past couple years & have some cash to spend, and seeing so many previous Cott employees in the Cannabis space leads me to believe they may make a surprise entrance into the sector.. On a micro technical level it looks like Cott may have formed a double bottom, with the right bottom slightly lower & is trading in a bull flag. On another note, It could be also be a descending triangle, and a double top with the right top being slightly higher, only time will tell. The 200 Day MA isn't far away either, interesting.
BLong
by ScotianBot
1
TNY Chart.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 entire cannabis sector has been bleeding for months on end, and surprisingly TNY has held up nicely in comparison to many other much larger companies... But we can only pat ourselves on the back for so long.... Time will tell per usual
CSE:TNYLong
by ScotianBot
TNY Updated Chart.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 will really change the trend. We don't want to simply create a lower high, and it would be ideal not to break below 46c. Time will tell per usual
CSE:TNYLong
by ScotianBot
TNY Updated Chart.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. Anything else like LBF licensing early or a new product would be left field & unexpected at the moment. It's worth mentioning that Tinley will be utilizing the standard operating procedures, blueprints and other IP gained during the buildout of their own facility to help its prospective Canadian partners with their own bottling plant buildouts. In other words, the several years of design, engineering and construction work, enabled by learnings from the real-world sales and market experience that Tinley has gained as a Company through their Phase 1 and Phase 2 facilities, will be given to these two Canadian LP's under some sort of agreement beneficial to both parities. “With a first-class production and sales team in place, Tinley is well-positioned to help third-party CPG and lifestyle brand owners extend their offer into the growing cannabis beverage market, in the same manner as our team has done for over 100 such brands globally in the cola and wider beverage industry,” said Ted Zittell, director of the Company. Time will tell per usual.
CSE:TNYLong
by ScotianBot
TNY Update. RSI is low on a 1 year chart.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 & create a new higher low! Some news would help, and these are "some" of the "potential" news releases to be expected in the upcoming days, weeks or months ahead. -LB Licensing -Nevada Partnership -Phase 2 equipment moving to Nevada -Co-packing Clients (2 done, 6 in negotiation, and likely more coming) -Expansion of LB with new bottling lines because of too many co-packing clients -Canadian LP partners Time will tell per usual.
CSE:TNYLong
by ScotianBot