2HQ trade ideas
TLRY LOOKING LIKE ITS BOTTOMING / Similar to BTC bottom Hello traders, during my trading experience I have seen many securities bottom. When a security is depressed and it forms a bottom formation the formation is very similar to a fractal making a triangle. While making a triangle it tends to be very extreme -frequently breaking highs and getting back to lows- hence creating a fractal with large swings. I have been eyeing TLRYs chart for a few months and can see a bottom very similar to BTCs bottom a few months ago. I can see Cannabis fundamentals catching up aswell. While we are in a middle of a pandemic, Cannabis stocks fundamentals not only have been not affected but many cannabis companies have experienced a growth of revenue precisely this is true with Tilray. While these companies have trouble with managing their debts and expenses they have been growing at a fast pace. It can be a good idea to allocate a small percentage for speculation. Personally, I have been buying LEAP options on TLRY expiring in 2022. With more countries legalizing we can see these stocks getting back on track with better fundamentals and a fuel driven by hype. While the broad market is at a critical point its safer to invest in a couple weeks. If you believe the market is going to recover then these growth stocks will most likely outperform blue chips.
$TLRY - Do not break the bold line (Very risky)RSI getting lower toward oversold area.
MACD is not looking good.
Not for a suggestion.
TILRAY $TLRY "Swing up"It found support at both 50SMA and trendline. It is time to swing up. It just need more volume to be attractive.
12 months Consensus Price Target: $17.88
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$tlry Tilray Finds support
Lets hope the recent selling has come to a end as the stock finds support on the POC.
The 7MA may act as a good upside target
$HEXO is losing its spot on the S&P/TSX Index....Help or Hurt??HEXO road the 50MA all day today
Just crossed the 9MA and about to
cross the 20MA...does this mean
we are about to see a breakout??
What we can say is that the rest of the
MJ Stock Index is also in the same START
position!
Is this a "CALL" to action??
Can MJ CGC CRON APHA ACB TLRY VFF June 15 2020Watching how much followthrough the current bounce can get in order to determine the probability of forming a higher low on the next consolidation vs the probability of rolling over into lower lows and deeper weekly consolidation.
Bullish ascending triangleHello traders, we can see that TLRY is testing the lower channel of the ascending triangle. While the recent news on executives being sued and market dropping had led to this recent drop; I believe TLRY will be able to handle these chain of events. With earnings season around the corner and record pot sales. My outlook is bullish.
Don't Know If I Should Buy Calls, Or Puts LOLI think this still looks bullish, but I just don't know. There are no real indicators showing me that this has another spike. I am watching this one next week.
$TLRYThis reminds me of a young Da Vinci with the art chat; simple, geometrical, scientific.
Strong volume held resistance, forming a Bearish Pennant, broke underneath previous support and closed.
expect continuation, like science, it'll always continue.
"RIP to Da ones that did it first." - Vinci
TLRY - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
This would be a great Buy Opportunity, IF NASDAQ:TLRY breaks up the Resistance at $9.88 !!
$HEXO Earnings are very POSITIVE!Do you see what we see?
Trends are trends...
But Flags are Golden....
Now which way??
Revenues up 30%
Gross margins at 40% (which is excellent)
Operating Expenses DOWN
Expanded Partnership with Molson Coors to
explore US CBD in CO.....
All we can say is that when Revenues go up 30%
from Quarter to Quarter...
ya that is a positive for this stock!
Very interestingAt a minimum to study, it's respecting the 30min descending triangle will it bouce around $9.65ish or blow through down further...
