Raw_Blitz

TRULIEVE - Bullish or Bearish ?

OTC:TCNNF   TRULIEVE CANNABIS CORPORATION
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 possibilities so I prefer to stay Neutral until further notice.

What are your thoughts ?
Comment: If the price falls under the 0.5 fib level, it will price will drop towards the next Fib level. If the price manages to break above the green support line, then we will be bullish.
Comment: Pirce declined but managed to break above the 0.5fib level, we are now bullish.
Hi buddy. On the canadian side. MACD is by little positive, RSI 49. What do you think about this

THX
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@Shevax, Has the MACD crossed upwards? If you draw the same green line I did, did the price action broke above? If yes, this seems bullish. If it didn't yet, wait for more confirmation.
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Shevax Raw_Blitz
@Raw_Blitz, Honestly I am not very good with TA and theses terms, Could you take a look at it please?
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@Shevax, I sent you a private message.
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Shevax Raw_Blitz
@Raw_Blitz, Hey, Yes. I saw this : Has the MACD crossed upwards? If you draw the same green line I did, did the price action broke above? If yes, this seems bullish. If it didn't yet, wait for more confirmation.

But Im not sure MACD with which paramters is to be looked at and... Would prefer if a profesionnal help me
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Shevax Shevax
@Shevax, are you on Discord?
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@Shevax, Yes I have discord, I'll send oyu my username in Private Message.
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siphoned Raw_Blitz
@Raw_Blitz, love the effort you put into your analysis! watching trul as well on the cdn side. would love to hear your thoughts, retracement currently happening i presume? entire sector is red today so it could be following suit, but i'm at a loss as to whether i should limit my losses and move on, or wait for a more bullish trend to form. Low vol, rsi around 55-60. 5% fall at open, and similar pattern the last few trading days. what are your thoughts on the run up to legalization in canada?
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Raw_Blitz siphoned
@siphoned, Hi there! Thanks for the kind words,
well yes, Trulieve is enduring retracement, and in my opinion it will drop back towards the 0.382 fib level. The stock is so new that I can't find any pattern or what so ever for now, the only thing that comes in my mind now is that this stock has to go undersold in order to go up again. That's just my opinion.
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siphoned Raw_Blitz
@Raw_Blitz, no problem! I dig your opinion on some of the other stocks I follow as well!
I'm in the same dilemma, we had a brief few days of consistent patterns of gap ups at open, then stabilization the rest of the day. likely profit taking is my guess, and because of low float it can bounce around quite rapidly in this type of environment. I may consider cutting losses and waiting for consolidation and a more bullish trend to form. low floats are high risk/high reward type of investments in that regard!
Thanks again!
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