Maybe a descending triangle as well, but seeing the recent bullish upward since Goldman Sachs recommended a buy rating from neutral.
It actually appears as though COT has formed a Triple Bottom, which also appears slightly as a Ascending Triangle. The triple bottom is similar to the double bottom chart pattern and may also look like ascending or descending triangles.
When STZ entered the Cannabis space they used Goldman Sachs to broker the deal.
Goldman Sachs went bullish on Cott a in July, and why? Well, we know Goldman Sachs is supportive of cannabis via the previous brokered deal with STZ & Canopy. They'd be privy to any Safe Banking & States Act regulations, so that may simply be the answer, front running Cott's entry into the cannabis space?
Cott has sold off several assets over the past couple years & have some cash to spend, and seeing so many previous Cott employees in the Cannabis space leads me to believe they may make a surprise entrance into the sector..
It actually appears as though COT has formed a Triple Bottom, which also appears slightly as a Ascending Triangle. The triple bottom is similar to the double bottom chart pattern and may also look like ascending or descending triangles.
When STZ entered the Cannabis space they used Goldman Sachs to broker the deal.
Goldman Sachs went bullish on Cott a in July, and why? Well, we know Goldman Sachs is supportive of cannabis via the previous brokered deal with STZ & Canopy. They'd be privy to any Safe Banking & States Act regulations, so that may simply be the answer, front running Cott's entry into the cannabis space?
Cott has sold off several assets over the past couple years & have some cash to spend, and seeing so many previous Cott employees in the Cannabis space leads me to believe they may make a surprise entrance into the sector..
