/biz/ - Business & Finance

just some thoughts on TRIP/TRUFF. the RSI was at heavily overbought levels coming into earnings. we did a 2x off the bottom so a pullback was definitely warranted. support level is at 12c (~8.5c for TRUFF). i dont think we go under that level, and if we do it probably wont stay there long. volume has been steadily increasing off the bottom and there is a lot of new interest in the stock

the mister caps release and wiz promo is all scheduled around the summer time which i think will pump this and lead to a big increase in revenue. when we start to break some of these previous price levels there will be a lot of technical traders that start to pile in as well. there other other catalysts that can add to that too like getting the health canada license. if we break new highs i suspect that they might do an offering to fund the new warehouse build, and then after that consolidation we would be getting closer to legalization

similar path to what happened with marijuana stocks