CannTrust Holdings Inc CNTTQ

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CANNTRUST COMPLIANCE?

[Ghostinthedark]

Yes, I absolutely agree that TRST will continue its slow decline to psychological $1.00.

But I don't agree with your comment that technical analysis is irrevelevant for TRST. Shorters and daytraders are using support and resistance, bollinger bands, RSI.....to trade TRST on a day-to-day basis.

Shorters and daytraders also using the 1 min, 5 min, 15 min, 30 min, hrly candlestick chart to determine the type of price action. Yesterday, the chart told us that TRST traded in a Range.

Yesterday, The high/low range for TRST was $1.48 to $1.60. Since TRST closed near the low ($1.49), we can expect that TRST has a strong chance of falling lower the newest 52 week low of $1.48 today.

And if TRST has a lower high and lower low today compared to yesterday, you know that the downtrend has resumed---and we are no longer trading in a high/low range (support and resistance for various time frames)

You only know these fact by using charts and technical analysis.

The rational trader and investor will look at these technical indicators and charts, as well as rely on due diligence, make the decision that TRST is going to continue to decline. 

I don't believe the suspension will be lifted for many months, not until after 2020 begins. Since TRST has not sold any pot since mid-July is still not able to grow or sell pot, there will NOT be any revenue or earnings for months into the future. TRST is relying on a cash burn to support day to day operations. This reality will continue to create bearish investor sentiment, which will result in a continued decline of the share price.

In the next few weeks, perhaps by December, I believe TRST will fall to psychological $1.00 on the Canadian side and below $1.00 on NYSE, resulting in a delisting.

What does this mean for TRST?