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Curaleaf Holdings Inc. ($CULRF) - Stock Chart Analysis and Price Prediction [Dec 02, 2022]12/2/2022 Curaleaf ($CURLF): Buy or Sell?
Curaleaf Holdings Inc. ($CURLF) cannabis stock ticker as be chopping in support and resistance channel for months and now enters the low spectrum of support level, is it time to buy or sell?
Curaleaf (CURLF): Stock Chart Analysis and Price Action Prediction
After applying my technical analysis towards Curaleaf stock chart, it's clear we entered the new bear cycle that either; 1) has potential to check the support buyers and see if a "soft landing" is possible, where it continues to chop, showing 'true value' or 2) breaks the support and heads south for a lower price tag, which I am more in favor of.
With this being the first, not confirmed, bearish wave cycle, it's really impossible to map out what will happen and how the cycle parameters will form, this is clear a 'stab in the dark' and rough guess, as $3.34 would be my price target, if possible soft landing $4.31 - $3.98 fails. To add, if panic selling triggers, I'd like to throw $2.72 out here if we're just guessing numbers here.
On the weekly chart, we can see a little more detail with possible outcomes. We just finished the week with the candle closing more than (-)50% of of the S/R prior low-high, thus feel the support will be weaker than prior trials.
Curaleaf has always been a suspicious chart performer, so I am curious how this one will plan out as, again, I think the selling pressure will be too much weight for bulls to hold and new lows will set in. Pot StocksWriting by Nick CaskeyPot Stocks provides stock chart technical analysis for cannabis investors in the marijuana sector of the stock market(s). Follow PotStocks420 on Twitter! Made or saved money by following these charts? Consider sending a tip or donate towards the analyst's pain management fund.
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Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations by Pot Stocks - These are theories and ideas using a chart analysis method developed by Nick Caskey.