GREY:CNTTQ - Post by User
Post by
Ghostinthedarkon Jan 15, 2020 3:48pm
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Post# 30557208
Shooting Star Candlestick on the Daily Time Frame
Shooting Star Candlestick on the Daily Time Frame It looks as though TRST topped out at $1.60
Looks like this is also the new lower high on the time frame for the daily candlestick chart, unless the stock can rise above $1.60 tomorrow.
The low on the daily time frame is $1.30, going back Jan 7.
And so, it would seem that the stock is trading in a range....
High-$1.60 (new lower high)
Low-$1.32
The five day moving average is $1.41, and so I expect TRST to pull back to this price, or lower.
The 20 day moving average is $1.25....
Moving Averages and charts are just guidelines, and not the Holy Grail
Stock Price as volatile in the pot sector, and so bullish news can alter the guidelines.
Ultimately, the trader must decide when to enter the market to buy shares of TRST. Current price $1.50 and so stock has dropped .10 cents since the high of day.