TSXV:RTI.H - Post by User
Comment by
BuddyGuyManon May 11, 2018 11:18pm
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Post# 28021601
RE:Bearish Pattern
RE:Bearish PatternI have to disagree you. If anything, the chart is looking bullish. On Wednesday we got a nearly abandoned baby with an oversold RSI, then a bit more indecision the next day, but higher than the previous doji. Today, the buyers took control and people are realizing how dirt cheap this is compared to where it will be once the new facility is completed and licensed. Buyers can get in now and watch the share price climb leading up to legalization, and any extra news along the way will only help the cause. Oh and when all else fails, we should all take a cue from the insiders buying. Good luck all.
llXONICll wrote: Keep in mind, the bounce off support may potentially be a run up to retest the neckline on the head and shoulders pattern - https://www.tradingview.com/x/NgTep1FK/
For those of you who don't speak technicals: This could be the beginning of a downtrend if we don't break over 1.17, if it heads down below ~1.10 I would expect a run down to ~0.85 before returning up to potentially 3$ range.