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TRLY Undervalued / Fed Fix Long Setup
Tilray Brands, Inc.
Long
TRLY Undervalued / Fed Fix Long Setup
By AwesomeAvani
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Follow
May 13, 2023
5
Cheer
Cheer
May 13, 2023
The 2H chart on TLRY shows a volume profile showing the highest concentration of shares
traded at $2.65 or about 15% above the current price. Short sellers dominated there. Price has
descended down onto the support/demand zone. It is near to tow standard deviations below
the mean VWAP and so very undervalued.
Federal legislation intended to remedy the cannabis industry's issues with banking, commercial
loans and other financial liquidity has begun. This is huge for this subsector and could cause a
breakout from the deep undervalued territory.
I will take a long setup here for a decent amount of shares and hedge with a single
put option for risk management/insurance. ACB is similarly positioned.
ACB
anchoredvwap
banking
cannabisstocks
Fundamental Analysis
mjstocks
Supply and Demand
TLRY
tlrylong
volumeprofileanalysis
Volume
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