CTST/TRST Garbage StockMoney gone. I have been following this company, curious to see how criminal activity plays out, but stayed on the sidelines as I don't like to gamble. I know many retail investors expected this to return to old highs with short term fix and a fresh license. In reality, if you invested, trading has now been halted on both the TSX and the NYSE, and you can't reach your money. The Company expects that, as a result of having filed for protection under the CCAA, the Common Shares will soon be delisted from trading on the TSX and NYSE. In addition, CannTrust anticipates that, as a result of the Company's filing for protection under the CCAA, its pending delisting by the TSX and NYSE, and its continuing default of its disclosure obligations under applicable securities laws, provincial securities regulators in Canada will issue a cease trade order to prevent any trading in the Common Shares in Canada. Last but not least, Canntrusts expects to have no meaningful revenue for months to come.
No take over, no remedy, no sale, no nothing. Just a dull *POOF*. It is really that simple.
Trade with caution. Garbage is just that: garbage. I said it 5 months ago, and I repeat it today.
CTST
CTST / TRST - Earnings call coming up from this garbage companyI've read so many comments from people that think Canntrust is going to make a comeback. They have been floating adrift without a license, without sales and without production. Even if they get their license back, what kind of market share would they still have? All patients gone, no inventory, this company is in total shambles. A take over target at best, but who would buy this? And for what price?
Stay away from this garbage company.
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
CTST long setupCTST touched major support line. Well I don't think there is no any way back from this at least anytime soon. That's why i'm watching this other Weed stock for a potential opp. Watching it and also this other stock as well
Going long It looks like a reverse pattern. It got beaten down after disappointing earnings. They spent a lot of money and investors did not like it. It is spending just like all the other MJs. They have a very good number of patient and good sales growing numbers.
The RSI is low.
Buy with a limit at 13.2 and a stop loss at 9.2.
CTST / TRST panicFibonacci was right last year. Why would he be wrong this year? If you still have a position, use the next jump to look for an exit. Canntrust will be interesting again when it has shown some healthy consolidation, and shown that it can solve the challenges it faces at the moment.
TRST / CTST Cup & HandlePosting earnings today. Sell the news or all time high? Pattern certainly looks like it WANTS up. Double top, testing resistance several times, needs to break with huge volume in an attempt to reach for the stars...
CTST Daily Outlook: BullishIn this daily chart IMO this supports bullish plays, in that we now have the 200 SMA providing additional support below slightly curling up to further upside potential. The light gray rectangle on this chart indicates consolidation is in play, which should allow for the RSI to cool off and allow bullish buyers continuation. To further substantiate this view a cup and handle is forming which as the chart shows, the handle should complete when the 13 SMA on its current trajectory around March 5th if the support holds. The sellers volume is dissipating which should gave way to eager buyers to jump in when 9.75 breaks. More conservative buyers will look for an initial entry when 9.85 resistance is pierced . Then there are 3 resistance levels to test to make way to the ATH 1st profit target. A boost frm the SPY would increase the odds for upside potential. Ideally the climb up to the resistance level would print some support levels which could be used as stop loss points. Note in my charting I always like to include the SPY & QQQ to gauge correlations, in most cases i will also add a sector leader to gauge performance. Additionally, I'm using the Bollinger Bands as an additional indicator.
