TLRY Amazing WedgeTLRY looks great. Perfect wedge forming. Bottom of trendline. We could see a great move up. Need some volume.
TLRY trade ideas
ABC BullishRisky one, and planning to watch this to be sure C is C. Retests do happen and are common.
No Rising wedges in yearly chart
Steep on impulse wave up, possibly parabolic move up. TLRY has pulled back almost to the .786 fib level of that impulse wave.
Steep falls often follow steep climbs )o:
Not a recommendation. Do not take anyone's word for it, good idea to research what you buy.
Next week to seeThe weekly support is helping tlry to not drop under 24, which is very nice, I think that from next week he will start growing again and go to the next resistance around 34.
Hanging man in TILRAY..!A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick
TILRAY skyrocketed 1400% in 95 trading days, make it possible for this hanging man pattern to be the Top for the trend.
If you have TILRAY, activate your exit plan.
What is interesting for me is Tilray has all the criteria for hanging man candle
IMO: Put options with risk management could be rewarding..!
TLRY with a clear long setupWith today's pullback, we now have a clear long setup. Stop at line drawn, 21.14. Target zone is PROFIT ZONE in box, between 37.07 and 39.71. Can extend.
TLRY BounceTwo alternatives. Above $35, the red alternative is likely off the table, but headed into $50, this could still be a correction.
TLRY breaking outBreaking out of falling wedge. In theory, this correction is complete, so I am proposing minute 4 done here. We need confirmation, however, but considering the degree, we'll have to wait for that. Currently about to try at S1, likely turned resistance again?
TLRY Wedge Still in playParabols tend to retrace 50%. I don't think markets can hold it back. I've been wrong before.
TLRY enters BUY ZONEAfter a huge run up, TLRY makes it's correction and enters our BUY ZONE. BUY ZONE is between 23.70 and 17.19. Hit the middle on open today and preceded to move up nicely. Might come down to our second level at 17.19 and give us a RSI and MACD divergence, but we take what the market gives us. Next move should be spectacular.
Tilray is down -70% from it's February all time highTilray (TLRY) is down -70% from it's February all time high. Tilray is a Canadian pharmaceutical and cannabis company, incorporated in the United States with primary operations headquartered in Toronto, Ontario. Tilray also has operations in Australia, New Zealand, Germany, Portugal, and Latin America. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
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best large cap ganja stockwait for legalization on the federal level, it will happen within 4 years at most
Add to TLRY position- divergenceNice opportunity to further add to our TLRY position with this MACDH divergence on the 1 hr chart.
We can keep a fairly wide stop on this one and hold for the short to medium term up to 60's or longer up 50% to all time highs around 150.
This has been a lovely pullback on this great cannabis stock and we still have merger talk doing the rounds.
TLRY Long to 100TLRY stock pulling back after a huge run up. It is now back over the important 23 level and being supported at the 20 DMA. If this stock takes out the short term highs it just created this month, it will explode upward.
Current Price: 29.21
Target: 100
Stop Loss: 23.00
TLRY Ranging After All?Looks like we're ranging after all... Looks fragile, but oversold at the same time. Yet, indicators are useless for at time, after a spike, as it distorts the averages that are used to calculate them. Bears are looking for $15. This is the year of cannabis though. Caution!
