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TNYBF

Bullish Flag for TNY?Or, will we see a sharp decline due to a hole in the wall front running leaked financials that are dismaying? And maybe even a good ol Tinley fashioned PP below the trading price to compliment the short-selling pressure of TNYBF and bearish sentiment. I have placed green arrows on the chart to signify fake-outs of the Macro Descending channel and Micro Bull flag or Descending triangle, to be determined in due time. It's possible Tinley is currently in the process of another fake-out in real-time, the CM_ Williams Vix is flashing green, this normally happens before bullish price action. But the sp is currently declining. If Tinley breaks above the 200 DMA and consolidates above the micro-pattern it's a very bullish signal, trade accordingly. Possibly a W Double bottom has occurred, only time will tell if TNY creates another higher low. glta
CSE:TNYLong
by ScotianBot
TNYBF has broken flush to the upside of a descending channel.It appears as though TNYBF has broken the downward sloping resistance of a descending channel, and upon back-testing old resistance, it has turned into support for the time being. The Williams Alligator bands are widening to the upside which is inherently bullish and exactly what traders look for in healthy uptrends or a defined shift in momentum. On the DMI we've seen a bullish cross where I've placed the downward green pointing arrow.
OTC:TNYBFLong
by ScotianBot
Descending Channel for TNY?!?!TNY appears to be trading in a descending channel on a micro-level. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices, but only after an upside penetration of the upper trend line. On the KST there has been a bullish cross where I've placed the green downward pointing finger. On the RSI the downward sloping resistance of a descending triangle pattern is being negated, very bullish and it's possible the price will breach the blue downward sloping resistance of the descending channel to the upside if Tinley can release some note-worthy news next week, don't hold your breath. A breakout to the upside means there's a shift from bearish sentiment to bullish. It’s recommended that buying into this break should occur after multiple tests of the upper channel line. The reason being breakouts early on in the channel often lead to traps as shorts push the price of the stock back down to the lower end of the channel.
CSE:TNYLong
by ScotianBot
1
Ascending Triangle breakout for TNY?TNY has found bullish support at the blue upward sloping line multiple times since April 2020, potentially forming an Ascending Triangle. On the RSI we see a similar pattern as the price, there was a little fake-out that occurred recently but disregard that deviation. On the DMI there's been a bullish cross. Also, worth noting, the red downward sloping resistance that has rejected the share price consistently since Aug 2018, was broken to the upside in June 2020, and every time it's been back-tested since it has acted as support, turning old resistance into new support, inherently bullish. One co-packing announcement or large Beckett's purchase order through Costco, Kroger/Ralphs, or BevMo! should break this ascending triangle pattern flush to the upside, time will tell. Possibly an inverted H&S in green, with the human body icon being the head.
CSE:TNYLong
by ScotianBot
Falling Wedge breakout on the RSI for TNYBF.TNYBF has broken flush out of a falling wedge to the upside on the RSI, when a stocks price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move, hopefully, that's what has occurred in this situation. Tinley's breaking the downward sloping resistance of a bullish flag on the price action outlined in dark blue, only modestly at the time being, it would be ideal to see a flush breakout and a re-test of the downward blue sloping resistance, turning old resistance into new support. If we see a rejection in the upcoming trading days, the baseline of support of the pattern will need to hold to prevent this from playing out bearishly as a descending triangle, like I have hypothetically drawn in green on the price action. Very noticeable bullish cross on the KST, this is exactly what you want to see in a bull market, it's normally bullish, for now. See previous blue finger icons as previous examples. Maybe we see a H&S type of pattern on the KST, that's if there's continued upside from here, I have drawn a green line to make a hypothetical example. Always the possibility of a blue sky breakout, depending on Macro developments over the upcoming months.
OTC:TNYBFLong
by ScotianBot
Is TNY trading in a Macro Ascending Triangle?TNY appears to be holding on to the green upward sloping support in this chart, the support is interestingly forming a giant Ascending Triangle. Potentially merit for a Inverted Head & Shoulders, only time will tell. Tinley has multiple upcoming operational updates that can influence these patterns to play out bullishly to the upside in a parabolic manner. 1. Canadian expansion of Cannabis-infused beverages & Beckett's. It appears as though Canadian expansion for the cannabis-infused beverages has been held off until Tinley received their Long Beach License because Tinley expects to provide reciprocal co-packing referral services with a Canadian co-packing partner. Updates on expansion to Canada are expected in August. 2. Some of Tinley's Co-packing clients will be announced in the near term because Tinley's Long Beach Facility received official licensing recently. The company is now in a position to consummate agreements in its pipeline of prospective co-packing clients, apparently there are five, and the CEO has mentioned some of the deals will put Tinley on the Map. Mentioned in one interview is a National Brewery, a well known Winery, and some well known Cannabis brands & mainstream beverage brands. 3. Beckett's shelf placement regarding approximately 6500 locations of interest, commitments from 4 chains for August, at least 1 is rumored to be Costco. 4. Working to finalize initiatives with prominent figures in sports and entertainment for marketing of Tinley products and co-packing clients’ products. 5. Expansion to Nevada. Tinley has several bullish milestones that if completed in a timely manner can have a serious impact on the share price to the upside, and on the contrary if delayed, the outcome would be vice versa & a retest of 20c CAD seems plausible.
CSE:TNYLong
by ScotianBot
1
Is Tinley trading in a Bullish Flag?It appears as though TNY is about to make a Macro higher, which would confirm the bullish flag & be a continuation of the Triple Bottom / Inverse Head & Shoulders I talked about in my previous post. A Cup & Handle pattern played out perfectly recently too, so there's been a few bullish patterns recently that have resulted in bullish outcomes. Be mindful of the range of confluence we are trading in currently, which is where the descending triangle capitulated to the downside on March 4th & March 5th, until finding a Triple Bottom on March 19th. We may see bears attempt another short attack if support isn't held at 37c.
CSE:TNY
by ScotianBot
5
Macro Ascending Triangle & Triple Bottom?It appears as though TNY may be trading in a huge ascending triangle on a 4-year chart. Recently the RSI went to all-time lows, and since then we've seen a nice Triple Bottom & some bullish momentum. Notice where I've placed the blue sideways arrows, there are three bottoms that coincide with a price range of roughly 23c in March 2017. Again in late July & Aug 2017 at approximately the same price range. And more recently we found a low of roughly 18.5c, which could potentially represent the third bottom of the Triple Bottom. We can see on this chart that there was a Triple Bottom that happened in late 2016 until late 2017, I have three blue arrows inside of a descending triangle patten that represent what I am refrencing. A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of triple bottom is seen as an opportunity to enter a bullish position. There should be an existing downtrend in place before the pattern occurs. The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal. The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance.
CSE:TNYLong
by ScotianBot
Triple Bottom on the RSI? Inverse Head & Shoulder?Since Tinley has broken down from a Descending Triangle / Bearish Flag pattern, which outlined in dark red, it appears as though Tinley may have created a Triple Bottom on the RSI. It looks like an Inverted Head & Shoulders where I have the Blue arrow pointing sideways on the RSI, and at the same time could be a Triple Bottom if there's continued bullish momentum. The bottom of the descending triangle pattern is where I expect to see a potential bounce 2, if Tinley can release any substantial news there's merit for bullish price movement back into the pattern or slicing through it like butter. I expect to see rejection or some heavy resistance preventing Tinley from breaking above were the Green arrow ends upward. The RSI is so oversold on a 1 year chart it's hard not to consider this a screaming buy with blood on the streets, especially considering pending news announcements that could be quite significant in terms of shaping the company's direction going forward. On a 1 month chart TNY bounced off the 200 Day MA & is currently trading above it.
CSE:TNYLong
by ScotianBot
Bull Flag Or Descending Triangle?This is the same chart i posted on Feb 3rd but this Hollow Candles instead of a Line Chart. $TNY has displayed strong support 4 times during this consolidation period after the bullish move on Jan 14th, and the chart has also displayed moderately strong resistance creating the downward sloping trend line forming a descend triangle, or is it a bullish flag? Only time will tell I suppose. Keep in mind the more times a resistance or support level is tested the more likely it's going to result in break in either direction.
CSE:TNYLong
by ScotianBot
Bullish Pennant?Possibly a descending triangle? A pennant is a continuation pattern in technical analysis formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. Pennants are continuation patterns where a period of consolidation is followed by a breakout. It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume. Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation. Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout.
CSE:TNYLong
by ScotianBot
Is TNY trading in a Bull Flag?Since my previous two post about TNY trading in a bullish flag pattern & a ascending triangle; which both broke out to the upside, it appears as though Tinley is trading in another Bull Flag that may bring us over the 200 Day MA, and there's also a series of micro higher lows. Only time will tell, but notice on the rsi TNY appears to have a bearish divergence? Divergence can occur between the price of an asset and almost any technical or fundamental indicator or data. Though, divergence is typically used by technical traders when the price is moving in the opposite direction of a technical indicator. Positive divergence signals price could start moving higher soon. It occurs when the price is moving lower but a technical indicator is moving higher or showing bullish signals. Negative divergence points to lower prices in the future. It occurs when the price is moving higher but a technical indicator is moving lower or showing bearish signals. Divergence isn't to be relied on exclusively, as it doesn't provide timely trade signals. Divergence can last a long time without a price reversal occurring. Divergence is not present for all major price reversals, it is only present on some.
CSE:TNYLong
by ScotianBot
Is TNY trading in a Ascending Triangle.Possibly a Symmetrical Triangle as well & coincidently upon breakout would negate the descending triangle pattern which started roughly Nov 19th 2019. Key Takeaways Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation. Ascending Triangle Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point. TNY is also trading in what's called a Triple Bottom pattern with the first bottom starting roughly Oct 23rd 2019 where I have the red finger pointing right. Key Takeaways A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of triple bottom is seen as an opportunity to enter a bullish position. The triple bottom is similar to the double bottom chart pattern and may also look like ascending or descending triangles. Traders always look for confirmation of a triple bottom using other technical indicators or chart patterns. For example, traders might note that the stock has an oversold relative strength index ( RSI ) before a double bottom forms and/or look for a breakout to confirm that it's a triple bottom rather than a descending triangle or other bearish pattern . The MA50&200 are the black lines, plus the 200 Day MA is black as well. TNY is trading between the MA50&200 at the moment. Roughly 48% away from the 200 Day MA, which is better than most cannabis related stocks.
CSE:TNYLong
by ScotianBot
Is TNYBF trading in a Ascending Triangle?We've had the highest volume on the U.S side this year recently, along with the highest short on TNYBF on Dec 24th with 100% of the trades short, keep in mind it's not uncommon to see over 50% of TNYBF short, TNY on the CSE usually trades much higher volume, which is the Canadian ticker symbol. Anyway, this recent move has put TNYBF over the MA50&200, and it also appears like we're trading in a Ascending Triangle. Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
OTC:TNYBFLong
by ScotianBot
Is TNY trading in a Bull Flag or Symmetrical Triangle?Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another variant is called a bullish pennant, in which the consolidation takes the form of a symmetrical triangle. The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole. It is important to note that these patterns work the same in reverse & are known as bear flags & bear pennants, but the bullish volume recently indicates that it's unlikely to result in a bearish outcome... Only time will tell, and when it comes to Tinley Beverages, "My favorite time frame for holding a stock is forever." Warren Buffett On a Macro level Tinley has held their share price impressively well comparable to "any cannabis related stock" over the past 4 years boasting roughly 523% gains... On a Micro level we're potentially seeing a trend change from bearish to bullish, indicators that support my narrative is the recent Triple Bottom pattern that's linked to this chart. Also, the increase in buy volume indicates that short sellers are either losing money in their positions to the downside, or they're running short on shares available to short, or they've simply reached their target buy in price... Keep in mind hopium is a schedule 1 narcotic & has killed many Moon Boys in the cannabis sector during 2019.....
CSE:TNYLong
by ScotianBot
Triple Bottom for TNY?It appears as though $TNY may have formed a triple bottom where I have the red fingers pointing right on the chart. In my previous post linked to this chart I spoke about the descending triangle & potentially testing .335c, clearly visible on this chart we can see .33c is about exactly where a new double bottom was created, and thus potentially creating the third bottom of a triple bottom. We will need to see continued bullish price action next week & break out of this pattern flush to the upside, maybe create a top at 44c & consolidate sideways before continuing, who knows, only time will tell..... The RSI appears to be breaking out of a Bull Flag, and on 5 year & 1 year time frame the RSI is fairly low with lots of room to move to the upside, "if we're looking at a longer term trend reversal." Key Takeaways A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of triple bottom is seen as an opportunity to enter a bullish position.
CSE:TNYLong
by ScotianBot
TNY Update.Tinley appears to be trading in a Ascending Triangle creating a series of "micro" higher lows & higher highs. The 46c range would be ideal to hold because that's where we created our first "significant" higher high on a micro level that was representative of a potential trend change. On the RSI we can clearly see higher lows & higher highs forming a Ascending Triangle as well. Worth noting. We've seen a double top where I have the two red gavels that coincides with an increase in short positions during this exact time period, but I wouldn't be surprised to see them cover if they didn't already with the pending news of Canadian expansion with two unkown LP's, one Big & one Small, IMO only. Time will tell per usual.
CSE:TNYLong
by ScotianBot
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. Possible Bull Flag.Unless Tinley breaks above 47c in the next few trading sessions we're basically just looking at another lower high. There's clearly a possible bull flag pattern that may play out. The RSI was at an all time low on "all time frames" recently, which is reflective of the aggressive bounce we had in the share price. On the RSI I've made some notes that may indicate a trend reversal. On a five day chart I'll post attached to this chart you can notice the RSI bounce off the top of what was once a descending triangle, this may indicate the trend is changing due to old resistance becoming new support. Time will tell per usual.
CSE:TNYLong
by ScotianBot