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Tinley Beverage Co, Inc.Tinley Beverage Co, Inc.Tinley Beverage Co, Inc.

Tinley Beverage Co, Inc.

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TNYBF trade ideas

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
Descending Broadening Wedge for TNY?!?!?37c in the next 3-6 months. Possible decline to 6.5c before a reversal. Bullish cross on the KST! Tinley's trading in a descending broadening wedge. With the Descending Broadening Wedge formation, we are looking for two touches to each trendline. Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper trendline thus forming the broadening wedge. Tall and wide patterns work better than short and narrow patterns. Descending Broadening Wedges tend to breakout upwards. Swing traders can trade the pattern from top to bottom and from bottom to top. After the trendlines are formed, as soon as the price touches the upper trendline go short. Cover this short (exit the trade) when the price reaches the lower trendline. As price touches the lower trendline go long (buy). Place your stop below the lower trendline. Trade price upwards to the upper trendline. Exit this trade here. When price breaks the upper trendline and closes above it this signals a breakout. Go long (buy) here. The target is the first (highest) high in the pattern. Which is around 37c CAD for TNY.
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
Bullish Pennant for TNY?On a long-term chart for TNY, it appears as though the price has formed a bullish pennant pattern in blue. The RSI is displaying a bullish flag. A bearish cross has occurred on the DMI where I've placed the red downward pointing finger. The price has noticeably broken the red downward sloping resistance of a Macro descending channel and upon back-testing has acted as support as of this moment, inherently bullish. If the blue upward sloping support of the bullish pennant is lost ideally I'd like to see bullish buy pressure at the old red resistance of the downward sloping channel, it should act as support again if there's going to be a convincing shift from bearish to bullish sentiment.
CSE:TNYLong
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
Ascending Triangle for TNY?It appears as though TNY is starting to slightly break the blue upward sloping support of potentially an Ascending Triangle to the downside, it would be ideal if the bulls hold this area of support. In green, I have drawn what appears to be a longer-term trending descending triangle, or, bullish flag, the green downward sloping resistance is currently being tested, it's already acted as resistance approximately 5-6 times since Aug 2018, the more a trend line is tested the more likely it's going to be broken in either direction. On the RSI it's noticeable that the blue upward sloping support has been broken to the downside, possibly a H&S formation happening where I've placed the human head and body icon with each shoulder being the green curved lines. On the KST there's been a bearish cross.
CSE:TNYLong
by ScotianBot
Another Bullish Flag for TNY?TNY appears to be trading in a Macro Bullish Flag, or, potentially a descending triangle. I have a hard time believing this pattern plays out bearishly due to the 12 co-packing clients yet to be announced to the public market, some of these co-packers will put Tinley on the Map, according to the CEO in an interview in April 2019. The KST is displaying a bullish cross where I have the blue finger pointing downward. On the RSI there is a noticeable ascending triangle forming.
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
Ascending Channel for TNY?TNY has seen some consolidation into an Ascending channel, which is another Bullish Pattern coinciding with multiple other bullish patterns that have played out recently. Noticeably the green bullish flag I have outlined is a recent bullish pattern, and there was also a giant inverted H&S that played out to the upside, the right shoulder being the green bull flag & the head of the pattern is the green human icon. How long the channel has lasted will help determine the trend's underlying strength. In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. A channel consists of at least four contact points because we need at least two lows to connect to each other and two highs to connect to each other. Notice a possible divergence on the RSI?
CSE:TNYLong
by ScotianBot
Bullish Flag or a Bullish Pennant for TNY?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 and are known as bear flags and pennants. What is a Pennant? In technical analysis, a pennant is a type of continuation pattern 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. Bullish pennants, just like its name suggests, signals that bulls are about to go a-charging again. This means that the sharp climb in price would resume after that brief period of consolidation, when bulls gather enough energy to take the price higher again. Pennants are often continuation chart patterns formed after strong moves. After a big upward or downward move, buyers or sellers usually pause to catch their breath before taking the pair further in the same direction. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant. Higher lows on the RSI & it is trading at approximately 52. Traditional interpretation and usage of the RSI dictates that values of 70 or above suggest that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective price pullback. An RSI reading of 30 or below indicates an oversold or undervalued condition.
CSE:TNYLong
by ScotianBot
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