2HQ trade ideas
TRLY consolidation zone....TRLY continues to consolidate before it´s next move. We remain bullish on this #potstock, along with the sector. Levels to continue watching are 6.66 on the downside. Break of that and we have 5.33 as next zone. On the upside, a strong break of 11.60 will bring us the rocket ship, a confirmation of the bullish trend and wave 3. Keep it mellow my friends.
TLRY As expectedSo, TLRY touched the trend line, but did it complete the C wave? As long as she is below moving averages on hourly and smaller time frames, there is a chance this will extend to trend line number 2.
$TLRY with a slight bearish outlook following earning releaseThe PEAD projected a slight bearish outlook for $TLRY following a negative under reaction following its earning release placing the stock in Drift D
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TLRY 92% UPSIDE HEADING INTO 20212021 Democratic government should be more talks around the widespread decriminalization of cannabis will support this stock. Trying to start a new trend higher. Long support and sell on resistance.
possible cup and handle on TilrayNo daily bearish divergences, earnings are now past with a good shakeout. Positive MJ news coming daily so that may be the "reason".
NY state still no announcement of legalization but NJ has voted for it. NY won't be made fools of by NJ folks, believe me.
Short squeezes on the Ray are usually pretty fast. Cup and handle, head and shoulders, whatever you want to call it - it has a good R/R here
Target around $20, maybe more considering the fomo this thing gets.
Good luck
TLRY Cup and HandleCup and handle forming on TLRY hourly chart. Had a clear break out of the formation and is now retesting that trend line for a continuation up.
TLRY (No) Cup & Handle?It has the shape, but the count does not seem to support it. Testing weekly MA50... Could see momentum fade.
ABC BullishLong entry 7.60
Targets 2 are longer term targets and focus on targets 1 are often best to start with..then after a possible pull back T2 occurs, you just never know..
Guessing what the market will do is an educated guess..and that is all!
Pot stocks are on the move for sure
Possible stop below C..
Not a recommendation..
Tilray - Still Has Room To RunDaily Log Chart
On 11/5, Tilray broke out of the long term down trend with very high volume which signals a trend reversal. Price made a high at $12.20 then dropped back down to the accumulation zone at $7.
Price Target - $15
TLRY: Woke up after long sleep around 7$ PS!Tilray broke 7$ resistance. It is expected to see the price 14$ before the year 2020 ends*
Air transport and therapeutic Cannabis. All are still affordableAir transport and therapeutic Cannabis. All are still affordable at these rates.
In the United States the shares of the Transportation - Airline sector have grown on average in the last month by 57%.
Stocks like:
AMERICAN AIRLINES +32.48%
BOEING CO +57.04%
CARNIVAL CORP +44.81%
EMPRESA BRASILIE DE AE-ADR +56.22%
LINHAS AER INTL-ADR +62.10%
Have done these performances since the pre-election and pre-announcement of vaccines
2020 was a terrible year, but even if it will not be easy to start again, the vaccine has arrived.
Airlines and airports are organising themselves with rapid tests to get the most important destinations off the ground.
The past turnovers will not be fully recovered in the blink of an eye, but markets are always anticipating.
Understanding this opportunity in advance and knowing how to take advantage of it has been essential.
Returning to pre covid levels could take up to two years but the markets will not wait for this, they are already taking it for granted and these investments should have been made two months ago.
However, there is still plenty of room for growth.
In the US another sector is also overperforming, with cannabis stocks up 96% in the last month.
AURORA CANNABIS INC +156.04%
CANOPY GTOWTH CORPORATION +64.45%
TILRAY INC +63.72%
VILLAGE FARMS INTERNATIONAL +117.18%
In four states, together with the ballots to decide between Trump and Biden, voters had the opportunity to vote for a referendum to open the sale of marijuana to adults.
The positive result of this referendum increased the market for legal cannabis sales in the United States by 20%.
Aurora Cannabis and Canopy Growth shares have increased between 64% and 156% in the last month.
Investors are encouraged because the success of the referendum vote has expanded the potential market for the legal sale of cannabis and has shown that marijuana is becoming more and more accepted throughout the United States and beyond.
The rise began the day after the elections.
Mexico is about to legalize marijuana.
After 50 years, cannabis is coming off the UN drugs table. The therapeutic value of the plant is recognised.
For the United Nations Organisation, cannabis is no longer a drug. After half a century, with only one discarded vote, the UN decided to remove cannabis from "Table IV", the most restrictive, which includes substances such as heroin and cocaine.
This opens up new legal markets for these American cannabis companies and supports strong and robust growth in the market.
At this point, cannabis in the US is now legal for adults in 16 states, while 36 states allow some form of access for medicinal use.
Forecasts now say that the legal marijuana market will reach 34 billion dollars by 2025, up from the previous forecast of 31 billion dollars.
Morningstar estimates that annual sales of cannabis in the United States will reach $70 billion for the adult segment and $15 billion for the medical segment.
Despite this month's big rally, shares in Aurora, and Tilray and other major cannabis companies have dropped more than 60 percent this year. So we still have plenty of room for growth.
By 2018, initial enthusiasm about the prospects for rapid sales growth and company mergers had skyrocketed cannabis shares.
Analysts expect the market for cannabis products to continue to grow over the next decade.
Government regulations are currently holding back as marijuana is illegal at the federal level.
This represents an obstacle for companies when it comes to obtaining access to banking services, for example.
But now the road has been taken in those states that have already legalized, and there is still a long way to go for growth.
Understanding this opportunity in advance and knowing how to take advantage of it was essential.
$TLRY (BULLISH)the price is exactly on the trendline and already starting to react, if my analysis is correct then the price should bounce off the trendline and go higher. If the trendline is broken then the analysis is void and we cant take this trade anymore and have to look for a different opportunity.
If you guys like my analysis please hit the like button, also share what you think.
Trade safe.
TLRY C&HNot only do I see C&H forming on the daily but theres also
-Fib retracement in buying area
-Voting coming up on 12/2 for U.N. and house possibly. One more step closer
-ACB laid off workers which brought the weed sector down, which may flock investors/traders to other pot stocks.
I acquired 12/18 calls, and will hold and possibly average down.
This could be the start of the green monster rising.
TLRY (long swing play) **Over 10 to 1 PROFIT LOSS potential**3 Long Confluences
- Confirmed 2 Higher high, higher low sequences (4hr)
- Bullish MA crossover (4hr)
- Joe Biden hype around marijuana (adding volume)
Target: We may see an attempt towards 20
$TLRY Tilray Weekly Chart Analysis- Alert Above $9.45
Points of interest on the weekly chart-
The 20ma has acted as very strong support in recent weeks & is
now rising along with the 7ma.
The 50MA and Fibonacci Golden pocket will be the main resistance
to any move higher this week @ $9.19 - $9.45.
RSI has crossed above Mid point for the first time since Jan 2019.
MACD & Histogram rising.
Bullish Weekly engulfing candle.
To open a new position possibly it is best to wait for resistance
@$9.45 to be broken.
