TNY Bull Flag or another Descending Triangle. 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.
Consumergoods
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.
TNY updare.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 2018.
I can speculate all I want about where the share price may be in the future, but only time will tell per usual.
Interesting divergence SPY/XLYI was messing around with my charts and noticed that SPY and XLY (Consumer Discretionary) are diverging. Looking back in time - with the exception of one littler divergence a couple years ago - I can't find anywhere else this has happened. Is this maybe a sign that the consumer is getting overly confident? When fear is turned off, things eventually get out of control.
The other thing I noticed is that XLP (Consumer Staples) is gapping away from SPY and XLY to the upside. Guess when the last time XLP gapped away from SPY and XLY?? Yep, you guessed it! It was last year right before the market tanked. This would also (maybe) be a sign that consumers are getting overly confident.
BUY $2.25 low BBAND contact - NYSE uplist by 2020“There is equality where all are slaves, as well as where all are free. This shows that equality, by itself, is not enough to make a good society.”
― Bertrand Russell
Consumer goods in indonesiaFundamental: rising in monthly sallary in every province by almost 8%. Current inflation (y/y nov 3.1%),means rising sallary is higher than inflation. Weakening of usd against idr,may cause decrese in industry's import component. Historycaly,consumer spending always incrased on the christmax,new year,chinese new year and "idul fitri". One thing to be consider as a negative point of view is the slowdown in indonesia's economy as impact of 'predicted' on global economy slowdown and US and China 2019 economy slowdown.
Knock knock $BGG, please let me in...Well $BGG can you possibly let me in at really good price today? That would be nice.
PG.... Sad Story but meeting support?
I don't follow this stock and it was a friend of mine who pointed it out to me. There is a massive amount of pain in this stock chart. First off, you had a bad, bad break of the 200 day moving average all the way back on January 23rd. If you were watching the charts, this should have been a pretty good signal that something was up with the stock. You also had above average volume coming in confirming that this move was most likely meaningful. The second warning shot was the death cross that happened on February 8th.
Today's bloodbath on top of the recent months of selling has taken this puppy all the way back to the levels it was at in January 2016. Ouch
If you take this all the way back to 2009 and draw a best fit line, today's prices stopped to meet this trendline support. I would have to hope that the pain is in the past for PG and maybe this is a capitulation "wash out." If it breaks this line.... then "adios amigo." How far it goes, how long it lasts.... nobody knows.
Kroger Short-Term RetracementI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
I think Kroger will have a brief retracement, or go sideways for the next few days or couple of weeks. Today (Monday, January 22, 2018) it formed a Hanging Man Candlestick. This is often a sign of reversal, but not always. The green trendline (bottom) I have drawn is based off the bottom wicks/shadows/tails of candlesticks (primarily January 04 and January 10 of this year). The orange trendline (top) is drawn off the actual bodies of candlesticks, rather than their wicks. Either of these could provide a support base for Kroger to once again continue bullish; or again go up only to hit pause on the blue horizontal line ($29.78ish) which seems to have snagged it as resistance for the past couple of trading days, but was also briefly acting as support back in June 2017.
I don't currently hold any positions in Kroger, but may consider a Put or two if it does start to follow my prediction.
LONG VOXX FROM SMALL BASEAbout to go buy shares in VOXX due to the breakout from a small base with a pick-up in volume. This was on the radar previously due to a break from the much better base beforehand as marked. Strong sector also. Long-term target is $17 as highs back in 2013. All-time high is $72.
