TLRY
US Stock In Play: $TLRY (Tilray Inc)$TLRY further extends its 2021 vast rally with a day gain of +22.98%, closing at $23.49. $TLRY engages in the research, cultivation, processing, and distribution of medical cannabis. The total gain achieved by $TLRY for 2021 stands at +179.64%.
The first accumulation signal of $TLRY coincides with a higher opening at premarket which broken out of its 5-weeks Symmetrical Triangle chart pattern on 16th December 2020. It was noted that substantial buying pressure kicked off the run up on 6th January 2021.
At the current junction, average price volatility of $TLRY ranged within 8%/day with continuous volatility expected on TLRY bi-directionally.
Short CGCCGC has hit the 62% retracement of the downmove. Cyclically we have also hit a turning point which indicates a high. The stock should fall to about $25 by March
SNDL LONG - Looking for a bottom, starting accumulation at .56I've been watching SNDL and some other cannabis plays, ACB, TLRY, and CGC.
I like this company as it's debt free and looking toward future growth.
Starting to accumulate at .$55 and looking at 20-30% gain from these levels in the next two weeks.
$tlry updated chart Great setup here on $tlry with a beautiful inverse head and shoulders with my .618 retracement level acting as the neckline. We also have a sneaky pitchfork drawn in here with price reacting to the median which is known to have major price action confluence.
A close below 18.05 would invalidate this setup
Other notes:
-The blue trend line is drawn from the same point as the pitchfork
-Watch MACD for a bounce or cross on the hourly time frame
[TLRY/APHA] Get in Sub-21 Before PRICE Goes Up Like SMOKE! B)-~APHA was my #1 Cannabis play going into this year based on the fundamentals and it's held up very well, still my #1 long term pick today (along with tangential Cannabis play IIPR).
That was followed by CGC and ACB with TLRY coming in at #4. Now with my #1 and and #4 plays merging and largely rounding out their strengths and weaknesses, it is an even stronger #1 by a factor of 1, maybe 2 over each CGC and ACB.
Amazingly, TLRY is still dirt cheap sitting at 3% of it's $300 peak a year ago lol.
Price is even UNDER its IPO and BELOW its Value Channel here (magenta). Seems impossible it goes under $2 now so max temporary downside is very constrained.
TLRY now the Best Value Cannabis Stock out there supplanting long reigning champ OGI, which is my #5 play overall but quite underpriced ATM relative to the market.
I'm lookin to scale in most my position before $21 and watching it float up like smoke!
TLRY Long PlayCanada's Marijuana industry has finally learned how to beat the competition.
They have very good prices and now are defeating the black market.
With the entire product line available to every vendor. They will have a great opportunity to create the SECOND green rush.
Market conditions are perfect for a very lucrative rally.
Biden announcing his 3 trillion dollar bailout will destroy DXY and rally equities and commodities.
My plan is simple. Buy TLRY at 17.88 hold until 20 and double down if there is high volume.
If TLRY pulls back to 16, I'll double down there and max loss is at 15.
As TLRY approaches 22 i'll cut half my trade to take a profit. At 23 I'll re-add and hold till 25, and sell half again. repeating this process until I reach $30 once at $30 I will re-assess.
This process is counter-intuitive as holding and subtracting share count isn't the normal strategy or conventional one however by consistently taking profits. I will protect myself against risk of taking a larger loss later if this position ends up turning around quickly.
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I will sell completely if the stock makes a lower high and a lower low standard dow theory.
If there is also an RSI Divergence I will switch my direction to sideways instead of bullish, if it creates a second lower high I will switch to shorting TLRY 2-3 months from now.
Lets see what happens.
TILRAYTilray has bottomed out i think since we saw the $5 prices, and now we appear to have had a breakout. ideally wait for a pullback maybe to the $10-$12 mark. I noticed every time Biden got closer to POTUS, that tilray and a few other cannabis stocks had bullish moves. So longer term i believe this is Value investing at its finest. I have placed the shares in my Tax free ISA and will hold till circumstance change.
TLRY breakoutSo after posting several TLRY charts with a consolidation pattern that offerred time to buy the pullback, TLRY breaks the 11.59 price level given and takes off. Currently at our 21 level, we don't think it holds and this will keep going to 38.25 at a minimum. Boxes shows price levels according to fib levels, but if a very strong wave could just keep extending. Keep your core position and trade around it. Or just dollar average the ride up. Will be a nice move.
KEEPING IT SIMPLE $SNDL POSED FOR 135% UPSIDE.Check out my previous analysis on TLRY, same idea. More legalization talks around cannabis this year with Democratic majorities in the U.S government. Potential buyout here as well.
Swing Trade: 🌿Cannabis stock on the heat! TLRY Breakout RunHi fellows, just one of my today swingtrades:
Nice setup for breakout in NASDAQ:TLRY .
Cannabis stocks are set up for nice run after Gorgia senate election.
------------------------Trade setup ---------------------------
Entry: 11,35
Stop Loss: 10.66
Profit target: 13.50
Time stop: 5 days
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Leave a comment that is helpful or encouraging. Let's master the markets together.
TLRY Bullish Trade Setup (Breakout Pattern)TLRY Breakout in progress targeting wave (5) upside target at 35-40.Look to establish a 12/22 Call Debit Spread expiring March 21’, exact trade execution details in Video Update.
HIGH TIGHT FLAG Pattern for APHA - Extremely BullishWe witnessed the impossible last week with the Democrats taking control of the Senate. Technical, fundamental and political environments are in perfect sync and there will be a cash grab by institutions very shortly for all MJ stocks.
HIGH TIGHT FLAG pattern has been detected for APHA. This is considered a rare and extremely bullish pattern (what happened to Zoom during Covid lockdown). It begins with the SP moving 100-120% in <8 weeks (1st pole), followed by no more than 25% pullback <5 weeks (flag/pennant), followed by quick retracement. Once the pole is broken, a 2nd pole is formed which moves 50-60% within the same timeframe as the 1st pole.
I noted APHA’s numbers on the chart. TP is $13 in 35 days. This pattern was also detected for CGC ($44 TP), VFF ($18 PT), TCNNF ($47 PT). If you own any of these stocks, DO NOT SELL. Institutions will be fighting over these stocks which will drive the SP through the roof.
Validation on my hypothesis needs to happen Monday/Tuesday, Jan 11/12! Volume and price movement must be massive otherwise pattern will fail. If Fed gov’t cooperates and MORE Act passes with ease, this pattern will continue to repeat.
Check out US Steel, currently forming its 2nd pole. TP $30 by end of this month.
POWERFULL PATTERNTILRAY is being bought up by institutions. Its "shameless"(hint) now. This creates strong repeatable patterns generrating great day trade opportunities with strong price channels and trading ranges.
At the same time, the whole cannabis industry has been boosted by the blue wave in the us with positive legalization outlook. The global market its huge, etc.
This gives us fuel for rapid steady movement
TIPS for TLRY:
1 With greater opportunity comes greater risk
2 if you cant read it DONT buy it.
3 When this moves its clear, on every timeframe.
4 Tight stops for day trading..trail and cutoff.
5 Always buy at support of the trading range.
6 Watchout for profit taking deep retracements (channel like)
Just a thought..
Good Luck!
APHRIA - Retesting Currently retesting.. My prediction is that we'll hover around this zone until earnings.. may even drop a little. Hopefully earnings is a beat, and if so, validation would be made and this will sky rocket. GLTALs
BEAR TREND SINCE MARCH 2018 COMING TO A CLOSEAirline sector trend reversal should take place come the end of the year. History repeats itself and we are on the verge of a trend reversal. Extremely bullish on this sector over the next quarter. Bullflag pattern repeating itself over and over on the 4HR time frame. After each extension upward, set your SL at 50% of the flag pole length to mitigate risk and enjoy the ride.
Other sectors like utilities & cruise lines all have the same charts and patterns as they are moving in sequence. Make sure to choose the better companies of each sector.
I do not hold a position in AAL. My largest holdings at the moment are BA, PCG, and TLRY. - GL
Ascending Triangle or Bullish Flag for TLRY?Tilray appears to be trading in an Ascending Triangle pattern, notice the green upward sloping line has acted as support multiple times, fairly bullish considering the now known merger with Aphria.
The blue pattern on the chart is forming a bullish flag or potentially a descending triangle.
On the KST there has been a bullish cross where I have placed the blue downward pointing finger.
The DPO & RSI both seem to have similar appearances, maybe a head and shoulders pattern will form, the next few weeks will give a better indication.
I have drawn a hypothetical red line to show how the H&S may occur on the RSI.
TLRY As expectedSo, TLRY touched the trend line, but did it complete the C wave? As long as she is below moving averages on hourly and smaller time frames, there is a chance this will extend to trend line number 2.
