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Kush Bottles Inc.
(OTC: KSHB)
Take a deep breath. We are going to talk about the feelings you have bottled up inside. Just kidding, we are going to talk about bottles though, more specifically Kush Bottles. As per there website, they can be defined as “Kush Bottles is the nation’s largest and most respected distributor of packaging, supplies, and accessories.” Why are we going to talk about Kush Bottles today? Well, there are prices bottling up on the chart, and we are going to take a closer look at them to see what is happening here.
What is happening here? Well, the chart paints a rather clear picture of a battle between the bulls and the bears. Kush Bottles is currently displaying a symmetrical wedge on the chart. What is a symmetrical wedge you ask? Good question. Essentially it is when higher price points and lower ones become tighter and tighter. You will notice higher point over a time period becoming lower, but also lower points becoming higher. When you see this pattern emerge it is always best to wait for confirmation of a break of the wedge. Upwards breaks are bullish, while downwards breaks are bearish. While the price action is contained inside the wedge it can be considered a waiting game before we get our signal - some sources suggest that the outcome is slightly more bullish in these situations. If you do not want to miss out you could take a partial position within the wedge and when/if the breakout is bullish you can add the remainder of your position. At this current time, it appears that it is making a breakout right now. Let’s pair this up with the other charting skills we have developed and look for confirmation.
(note: this is a Canadian ticker for those of you looking to diversify)