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 , which is a sign, but on the other hand I see a that isn't crossing upwards yet, and a 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 ?
But Im not sure MACD with which paramters is to be looked at and... Would prefer if a profesionnal help me
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.
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!