CTST's hope is aliveThis thing has been moving recently, and although it may pull back it looks ready to run much further.
I'll be watching this one closely
Canntrust
TRST lower high set; unclear picture from hereTRST on the daily timeframe in a tightening equilibrium, Friday saw a big bull move on a tweet about a potential beverage deal in the coming months and traders took profit just below the daily key resistance. It looks like our lower high is now in at 12.88 and bulls will regroup and look to form a higher low above 11.52.
The hourly chart is unclear where we see a big bull move one candle and the whole move being given back the next. Key short term support is 12.84 and we will be watching on Monday as the price action plays out and gives us a clearer picture of our new setup.
TRST bulls extended against key resistance TRST is one of the few names that held its uptrend intact rather than breaking key daily support. low of Friday 11.26 is the new must hold level for the bulls to maintain the uptrend. Bulls finished strong at the high of the day, and just below what is essentially a quadruple top on the daily at 12.75. The hourly chart is over extended, having seen 7 green hours in a row and is due for a healthy pullback; Anything over $12.25 would keep the bulls in absolute control and in prime shape for continuation, while anything lower would increase the possibility of setting a lower high compared to the high of Friday.
Daily volume was not incredibly convincing so bulls should kepe an eye on the hourly volume in the pullback on Monday for clues on the possibility of continuation. Of course sector leader CGC will be important as well, if the sector is weak, the correlation may prevent the TRST bulls from being able to continue upwards and test the all time high.
CANNTRUST HOLDINGS - TEIR 1 STOCKCNTTF CRON CGC TLRY APHQF
* CannTrust Holdings breaking out on harvest time sales about to commence....profitability as a Top Tier Cannabis stock, usually the least favored of this group I might add.
* Buy low, sell high, don't loose your money.
* chance to get more or first half share at $9 382 retracement after buying market order, can always buy more on the dip.
* Oct. 17th coming folks
* longbuylongsell by @MarxBabu Note: CCI shows excellent agreement to blue entry timing here with day chart, so MACD left out.
Disclaimer: Sorry volume with left handed index of volume # makes chart so busy and would love to have a reducting to 1/2 or better 1/3 the size.
About: CannTrust Holdings Inc is a Canada-based company, which produces pharmaceutical-grade medical cannabis for patients. The Company is a federally regulated licensed producer of medical cannabis products. The Company operates a hydroponic facility and an onsite laboratory for testing and research on the medical use of cannabis. The Company's exclusive pharmaceutical partner is Apotex. CannTrust Holdings Inc's products are divided into the following: Products Type, such as oil, dried cannabis, accessories and patient ready; Strain Type, such as hybrid, sativa dominant and indica dominant, as well as Strength, such as strong, mild and moderate. The Company's products are sold online through its Website.
Canntrust Holding currently correcting to ABCCanntrust Holding currently correcting to ABC
Looking like A is almost fully formed.
