Tilray nearing full retracement - daily MACD - CCI watch Tilray is currently $71.74/share and falling in this weeks sell off and good chance to drop near full retracement to $65-66 range. Great time to buy half and have standing order 8% below this for full retracement, or just wait.
$65.50 target with MACD cross-over on 12/26 and CCI about to cross positive.
TLRY
$TLRY Possible Bullish Spinning Top - LEAP Options Activity$TLRY Possible bullish spinning top candle today (LOD exactly $70.00 support level), will look for confirmation with green candle tomorrow. Positive sign - selling has been decelerating over last two days. See chart for near and medium term targets.
Also of note - some bullish unusual LEAP options activity today with about 3k 2021 (two years out) calls at three different strike prices (majority OTM) traded with very high per contract premiums for a total combined outlay of over $5M.
Note: Informational analysis, not investment advice.
TLRY: The secular bull market potential of potIn bear markets when volatility is high, so many stocks tend to have a correlation of 1 to the S&P 500 making it very hard to find stocks bucking the trend. Frequently, the only place to find secular bull markets in these environments are in penny stocks or biotech stocks that are in the midst of creating something new and marketable.
With the advent of new legislation sweeping North America to legalize pot, an entirely new sector has emerged: marijuana stocks. TLRY, which IPOed this summer was subject to an insane first few months as it rocketed from $17 to $300 in 2 months. Pot bulls cheered the ability to invest in this untapped industry (at least legally) while bears suggested that these companies have high costs, no earnings, only potential, and were way overvalued. I actually agree with both camps on this one.
My ambivalence aside, that doesn't stop me from wanting to buy a stock that has broken a downtrending channel on good news and that is exactly what TLRY did on Friday. Illustrated in the chart above, TLRY has broken a 3 month long channel on the back of news that Privateer Holdings (Peter Thiel's fund) would not be selling any shares when its lock-up period on 76 million IPO shares expires on Tuesday of this week. I believe many investors and short-sellers were targeting this lock-up period as a time of turmoil for the stock. It seems with this announcement that the bears have been stymied.
I believe this is good enough news (both technically and fundamentally) to buy TLRY with the following parameters:
Buy TLRY under $100 ($96 as of Friday's close)
Target 1: $114
Target 2: $140
Stop: $83
This stock trades quickly. I would recommend using a trailing stop as well.
TILRAY INC - TLRY - technical analysis outlook - EQUITY TRADINGTicker: TLRY
LAST= 96.00
TILRAY INC movement during the last few days showed a Bullish move, with a recent high price seen on Fri 11.Jan.2019 at 103.69.
During the next few days the price is expected to go up for 96.70 and then to 103.60 .
The Short-Term view is expected to continue to be between 98.88 - 85.58, and it's recommended to ' wait for a more solid signal ' and the general trend needs to be considered when the price trades either above the level 98.88 or below 85.58
Res_2 = 103.00
Res_1 = 99.05
Sup_1 = 95.10
Sup_2 = 91.15
TILRAY INC. (TLRY) LONG (D) by RequestThis stock is looking bullish both on the daily and weekly time frames.
We have a high volume breakout above EMA10, EMA50 and EMA100, right after a breakdown which followed a strong bounce. This is a very strong signal.
MACD is in favor of the bulls now.
RSI is bullish trending up strong, reaching soon oversold but allowing room for growth.
The yellow square is the demand zone. Below it we are bearish. A close below this line would invalite this analysis.
Feel free to use this information to your advantage and hit LIKE if you enjoyed it.
P.S. This is no trade advice. All information shared is exclusive for learning and entertainment puroses only.
Namaste.
$weed looking for pull back on daily chart , RSI OB, Fib level$weed looking for pull back on daily chart , RSI OB, Fib level closed right around .382 level or $50.80. Looking for consolidation and higher low, volume is not bullish and $spy is hitting resistance at $259. Tech Earnings next will set market direction. *own canopy shares, $nbev calls and bought $pyx feb calls friday. Shortdata.ca for short interest information. Good luck, happy trading!
TLRY Tilray Bullish Signal- CANNABIS STOCK IG: @BULLRINGANALYSIS
Tlry is a very interesting pick here. Early stages of company growth but, descending triangle pattern is meeting major resistance level. Bullish signal from this pick, but could be interesting to see what happens at this intersection point. RSI is also in interesting position for growth as well.
not financial advice
Capitulation phase initiated for Tilray!Tilray has broken downwards and today may mark the start of capitulation. The definition of a financial bubble argues that capitulation will lead to the return to mean trend line for the underlying commodity. In this case, a price target of around $45 is the target for the end of the year. However, Tilray is extremely oversold so it's not out of the ordinary to see some hiccups on the way down.
Cronos relative potentialCronos market cap. 1.2B vs Canopy Growth market cap. 7.8B and Tilray market cap. 8.4B
Has relative potential to grow in comparison with Canopy Growth and Tilray.
Long term idea without predefined stop loss and target profit.
Disclaimer: not investment advice, not qualified licensed investment advisor, author may have positions in mentioned assets.
$HIPH CEO Ryan to Attend MJBizCon Announces Wholesale RolloutAmerican Premium Water Corporation (OTC PINK: HIPH) is outlining its national sales strategy in advance of the 2018 Marijuana Business Conference & Expo in Las Vegas, NV (MJBIZ) which will be attended by CEO and Interim Chairman Ryan Fishoff.
The Company has identified four geographic markets that it will be focusing its efforts to expand its wholesale brick and mortar strategy; the New York City metropolitan area, the Los Angeles metropolitan area, the Las Vegas metropolitan area, and the Miami/South Florida metropolitan area. These four markets will be the core of a nationwide rollout strategy that will commence at MJBIZ, where Mr. Fishoff will be attending and meeting with distributors and wholesalers.
finance.yahoo.com