Tinley Beverage Company Inc C.TNY

Alternate Symbol(s): TNYBF

The Tinley Beverage Company Inc., together with its subsidiaries, manufactures a line of non-alcoholic, cannabis-infused beverages for use in California, United States and in Ontario, Canada. The Company also manufactures cannabis-infused beverages for contract manufacturing clients. It offers terpene and cannabis-infused non-alcoholic Tinley's '27 and Tinley's Tonics products, for distribution to licensed dispensaries and home delivery channels in California. The Beckett's Classics and Beckett's '27 lines of non-alcoholic, terpene-infused non-cannabis versions of these formulations are available in select mainstream food, beverage, and specialty retailers in the United States as well as in select grocery and specialty stores in Canada. Its subsidiaries include Hemplify Inc., Algonquin Springs Beverage Management LLC, Beckett’s Tonics California Inc., Beckett's Tonics Canada Inc., Tinley's Canada Inc., and Lakewood Libations Inc.

CSE:TNY - Post by User

Tinley Beverage Company Inc

Bullboard Posts

Post by KingKongon Dec 21, 2019 3:26am

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Post# 30479273

Is TNY trading in a Bull Flag or Symmetrical Triangle?

Bullish flag formations are found in stocks with strong uptrends.

They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle , but is also often angled down away from the prevailing trend. Another variant is called a bullish pennant , in which the consolidation takes the form of a symmetrical triangle. The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole.

It is important to note that these patterns work the same in reverse & are known as bear flags & bear pennants, but the bullish volume recently indicates that it's unlikely to result in a bearish outcome...

Is TNY trading in a Bull Flag or Symmetrical Triangle? Chart Here!

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