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$TRSSF Chart Analysis
Terrascend Corp. is on stage and singing, "What goes around comes around" and appears to be on track for the encore of, "circle of life".
Quotes by TradingView
On the weekly chart, $TRSSF is currently in a '3-4' leg, forming a triangle wedge, looking to follow through to close out the primary cycle.
Take a Hit or Let It Sit?
Terrascend Corp. gets a pass for me, don't think I will be hitting this joint for a while. I believe there could be a small bull-run on the 420 cannabis sector pump, but not enough to convince me to light it up. I expect to see selling/shorting start around 4/04/22, no later than 4/11/22. I will likely set notifications around $2.30 area (now: $5.75) and see where we're at towards end of June.
$TRSSF Update
While hitting my weekly, and daily targets, like most cannabis tickers, TRSSF oversold on May 4th, 5th and 6th. This overselling now pushes this weight down more than expected.
Very hard oversold after 3rd - 4th alternative correction. This will force 5th wave lower than last expected. Maybe some small pivots north on a semi-cycle correction during the 2nd half of May, but back to the southside afterwards. Possible $1.53... 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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Available Tipping MethodsAvailable Tipping MethodsI just opened up a crypto account, not sure how it all works though... (click to copy to clipboard) Please send me a msg if you would like to tip other crypto. Message @NickolasCaskeyThank you so much in advance!Keep this joint in rotation, pass it along!
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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.