TILRAY is also following the cannabis rally, even though the fundamentals aren`t there: 891.954M MARKET CAP and Net Income (FY) -321.169M. :) So be careful with this one. It`s not life VFF (by the way, a great stock). Tilray engages in the research, cultivation, production, and distribution of medical cannabis and cannabinoids. If you are interested to test some...
TLRY shoots up on election results, then gets a positive earnings report (they made money instead of losing!). As per our pattern, it is holding. Our wave 3 extended to 12.14 and now looks like it's in its wave 4, opportunity to add. 7.11 invalidates the pattern, so eyes on that level. Also looking for RSI to curl up and respect our line.
Did a trend based fib extension off recent Low to high back down to low. Analysis points to the following for me: 1) TP for fib ex is 1.618 = $9.15 2) Gap fill exceeds $9.50 3) strong resistance marked off in green at $8.34
This looks like an absolute buy to me. First glance of Higher highs and Higher lows since 2019 id say this is about to make its turn about
Another nice cup and handle depth is 6.09 so rough exit target 14.5
BUY TILRAY Option expire date in march-june ENTRY 1 18.60 ENTRY 2 17.80 ENTRY 3 16.68 SL 8.00 TP.1 23 TP.2 35 TP.3 48 TP.4 68 TP.5 76 TP.6 96 TP.7 123 TP.8 154