Trulieve Cannabis Corp (TCNNF)

[GE_Jim]

Opinions you say, well let’s make a chart up and see what’s going on.
We’ll keep it simple. The top is the RSI scale. Still bouncing under the down trend line. No mystery there. The point of focus there is just how far over bought we were at the start of the year.
The main chart shows the down channel since the middle of March. I did include a Fibonacci in a restricted setting of 6 mo.’s. The 20 ,50 and 200 days for ref. does show exactly what it should.
The macd is just starting to break down, ADX is starting to rise up, in fact all are leaning to the down side. Volume, in general is less than what it had been. And of course, the obvious lower lows in play.
In any event those are things that chartist looks at, well, quants and computer programs too, but no matter. Let me explain.
The two lines that matter right now are the long lower line coming up from the lower left from Dec. and the high upper line starting from Mar in the 50’s coming down.
The lower line comes into play if the SP bounces off, not there yet but close. If so, that would be from computer trading programs. However, and in my opinion only the chart is very weak and I wouldn’t count on just that. But we don’t have to. In this case the higher line coming down from mid-march {the falling line with 3 arrows} is the focus point. That’s the line the SP has to break. It’s the only line a person now needs to look at. Will the SP break thru that line tomorrow? Will it break thru by Sept? Don’t know, only that when it does break thru it should be a good time to buy.
Anyway, you were looking for opinions and that’s mine.