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, engages in the cultivation, possession, sale, and distribution of medical cannabis. Trulieve Cannabis offers its services in the United States and Canada.
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As we can see, my red support line didn't hold and I didn't expect it to. Why? Because this chart is way to new to really be able to rely on your TA. Let's see what will happen today.
On the 1H Chart, we can see that Trulieve's price did hit the 21ema, but the question is, will it hold.
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As I said, we didn't have enough data to predict any movement so the waiting was worth it. My thoughts are that the price will go even more.
Sorry, kinda new to the game. When you say "My thoughts are that the price will go even more", do you mean more as in lower, or higher. Thank you!
Raw_Blitz
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@Stanley19, Hi there, sorry it seems like a missed a word there. I think it might retrace a bit more, but again.... this stock is hyped so its difficult to tell.
Shevax
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What's your forecast or trigger to consider?
Raw_Blitz
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@Shevax, I'll wait until I see the 55 ema on the 1h chart before thinking of an entry point to be honest, due to the hype around this stock i'm not sure what to think. I do think that it will go lower today.