TNY Update.
It appears as though Tinley is creating a series of higher lows & higher highs on a "micro" level spanning since the 23rd of this month.
I see merit for another bull flag or ascending triangle, and with the current buy pressure accompanied with some news this week I wouldn't be surprised to the share price touch or jump over the 200 Day MA, depending on the news clearly.
I see the ascending triangle on the RSI as well, and there's also merit for a inverse H&S to play out.
Time will tell per usual.
I see merit for another bull flag or ascending triangle, and with the current buy pressure accompanied with some news this week I wouldn't be surprised to the share price touch or jump over the 200 Day MA, depending on the news clearly.
I see the ascending triangle on the RSI as well, and there's also merit for a inverse H&S to play out.
Time will tell per usual.
Note
Same Chart on a one day time frame showing a bull flag.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.