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I think this is a produce company or something...🤔
Very nice clean chart.
So many ways to play this.
Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at OTC:TCNNF ...
I believe this code is at a point of potential volatility.
If price can hold above $10.00 ... Bullish potential may be unlocked.
My key upside targets include:
- $12.11 (Conservative)
- $16.01 (Medium)
- $20.06 (Aggressive)
...
V Shaped Correction to Double To enroute on TCNNF, Tipranks also updated to be bullish with a 7% rise soon, but we will get up by more than that just watch...
Since $4 I've been following this through a bullish diamond breakout that took us back to current levels just under $9.
There's a short term bearish wedge that is just below $9, if we break $9 the wedge may rise to $10-$11 before a meaningful correction towards $8, but if it fails at $9 we may see $7 to $8 before continuing upwards.
Short term I'm mixed to...
Get Ready for the diamond breakout post massive wedging setting up for a massive short squeeze over the past year.
$15 first target zone on a swing basis, then eventually $24-$28
My guess is that we are going for a crab. The reason I think this, is that the rest of the market seems to be corrective, and i think it drags this down with it.
The sloping white line is actually a long term trendline which would be the 3rd time hit. Would make everything look really pretty.
I dont know much about the company, but I would give this a shot.
Seems like one of the better marijuana companies from what little i know, but who really cares about fundamentals its about technicals..
Not sure where the price is going, if it will even hit 3.88, or if it will break through and keep going down... but the risk reward is clearly defined and its...
But I actually like the company. And I do think they are going to do well.
Im willing to take a shot if it hits the only trendline I can draw that makes sense. Bullish DIV on MACD.
I would cut losses if it strays too far below it...
But yeah when trash charts like this bounce they put in stupid gains like 300-1000%
so not much money is required to make a big return.
If you do some research, this is actually a company that is set to survive and thrive, as its competition goes under.
I think its already cheap, but with indexes beginning to correct, we could go lower. I would buy around the green box.
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
Bullish wedge has ben forming for almost a month with technical divergence of oscillators following suite.
I see a break and first swing target zone of 11.75-12.50 with a retracement and rise eventually to $15-$16..
This is a swing trade play I'm mentioning, but i do believe that TCNNF is owed more than that over the coming months that follows this blast off,...
Simple is always better, so here is my target for Truleive TCNNF, a puppy that's been beaten with a sludge hammer... $15 short term, but much more long term, this to me (since TCNNF isn't failing and everyone is about to be smoking to deal with 2023) a no brainer.
easy 1-1.5x even on conservative basis..
