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TILRAY BRANDS INC

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2HQ trade ideas

Tilray Given Up All Gains, Time to BuyThe potential for huge growth in cannabis companies is obvious. The spike we have seen in the past week has retraced almost all the way back to where it started, this offers a great chance to re-enter longs. The spike may have been caused by the Reddit craze nonsense which explains the big dump as well but this is still a good trade/investment. I would like to see the price stabilise in the current area and confirm that the support here will hold as it has been very volatile. If it does hold here and show that it will rise then the previous high is a good target, around $64. If it breaks this resistance then a target of $115 can be next, this is 0.382 Fibonacci retracement from the all time high to the low. If you are looking at this as an investment there is no telling how high it could go.
NASDAQ:TLRYLong
by olly48
2
TLRY The Move Has Only Just Started.First of all, what a great week this was! We have worked hard to chart and track the moves, ever since the $APHA reverse merger was announced, and anticipated upside. It was phenomenal, the way the waves just kept extending. It was surprisingly easy as well. Any trading mistake we made, was forgiven and rewarded with a higher high, all the way until we saw that hourly reversal candle. Let us remember the above for the next time we are in an explosive move, so that we can remind ourselves with more confidence, that it is time to lock in profits. I have been trying my best to keep up with the counts of the sub waves of this spike. The day before it plunged, I noticed that I had ran out of labels to keep marking any potential further extensions. I am wondering if this is a coincidence, and made a note for future reference. Where are we now? It is hard to keep track of several degrees all at once, but I have made a careful assessment of intermediate degree and its subdivisions. Intermediate 1, I have aligned with the broader industry, and intermediate 2, I have more or less assumed, based on where it bottomed. The chart here, shows intermediate 3 and its subdivisions. Notably, intermediate 3 hasn't topped yet. What is that spike? The spike is clearly a third wave, but its subdivisions tell me that the short squeeze happened during subminuette 5 of minuette 5 of minute 3. This suggests that we are currently looking at minute 4, and that minor 3 and intermediate 3 are not yet done. That makes sense to me, if you zoom out even further. This is a recovery rally, and ultimately, all strong LP's should make a higher high this year (or next). Also $TLRY. What is next? First, lets have a look at the daily chart: We have a reversal candle at the top, a steep drop, and we closed the week with another reversal candle. If we look at the 4 hour chart, you see that the circled setups are each others inverse: To me, these two charts signal a potential bottom and we should be looking for a bounce. How much of a bounce depends on next week's (bull) volume. What to expect next week? We should expect a minute wave 4. The first minute correction, minute 2, was a flat. The Guideline of Alternation says we'll get anything but a flat this time. We can choose between a zigzag, a triangle, a double three or a triple three. We've just completed a zigzag down, so theoretically, she could break out again, right here. But considering the volume, I anticipate buyers to rotate to another industry, and leaving cannabis alone for 3 to 6 weeks. We need to keep an eye on signs of strength, and take it one day at a time. Studying spikes during a bull market, there is usually a period of sideways ranging, before choosing direction. Just a thought Usually, when assets spike like this, investors need time to digest the move. Indeed we could make another spike next week, but it wouldn't be reasonable not to assume that a base will form first, before continuing on a more sustainable rally upward. There is a reason to assume that most investors are still terrified because of what happened in 2018. That was a bear market. We need to learn now, that bull markets see larger moves upward, and smaller moves down. The larger trend is up, back then, the larger trend was down. $TLRY has a small float, and with $APHA, they are a world wide play with an entry into the US, with Simon's drinks play. Make no mistake. There is a lot of word that drinks are the way to go. Study Sweetwater. These guys are THE play, but the merger has to complete. If it does, then there is no telling where Primary wave 3 will end. That is the intra year wave we are riding. Send me some coin? Did you guys know that Tradingview has its own currency now? I've just used another 2 hours to make this post. How many of my posts have you enjoyed? Have you earned from my posts? Would you like me to continue posting? How many hours do I put in sharing my thoughts? Do I have to, for me? Think about it. These are designed for you to reward content creators for their efforts. If you donate me some, I can use that coin on my plan or realtime data, and it is a great way for you to give something bank. I mean back. Send me $1 worth, and you'll make my day :-)
NASDAQ:TLRY
by Barkworth
17
Successful trading is about managing risk, not avoiding it. Hello All, This is the first idea I am publishing in Tradingview and I decided to select the topic of risk management, specially after the dramatic increase and subsequent decrease on prices which we have seen in TLRY and other weed stocks this week, all mostly happening in 48 hours. If you just started trading and got involved on weed stocks, you probably been though a very painful experience because a lot of your precious money is probably gone. As trading becomes more and more popular, many new people join the market but without understanding the very basics of it and without considering risk management. If you are one of those new joiners, I strongly advise you to improve your knowledge about risk management. here some basic rules: 1. Set a stop-loss! 2. Position size = (risk*budget) How much money you invest. 3. Entry point : When to buy 4. Exist point: When to sell. To put it very simply, never buy a stock because it has gone up or sell one because it has gone down! I think the case of TLRY is a classic example of this. So, what I described here here is just very basic. You should and must educate yourself about risk management, otherwise trust me you will regret your experience as trader. PS: If you are new to this, I recommend you to read a very old but classic book about investment called "The intelligent investor" by Benjamin Graham. Let me be very clear that trading is not the same than investing. Which are you. really? Have a good weekend!
NASDAQ:TLRYEducation
by Jamie85
WEED - euphoric rally spike.Hi, This is what happened after the last euphoric rally in tilray. I was just learning to trade, and was hyper optimistic on the weed sector with recent state level legalizations sure to drive the market. I rode tilray down way too many slow slides as I learned the market cycles. This peak will be no different. Im excited to see how closely it tracks the previous pattern, and when it breaks out, which way it goes! Hopefully up! Be careful trading in the high risk parts of the market cycle... better to be patient for when the surf is up than to loose all your credits swimming around in the chop. :) Good Luck!
NASDAQ:TLRY
by DHLawrence
3
$TLRY : Yes, I stepped over a rattlesnake buying it @$44-32.7 :(This is my approach after today´s $TLRY sell off or should I say, tsunami? I projected a possible long term trendline from before the "pump" and it took me to... about current price. I also see a possible channel following "more or less" such trend, and it takes me to exactly the current place, in a $31-37 "ish" zone. Presently clueless as to where it is headed, just describing the present situation. Comments welcome and encouraged. And yes, I bought several times today, under the wrong idea that 20,30% falling was enough. No, it was NOT enough. I made several purchases between $44 and 32.75, ending up with a $39.54 average cost per share. Not proud about it. Go ahead. Tell me.
NASDAQ:TLRY
by Ivanbole71
6