Trulieve - Bears are in control
Updated
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 and most importantly, trulieve's future!
Any thoughts?
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Thanks !
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 and most importantly, trulieve's future!
Any thoughts?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg/uGsZMS
Thanks !
Note
And as we can see, the 0.5fib level is a heavy resistance. Bulls failed multiple times to break out of it with success. For now, all we know is that if it breaks above it without getting pushed back, then trulieve would be bullish, and we will see a bigger run than the one it had while breaking out.Note
Trulieve Finished the day above the 0.5fib level ! :ONote
Let's see what Monday does. For now this could still get eaten by sellers.Note
TRULIEVE giving us a higher low, which is bullish.
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