US Stock In Play: $TLRY (Tilray Inc)$TLRY further accelerated its price incline with a momentous gain of +50.91%, closing at $63.91. The total gain achieved by $TLRY for 2021 stands at +684.04%, marking it as one of the biggest winner in NASDAQ for 2021 till date.
The current price volatility of $TLRY has spiked to a level that was last seen in 2019, but remains a far cry from last 36 months peak average volatility which is 86% away. Substantial purchase order was observed at intraday support at $47.83 – $51.92 at 23.43pm till 23.59pm (GMT+8). Further institutional accumulation is also observed at $58.50 – $60.22 at 03.25am – 03.33am (GM+8).
This implied volatility contraction will not be witnessed until a break of price short term price support at $46.50.
TLRY
$Zyne - WAG (Wild Ass Guess!)Care to guess where we are going?? $Zyne $SNDL $TLRY. Hint: Gap at $10-11
Descending broadening wedge pattern MbII is trading in a bullish broadening wedge pattern, price action and volume within the flag seems bullish
Quick day trade or swing trade possible here
TLRYI think TLRY stayed under the radar of many for a while now, but im pretty sure it will play out great. This is my kind of longterm plan for it. I think at least till cannabis industry will be disrupted once again as everything on the long run may be, with TLRY we will see exciting times this year.
I think we just went through rea-ccumulation cycle and will meet the demand zone soon (blue box), this will be when hype might pick up, so ill set my first targets high to catch high volume volatility spikes during hype peaks and avg. down my entry in really long swings. when i hear the combination of words: ape, tlry, lambo, i will pbly sell :D
This is my ruff plan, so make your own, and don´t follow mine, cus i might not be updating and keep rubbing this chart in anyones face running around with a big ass bottle of i told you so and this may be the sole reaon im publishing this chart. this is not finacial yadda yadda...
DYOR HF GL!
US Stock In Play: $TLRY (Tilray Inc)$TLRY broke out of its Bullish Flag pattern with a remarkable day gain of +40.74%, closing at $42.35. $TLRY extended volatility was earlier highlighted 4 hours before the US pre-market opening session yesterday. The total gain achieved by $TLRY for 2021 stands at +298.45%.
At the current junction, substantial buying pressure remains in force with no signs of price exhaustion. Average price volatility of $TLRY have further inched to a range of $3.50/day with continuous volatility expected on TLRY in this month of February. The first major resistance to watch for a test on $TLRY is at $46, last traded in August 2019.
[CGC] Will be Loadin up Before Next Uptrend CrossThis is now my number two long term growth pick, recently supplanted by the winning APHA/TLRY combo. Still a better company than ACB by a good margin. OGI best value and ACB next best value though, these two been in the trenches for most of 2019 relative to the overall industry.
HEXO and SNDL still strugglin but holdin up OK, also great value there but much riskier. CRON has been very quiet but holding at a steady level at least.
I'm really loving my IIPR, YCBD and VFF pickups from a few months back too.
Kickin myself for missing GRWG, waiting for better value now.
TLRY - Bull Flag (Etoro Portfolio)Marijuana Stock rally as Jazz Pharma agrees to buy CBD maker, we used technical analysis to find out which has entry trade signal.
Having a strong uptrend since Dec 2020, forming a bull flag and build up approx. 2 weeks.
Break out on 2 of Feb 2021, RSI and Stoch. indicators also level at above 50% as confirmation trend in bullish.
I have trade at price 18.11 (can refer to Etoro), next day price open gap jump up.
Used Fibonacci Extension to project 1.618 and 2.0 as taking profit level.
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OGI (OrganiGram Holdings Inc)OGI is a Canadian Cannabis company. Covid slow down has obviously hurt the business for OGI . Ontario and other major provinces are now getting licenses out faster to people so this could provide a catalyst. In addition to this the blue wave, and NYC's Cuomo's positive comments about cannabis have me willing to take a shot on this. Monthly levels of interest are marked with green lines. Falling wedge in the process of playing out I am aiming for somewhere $3+ longer term.
US Stock In Play: $TLRY (Tilray Inc)$TLRY further extended its astounding rally with a day gain of +16.99%, closing at $30.09. The total gain achieved by $TLRY for 2021 stands at +247.56%, a further upward trajectory of +70% since it was last highlighted 6 days ago.
At the current junction, substantial buying pressure remains in force with no signs of price exhaustion. Average price volatility of $TLRY have further inched to a range of 8.8%/day with continuous volatility expected on TLRY in this month of February.
Tilray Long OpportunityHere we have some important market structure levels indicated, as well as a long target. Also indicated are three identical market structure levels with matching volume profiles - albeit on different time-frames. Since I don't routinely trade stock, I'm not completely clear on when this target should be reached, but based on the point in the market cycle, I'd say things should be looking up preeetty soon.
This is purely technical and market cycle driven. I don't do fundamentals, and as far as I know, many people still see tilray as overvalued based on mcap.
obv. some accumulation takes place first.
APHAJust an update for the 3 people that used to like my ideas... Remember when we were long at $4.45, trying to add shares at $3.78?
All targets reached, and it looks like the high isn't even in yet.
Bullish news for the cannabis industry.Yesterday’s announcement of a movement towards cannabis legislation has been the best news for the industry since the listing of cannabis stocks. The THCX fund is newer and has a lower market cap then the MJ ETF, it also trades at a lower price making an attractive buy for retail investors. It’s holdings are:
APHA Aphria Inc 8.95% 603437
TLRY Tilray Inc 7.83% 333051
CGC Canopy Growth Corp 6.94% 172783
GRW. GROW GENERATION 6.44% 129468
GWPH. GW Pharmaceuticals P 6.16% 32626
VFF Village Farms Intern 5.96% 476411
CRON Cronos Group Inc 5.63% 514377
AMRS Amyris Inc 4.68% 444447
HYFM HYDROFARM 4.67% 62020
Technically speaking, yesterday surge In volume along with positive news is driving the stock higher. If we manage to have a positive close 1/4/21 this could be the start of accumulation, and a move to complete the rounded bottom and test the IPO price, here a cup and handle, or a continuation of the uptrend do to social media, new retail investors, hype, super positive outlook could form.
Holding shares
TLRY bull wedge? short term to 20+?This is a pretty great looking chart (sort of looks like a dragon!). I show a bull wedge forming with support on the bottom end from both the 50 hour and previous uptrend line. Should be good for a short term trade (i.e. next 10 days) to 20+. i'd say the trade is broken if we close meaningfully below 17.