TRULIEVE - Bullish or Bearish ?
Updated
Dear Traders,
A little update on TRULIEVE.
Price retraced towards the 0.5 fib level and touched it many times, but the bulls managed to close with the price above the fib level, and above the 55 ema, which is a bullish sign, but on the other hand I see a MACD that isn't crossing upwards yet, and a RSI that's under 50. These indicators show many a lot of possibilities so I prefer to stay Neutral until further notice.
What are your thoughts ?
A little update on TRULIEVE.
Price retraced towards the 0.5 fib level and touched it many times, but the bulls managed to close with the price above the fib level, and above the 55 ema, which is a bullish sign, but on the other hand I see a MACD that isn't crossing upwards yet, and a RSI that's under 50. These indicators show many a lot of possibilities so I prefer to stay Neutral until further notice.
What are your thoughts ?
Note
If the price falls under the 0.5 fib level, it will price will drop towards the next Fib level. If the price manages to break above the green support line, then we will be bullish.Note
Pirce declined but managed to break above the 0.5fib level, we are now bullish.
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