Thread by @malteseinvest

Analysis: #NYSE $CTST

Case 1101 #CannTrust Holdings Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#CTST 1/4

Chart 1
Weekly Chart: Although a low of 0.75 has been recorded followed by a rise to 1.34 we remain unconvinced that the worst is over and envisage possible downside probes towards 0.70/64 where we expect better buying interest.

#Resistances are loaded at the ....

CTST 2/4

..... top: #Fib, #pivot, broken TL support, #SMA50. Only a close above sloping TL 1.23 and then a close above 1.37 will convince.

A vacuum exits above 1.81 and a weekly close above targets 3.20/45. A close above 8.20 is required to remove the long term bearish bias.

CTST 3/4

Chart 2
Daily Chart: The #Strategy is printed on the image.

$CTST 4/4