Trulieve Cannabis Corp (TCNNF)

[Lostcoastkid]

Yes, love this chart and perspective...clearly a down trend and I can see the wedges you referenced.
Maybe the word "broken" isn't proper, maybe a "very weak" chart as imo it will need ALOT of recovery to return to " a healthy chart"

I actually haven't laid the Fibs on the sector/TCNNF. Although I have checked out the Fibs on the overall market. What I have seen that has given me pause, the S&P 500/SPX has reached a full 4.236 extension on the Fibs laid down from bottom of the 2008 crisis. So why does that matter? Maybe it doesn't but, the Fed sold stock there...Cathy Woods ARKK sold a lot of TSLA there.....

Maybe its something, maybe its not. Im a bit skeptical on the overall market so speculative cannabis stocks with weak charts are not where Im adding now. Now if we stay oversold and start to see mid-teens, maybe I will nibble on a few.

No doubt in my mind that Trulieve will be a great investment Im just not willing to ride an OTC stock into the dumps (although I just did with some long shares) when I could take profits/realized gains considering the exchange it trades on (which I did also, traded from 7.70 up to 50.00$)

Lets keep the informative dialogue going...

LCK