With the recent pump and dump on 4/03 and recent the Safe Banking rally, it didn't take much to erase those stairs of price action. For the most part, I would be alerting myself in the "loading zone" with a chance of panic selling, potential timeline of mid-late summer.
TCNNF may be a good buy now. We can see a regular bullish divergences. TCNNF retesting lows from 2020. If it holds, we may see a solid bounce. Risk/Reward Ratio: 9.7 Entry, Target and Stop loss are shown on the chart
TCNNF | Shares (no options on this) TCNNF Current Price $36 Price Target $50 This company is a US based weed producer and retailer. Trueville cannabis is one of the rarely profitable cannabis firms. They are set to benefit greater than any other stock on the market from more states legalizing marijuana because they are a pure play US pot company. Why buy Canadian...
A motive could be established that DRASTICALLY changes the landscape, like legislative changes.......
Trade price: US37.45 TP: US52 SL: 34.39 R/B: 1 to 5 One of Wall Street's top MJ stocks where analysts sees 80% upside - Yahoo Finance (04/21/2021) "Trulieve has a 50% share, roughly, of the Florida market and the market is actually accelerating,"
We witnessed the impossible last week with the Democrats taking control of the Senate. Technical, fundamental and political environments are in perfect sync and there will be a cash grab by institutions very shortly for all MJ stocks. HIGH TIGHT FLAG pattern has been detected for APHA. This is considered a rare and extremely bullish pattern (what happened to Zoom...
TCNNF is clearly a leadership pot stock at this point. As we gear up to run into the 2020 elections -- and all the new state-wide legalization moves that will start to pique attention -- this is a stock that markets have started to embrace. The technical picture matches that idea, with the recent breakout above multi-year sloped resistance now in place.
Comparing the stock performances of familiar US MSO's to the SSO Liberty Health Sciences so far in 2020. LHS still holding a 7% gain with Curaleaf @ 3% even after the recent week of sector selling. Can't say the same for the majority of their peers though.
TCNNF Shares of the stock have been a powerhouse leader in the cannabis patch in recent action. This is one of a very, very select group that has shown genuine technical strength not simply tied to US legislative moves. The stock is on a roll and still has a ways to go before flashing worrisome levels of overbought-ness. Trulieve Cannabis Corp (OTCMKTS:TCNNF)...
After doing some research on this company, I would give it a chance. We have hit bottom and bounced nicely. So I will expect two things... 1. We just continue up with no pullback to around Jan 15 - 17 high of earlier this year. Minor correction or consolidation zone around 10 that could breakout and has the probability to make a run for it to 15 or higher....
Using supply and demand, we can see the path we need to complete in order to proceed up. Breaking past the median and creating new support would be a great start. This stock is still in its very early days so its hard to technically chart this with extreme accuracy, we will have to see how it plays out. I will continue to cover this stock.
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...
Dear Traders, We don't have enough data to predict what so ever, for now, the only thing we can do is draw the lines and see how this will evolve over time. There is a lot of hype around this stock so anything could happen. About Trulieve Cannabis Corp (TCNNF) : Trulieve Cannabis Corp. operates as a holding company. The Company, through its subsidiaries,...