NAMASTE TECHNOLOGIES. Creating a new uptrendNAMASTE TECHNOLOGIES. Creating a new uptrend. After the lower lows, I look forward to see this creating a new high breaking its all time high on the long term. Do your research and find out.
Namaste
BTCUSD SELL THE NEWSWe getting into a corrective wave, rejecting the parabolic trend, and going for the main trend line (which will act as strong support).
Bull Flag or Descending Triangle.It appears as though the 200 Day MA is acting as the floor of the descending triangle or bullish flag.
Is Namaste trading in a bull flag?Or possibly a descending triangle, only time will tell.
This recent move was likely an insider privy to information about a company N is invested in, "Choklat" receiving a processing licence. BUY the rumor & SELL the news, next week is the best time to exit this trade before there's even further capitulation to the 18c & 13.5c range.
In the grand scheme of things, this little rally is probably going to be another lower high, N is still down -87% since September where Andrew Left exposed this company for what it was, and still is, IMO, trash..
Is Namaste trading in a descending triangleI think so, I wouldn't be surprised to see this go much lower...
This could end up being a bull flag, but on a macro level is it really going to change much. I think Andrew Left exposed this company late last year & it has been a slow bleed ever since.
Time will tell per usual.
Namaste tech is on a downward spiral to 18 cents support targetMaking channels using log view
Namaste tech is going down to 18 cents most likely, and then you can expect a 20% - 30% bounce
Buy order at 18 cents and take profit at 23 cents.
Thats how I would play it off.
I don't see any support until 51c! Double Top! And I don't think that dead cat bounce will hold if retested as a bottom.
Nom Nom Nom.....
Now we know why the last 3 Auditors left the company & they failed to report financials, they were ugly!
On Friday, May 31, a solid two months later than initially required, they reported a sh!t show. Then the stock tanked 18% to trade 80% lower than the 52-week highs seen in September last year.
17c by 2020.
After management attempts one last "pump" for edibles with a company that can't even spell chocolate properly, and was accused of scamming previous investors, c'mon.
Time will tell per usual.
Namaste Move (LONG)Namaste isn't a stock I have been able to trade every day, but today it went to the moon. I noticed it gaining volume and momentum around 12 pm, after being in a downtrend for the past few weeks.
Namaste broke 2 critical levels that I had been looking at and my lowest entry was 0.65. I would have done well to hold for a while longer.
Thursday & Friday are critical days for Namaste.
Ended the day +15%.
Namaste - Bulls are in control again ?Dear Traders,
Namaste CEO gave a live interview yesterday evening during which he shared his future plans and vision for the company and it all sounded very promising.
Looking at the chart of Namaste, I can see a bullish divergence which occurred when the stock reversed. The price action is now above the 100 ma (which is now support) and under the 200 ma (which is our resistance line). Let's see how the bulls will do today but i'm definitely keeping my eyes on this stock today.
Namaste Technologies AnalysisOver the long term Namaste's stock looks bullish, however currently it is in a weekly and daily range.
Significant weekly demand resides @ 2.11.
Zones of interest:
Demand @ 2.00
Supply @ 3.21
Long on Namaste - Parallel Channel I just bought in N.Tsx. Namaste Technologies is within a parallel channel. Right now, the stock is touching the lower limit. RSI shows an oversold tendency. I believe that the stock could bounce, as the sentiment towards Cannabis remains fairly positive. This is a short-term long that'll be closed before Friday.
Trade safe guys!
