How low it goes nobody knows... except I think TCNNF will bottom around $11-12. See wave count of what I believe to be an extended C wave and the 3 WXY waves I spot as subdivisions of the ending wave C diagonal. Each subdivision has Y being a measured move of W so expecting the same for (v) putting target at $12. Wave (iii) also cannot be shortest wave so wave (v)...
Despite tailwinds for Cannabis legalisation in US, the technical chart of TCNNF shows potential retest of 14.5$ region in the near term. This could be a good position for a long swing trade. Disclaimer : Educational idea and not a financial advice. I own long positions in TCNNF and will add on dip around 13.5 to 14.5$ if it goes there.
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TAKE A HIT OR LET IT SIT My last chart analysis was meet with pivot targets confirmed, but with this last few days of trading made me go back to the chart and investigate. Thursday (May 4th) this cannabis ticker (like a couple other marijuana stocks) sold a little more than what I was expecting. This over sold zone would mean that my last 3rd to 4th...
TAKE A HIT OR LET IT SIT? Trulieve Cannabis Corp. ($TCNNF) is currently on a downtrend, which from the start is clearly picking up pace as we reach a critical volume channel that didn't have much in 2020 and will look to replenish. After a primary correction, the cycle of a downward impulse will continue selling until we reach around 15.77-ish and will act as a...
Trulieve cannabis corporation -1 week - CSE- Trading idea
Perfect set up on truelieve as we have our second bounce off the rib and a support zone. Targets are are normal, the fib extensions.
Good spot to put something to work. Alerts are going off today given the waves in the market. Clear out the noise and allow the charts to speak. Worthwhile thoughts here. Edu. Only.
$25 seems like a descent buy-in target.. Dems need to start making announcements on MJ reform otherwise these stocks will continue to tank.. GL P.S. Ignoring the dip in March 2020 as it was a self induced sell-off
Great company. There's lots of those. The monthly looks overheated for a while and $GNLN is #thegem. #cannabisreform Ancillary company. Mega Merger with Kushco. Small caps take the cake in rising rate environment. Sell those large caps!
Today's TRUL has released earnings and has smashed the previous earnings indicating that they are executing very well. REV, Ebitda, Net income ,Gross profits are all increasing . They are steadily grabbing marketshare in the cannabis market , but strangely they are still in a downtrend. Fundamentally, I believe we have very good reason believe that investors...
TCNNF is trying to move. Large volume Bar with a pocket pivot noted a week or so ago. Price is below the bands. Many consider this bearish but price is usually drawn to back the inside of the bands at some point. Possible stop under 28. Maybe the pot sector is ready to move. RSI divergence at top but has been a while ago and would imagine it has corrected...
Seems to me like Trulieve would be a smart play right now. The RSI hit the 30 threshold this morning which leads me to believe the company is undervalued. There could possibly be a Bollinger squeeze that's been happening the past few days. This is also leading me to believe the stock price will jump soon.
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.......
Description: TCNNF is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position. Stats: 1. Ideal buy range: $38.8 - $42.3 2. Take profit: $56.76 3. Stop Loss: $35.96 4. Risk To Reward: 1 / 5 5. Accuracy Rating: 98%
stop loss at 35 trailing may be prudent
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,"