Raw_Blitz

TGOD - Technical Analysis - Reversal Point reached ?

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TSX:TGOD   None
Here is my TA for TGOD, did it reach a reversal point ?

As you can see we are still in a bearisch channel but as soon as the bulls manage to breakout, we will have a bullish mood again with more volume.
17 october (Legalisation of marijuana in Canada) is getting closer, I can't wait to see what will happen.

What are you're thougts ?
تعليق:
TGOD is creating a Bull Flag. Let's see how this plays off.
تعليق:
Very very similar patterns on TGOD.

Our Support Line held, for now, let's see what tomorrow brings us.

We need to break above this descending channel in order to change the charts mood (to make it become bullish)

If we don't break out, we will see another lower low, and my guess is that you can make a safe entry once the price touches that red line of the descending channel. But that will take 3 days before it does.
تعليق:
Zig Zag day, touched the reversal point line, and bounced back up with a solid green bar which such give us a green day tomorrow.
تعليق:
So TGOD bounced of that reversal point like expected.

Here is a 1hr Chart picture of what we have right now.
TGOD's price action is trying to break the 55 ema resistance, let's see if that works out, if it does, we have the 100 ema just above it that will be another resistance point. Keep your eyes on the charts !
تعليق:
تعليق:
TGOD crossed the support line downwards, huge sell off.
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