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Noticing some higher lows on daily/weekly….no higher highs yet. Consolidating?
Lots of Rescheduling narrative floating around, could be the spark for the next trend change. Cautiously optimistic and liking the risk/reward from the chart. Nibbling on JUSHF and might here on TCNNF
Happy New Year my friend
LCK
Entered this past week …mid 40s
LCK
Starting to get…..
“Show me the chart, I will tell you the news” vibes…
Plan accordingly??
LCK
Thanks for the DM! I will def check it out on X
The Chart Guys who I like….also having the same sentiment, that with the bottoming of these charts any news on rescheduling would be a “buy the headline” event as it will really fuel the next cycle. Im thinking next year could be a runner….eyes peeled going into the new year. All the best to you, safe travels…
LCK
I hear ya, Im just “speculating” that the cannabis reform narrative will be pushed this year to get votes…again….
Looking at some bottoms on daily charts, TCNNF is still in the downward channel on the weekly. Im looking at some swing trades, not taking a long on any of these unless I see some trendlines break
Hope the year was good on your end.The BTC/proxies trade were really kind to me :)
LCK
Charts starting to hit oversold again…just as Biden announces marijuana pardons. Cant make this stuff up. Lets see how it reacts…
Grabbed some JUSHF today
LCK
No
LCK
Now that exit equity is clear and its trading at .48 cents Im glad I played smart and didn't marry this one.
Onward…..
LCK
Closed my position this week. No one, including me can get clear on equity percentage for shareholders on BK exit. Totally happy with the realized gains….will take a look at Core again after BK exit/BTC halving
LCK
Aggressive, maybe….but I’m still holding a handful from .05, the add puts me at .16 and I’m total chill
All the best, good luck to you also :)
LCK
And there we have it! The back test of .50
Added
LCK
Wake me when its over…
LCK
If your a long term investor why are you pulling indicators from the daily chart? Also you posted to GE Jim about 2 weeks ago that “charts are useless here” ….Confusing
Are you just starting to study them?
LCK
Its making some headway! It now only has to go up 700% from where you said it was “cheapies”
LCK
RSI is in the mid 80s and there is a clear bear div on the volume/price. Momo jumped in once the news came and it was oversold. Not saying it wont pump for a hot minute here and let the RSI run hot but the volume is fading…also a gap at 4.50 that imo will get filled.
No skin in the game…happy to be wrong, lets see
LCK
Momentum traders
LCK
Yo brah, that cat seems legit. Thanks, had no idea…for a minute there I thought it was your therapist.
LCK
Brah, who the F is Dr Joon J Fang?
LCK
Nice score Jimbo! Hopefully you played smart on this one? I see 2 “god candles” which brought it from oversold to overbought in 2 sessions. Looks like momo players to me….also ya spot that gap 4.50$? I had position on a “gap trade” on the OTC last month, took about 5-6 months to play out but it got there and overshot it. It was to the upside which was in my favor.
Enjoy the holiday weekend
LCK
As a chart dude…I think a retrace to that .50 range would be ideal. It blew through that on its way to 1.20…would be nice to see a back test as support…
Then again, any news on BK exit, shareholder equity etc and it could move hard imo. Thats either direction imo
LCK
Backtested the 50 after the last mini pump and failed as support so its now back in the downward channel….plus the MACD crossed negative….but charts dont work.
Whatcha think?
LCK
The only ballon deflated here is your bag of TCNNF. Narrative follows price, not the other way around imo. Few get this. You only have yourself to be upset with because of a poor risk management strategy. Ok, now to enjoy my summer…see you when the chart turns around
LCK
Yep, if the channel breaks it could be the end of the downtrend. All the “news” kids are going to be right sooner or later as it might help the trend break. Im not interested until I see a decisive break. Too many gains to be had now in other positions and charts…oh did I say charts?
LCK
Seems anything BTC related is really ripping
LCK
Not really, I usually just use weekly/daily….it seems that last little pump was a move thats still in a downward channel. Very boring to me
LCK
I went very light because of the risk, I also got 7s that I sold to take out my original allocation so the rest were freebies. I’m holding RIOT and MSTR, don’t think I will trade them at this point, let the BTC cycle play out…
All the best
LCK
I just noticed….per your chart, now that its retreated back to the 4.50 range, some trading in this range it will develop a solid H&S pattern
LCK
Agreed, I let go of half my position at 1.20 this morning. Still have a handful from .05 that I will let ride and see how BK exit plays out
LCK
I dont see it either??? I did read in a previous filing that a BK exit is planned for Sept/Oct.
I wish we could could get clarity on the equity current shareholders will receive…I guess that's the gamble!
LCK
Love the chart, cool colored lines brah. Last pump seemed suspect to me on low volume.
LCK
Yo CORZQ! Boom shakalaka! Im still holding my .05 bag….think Im gonna let some go, holy cow. Would hold for the BTC bull but its still a gamble what equity shareholders will get upon BK exit
Any thoughts??
LCK
Laid some trend lines, still looks like a bounce in a downward channel on the daily and weekly to me, but what do I know with these silly charts?
LCK
Eyes on the 50, rejection today…nothing new. Lets see if it can get some strength? Dial up the decoder ring !!
Still have my trades open I mentioned before, so Im in no rush. Hope all is well
LCK
Worldly experience thats why. It helps to form thoughts and opinions based on a lived non biased experience. Other than that, its just noise. Charts for stocks, charts for life, charts for spiritual growth…all the same, adapt and adjust to what is being presented to you. Seems obvious but few apply it…
LCK
No I was not, might be off base? The time I have spent in Florida is multiple decades. Basically long enough I can express my opinion. I have also lived in other states and demographics, all I can say is if Florida is not a “free state” than live in another state that you are told is “free” and develop an opinion from that lived experience. I have and can say that Florida is a great place to be at this moment in time. Most here, I don’t think have lived in the place they consider free for a handful of years to have an experience, just parroting.
Happy Independence day, glad the Trulieve board turned into a political town hall beings there is nothing else interesting to talk about.
LCK
Florida is awesome
LCK
Wheeeww! Complete face ripper. Gap closer???
Holding from .05 as that gap gets closer and closer…..
LCK
Hey hey, just saw this….ohhh it’s happy hour, shoot you a message…
LCK
Not really anything juicy actually. It is stretching further from the 50dma after the handful of bear flags which …technically…it should reverse, I’m just not seeing it yet and it’s not to exciting. It’s literally riding the the oversold line, slightly above it. Looks to me like nobody is interested. Some “good news” might change that though
I’m still watching it, in no hurry.
Keep me posted if you spot anything
LCK
What does “sawed off fascist” mean, I’m not familiar with that term?
LCK