w0405124

Falling wedge ready for a breakout?

TSXV:N   None
Since Namaste's epic run up in 2017 we have been in a falling wedge for the past year and a half. The stock tried to break above it back in the Fall but quickly reverted back into the pattern. It is my opinion that we are nearing another breakout attempt to the upside. We are almost at the end of the wedge so a move is coming soon. Important to note on the weekly time frame the tightening of the bollinger bands that is occuring, similar to when the stock moved in the Fall. Fundamentally speaking, the company has been making a big attempt at turning around the view of the company after all the drama. It seems that they are back on track with progressing forward which is another point in favour of a bull case. MACD on the weekly has also crossed bullish now. Only other times this has occurred was right before the last 2 moves up. Any thoughts/opinions on this analysis?
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