Looking for further drops on Tilray. TLRYIt was a good run, but now oh it's over now....
Zig zags are happening now. C Wave inbound we believe and we are going down.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
TLRY
$TLRY 1h tf UPDATE: July 15 onwardsreminders:
1. do not enter without the confirmation.
2. set your stop loss if entering with leverages
3. set your conservative TP
Disclaimer:
a negative catalyst can change a bullish trend
Trade at your own risk
candles may not follow the lines exactly, but it can follow the movement as specified.
NEW POSITION $TLRY Target 22.73 for 19.44% $TLRY Target 22.73 for 19.44%
Or next add level is at 15.33
I really do like swinging TLRY. Always great!!
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
$TLRY 1h tf UPDATE: retest to breakout? or a retest to fakeout?reminders:
1. do not enter without the confirmation.
2. set your stop loss if entering with leverages
3. set your conservative TP
Disclaimer:
a negative catalyst can change a bullish trend
Trade at your own risk
candles may not follow the lines exactly, but it may follow the movement as specified.
Bullish Setup on TLRY, we are ready to get high.Today we have a bullish setup on TLRY to share with you. We will be taking this setup using 1% of our capital, and we aim to make 4% on this setup. Of course, we can have a bad trip on this one... However, the risk-reward ratio is a key aspect of our strategy. Generally speaking, we have a win rate of 50% and an average risk-reward ratio of 2 (all you need to make money in the long term)
Let's start with the view:
-The price has been trending lower since February 2021. Now we are observing a possible change in trend, and we want to take advantage of this probable situation.
-As you can see on the chart from May, we have been observing a sequence of higher highs, and higher lows + the price broke a key resistance zone (currently, we are observing a retest of that)
-Based on all the previous items, we have defined but stop orders on the breakout of the current correction and stop orders below the structure. The target we will be aiming at is 29.5 with a protective level at 24.00 (there we will move our stop loss to break-even)
If the price doesn't execute our setup and keeps going lower, we will cancel the setup. And if the price reaches our entry-level and our stop loss is executed. That's trading; we will face a -1% loss.
Thanks for reading!
Why TLRY Price Action Yesterday Made Me Buy MoreYesterday may have been a more nerve racking time with TLRY after expecting a huge run up for most people, as we expected TLRY to moon.
Here is an explanation for the movement from yesterday.
Starting out with the first 15 min of the day, we hit our first target of 22.05 which was a big resistance level according to the volume profile.
After fighting to continue upward, TLRY responds with heading down to 19.10 to fill the gap from premarket.
This movement from TLRY then caused somewhat of a panic to its holders due to a three-point drop, which ended with forming a flag until after hours.
This is the best set up we could have gotten for continuation.
Relative Volume was up 3.60.. 84 mil volume yesterday, 25 mil volume on average.
We have filled the gap with volume coming in. The ideal play for today is to shoot past the 22 resistance level and head for the next target at 24.42
Hold strong and have patience!
TARGET HIT $TLRY @ 21.97 for 26.19% Profit in 33 daysTARGET HIT $TLRY @ 21.97 for 26.19% Profit in 33 days
This one hit in pre-market today but I couldn't publish the chart because I guess I published 10 in the past 24 hours. So I had to update in aftermarket hours. Took profit at target @ 21.97 🥳
I love this stock and I'll be back when it hits the Lower BBand on the 4 hour.
Short Activity Report - GreenI am bullish on this poppy and happy to see no short in sight at this price.
SO ...
Green - Happy sailing no short activity
Yellow - Some mixed activity still shorted
Red - Critical shorts that will be followed by a flash
RED FLAGs ... I will explain as they occur
Just a thought
TLRY :/wimpy play here, but pointing out the obvious compression after the exponential run up.
We tagged the long term trendline and are bouncing in a corrective ABC structure.
2 potential target zones identified depending on the size of this bounce.
Using other SPACs, Us major indices, and DXY as a proxy for this play, I actually favor the higher targets near $19.
Ultimately I think this compression breaks down, either using the top of the gap or filling the gap as a bounce zone at $10 before continuing higher.
More often than not you actually break out of triangle compression, but sometimes you pierce through the bottom, as I am anticipating
Tilray to $30 -- getting highThis is strictly a technical analysis of Tilray and nothing more -- their financials are garbage and the stock is currently overpriced, but what isn't...
I think RSI is in a good spot on the daily to really run up. Price has been rising along with volume, confirming the market's interest in taking Tilray to higher prices.
First target is $22, and then second target would be $30. I am foreseeing a larger harmonic structure forming here with price rising to $30, which coincides with the .5 fib.
This is not the optimal place to enter this trade, but if you have the kahunas on you, then by all means go ahead and long here.
$TLRY Target 21.97 for 26.19% $TLRY Target 21.97 for 26.19%
Or next add level is at 12.65
Oh snap... cannabis stocks are on the move today...
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.