Seems like a great setup for a possible cup and handle style breakout. Lots of space for a healthy pullback while still maintaining the 12 and 26 day EMAs as support before trying to break the double top at 16.70. If that breaks with heavy volume, I don't see why it couldn't take out the next resistance at 17.50 before heading up. The broader stock market is...
Dear Traders,
Trulieve enjoyed a small 4% run after it broke out of the triangle, after this a lot of selling pressure occurred, as this stock is quite new on the market, we can't tell much yet. For example, there is still no 55 ema showing, no 100 ema and also no 200ema. Once these indicators will show up we will be abel to tell more about trulieve price action...
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,...
