TRUL trade ideas
$TCNNF Trulieve Breakout TargetsTrulieve Cannabis Corp. engages in the provision of medical cannabis products. The firm cultivates and produces its products in-house and distributes to its branded stores, as well as directly to patients via home delivery. Its products include smokable flower, inhalation, oral, sublingual, topical, inter-nasal, and concentrates. The company was founded on September 21, 2018 and is headquartered in Quincy, FL.
$TCNNF Grabs the Mantle of Sector LeadershipTCNNF 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.
$TCNNF Trulieve Cannabis Corp Trade setupAverage analysts rating BUY with $25 price target
Trulieve Cannabis Corp. engages in the provision of medical cannabis products. The firm cultivates and produces its products in-house and distributes to its branded stores, as well as directly to patients via home delivery. Its products include smokable flower, inhalation, oral, sublingual, topical, inter-nasal, and concentrates. The company was founded on September 21, 2018 and is headquartered in Quincy, FL.
$TCNNF Bullish On Trulieve Trulieve Cannabis Corp. engages in the provision of medical cannabis products. The firm cultivates and produces its products in-house and distributes to its branded stores, as well as directly to patients via home delivery. Its products include smokable flower, inhalation, oral, sublingual, topical, inter-nasal, and concentrates. The company was founded on September 21, 2018 and is headquartered in Quincy, FL.
TCNNF - Pending Ichimoku MilestoneTenkan > Kjiun for the first time since Dec-17. Historically, price has disregarded resistance at the daily level when moving up through Senkou A, which is crossing below Senkou B this coming week and may not factor as a resistance level at all.
Open question of resistance vs. support for key level at the 50D SMA of $11.38. Bullish signal would be closing the week above $11.46. For stops you might consider $10.84 (200H SMA) and $10.73 (200D SMA).
$TCNNF Trulieve CEO Fights back at Short SellerSource Benzinga
Trulieve’s CEO Kim Rivers issued the following statement addressing the allegations: “We ask that our investors be aware that the Report reflects the opinions of an acknowledged short seller, whose sole interest is in profiting from a decline in the price of the Company’s shares. I have full confidence in our management team and their abilities to continue to serve our customers without being distracted by these baseless allegations. Trulieve reserves all of its rights to take appropriate legal action against those responsible for the Report.”
Company profile
Trulieve Cannabis Corp. engages in the provision of medical cannabis products. The firm cultivates and produces its products in-house and distributes to its branded stores, as well as directly to patients via home delivery. Its products include smokable flower, inhalation, oral, sublingual, topical, inter-nasal, and concentrates. The company was founded on September 21, 2018 and is headquartered in Quincy, FL.
Is TRUL trading in a Head & Shoulders pattern?After the recent short report we've seen some very serious downward pressure, and rightfully so, IMO...
Any cannabis company related to fraud & corruption in this CantTrust environment is a Huge Red Flag..
There's nothing propitiatory about opening a bunch of dispensaries & growing grass, so the market cap here is out of touch with reality by a factor of roughly 10...
$TRUL 4HRSI posted the same chart yesterday but what a downside breach it was on the biggest volume traded so far in its young life. Because it happened so abruptly, I actually couldn't execute my trading plan to take profit on the $trul shares I own and buy $trul.wt at the bottom. Instead, I kept my share but successfully added $trul.wt near the bottom and sold some of my $lxx bags to fund it.
$TRUL 4HRS with long term trend linesI think it will bounce up from the bottom of the channel to retest the long term overhead resistance ~$18 CAD and hopefully break out. Weekly sales have been increasing consistently and pretty much a lock to blow out their full year guidance and hopefully will make them increase the 2020 guidance as well next year.
Trulieve Cannabis Corp Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical marijuana company.
Revenue is forecast to grow 39.46% per year.
Earnings grew by 339.5% over the past year.
RISK ANALYSIS
Earnings are forecast to decline by an average of -14.4% per year for the next 3 years.
High level of non-cash earnings.
Highly volatile share price over past 3 months.
Significant insider selling over the past 3 months.
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Trulieve - Pushing up!Another pot stock opening stores all over Florida. This has a 1.4B market cap but has presence is several states and a little better product line than Liberty Health. I think recent impulse leg on this 4 hour chart shows a rally target of 14.50 or so. W bottom looks good. I like it to get there.