Updated
Terrascend Corp. - $TRSSF Chart Analysis (Continued)
TAKE A HIT OR LET IT SIT?
While hitting my weekly, and daily targets, like most cannabis tickers, TRSSF oversold on May 4th, 5th and 6th. This overselling now pushes this weight down more than expected. (Last chart analysis <4/18/22> : image below)
Very hard oversold after 3rd - 4th alternative correction. This will force 5th wave lower than last expected.
Expect some small pivots north on a semi-cycle correction during the 2nd half of May, but back to the southside afterwards.
Possible $1.53 / Jan. '23
While hitting my weekly, and daily targets, like most cannabis tickers, TRSSF oversold on May 4th, 5th and 6th. This overselling now pushes this weight down more than expected. (Last chart analysis <4/18/22> : image below)
Very hard oversold after 3rd - 4th alternative correction. This will force 5th wave lower than last expected.
Expect some small pivots north on a semi-cycle correction during the 2nd half of May, but back to the southside afterwards.
Possible $1.53 / Jan. '23
Note
6 weeks of solid charting on this one... noice!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.