$TLRY Kamala Harris Pumps the Pot Stocks
The stock finished just below the 50MA and descending channel trendline, a break above this level
opens up the possibility of a rally to the 100ma. There is multiple horizontal levels to consider
on that journey. The pot stocks need a blue wave and the chances of that are improving.
2HQ trade ideas
Shorter term TLRY pathTLRY doing what it has to do...here's an updated path shorter term to what we should be looking for if it is going to blast off. On the look to moves to the 1.0 fib extension (around 5.55)....if it gets there and fails, sign of a corrective move. Above it to the first box, good news.
TLRY taking off?TLRY presenting an excellent risk/reward trade...With support at $4.41 that is near the 78.6% retrace, I'm looking for it to go to 11.56 before a retrace, then break 21.05 convincingly and go to 38.25 at a minimum. After, retrace to around 21.05 to finally go to a minimum of 38.25. Has potential to spike towards 70+ if it holds this bullish pattern.
remember Tilray? Looking good for a major bounce with daily bullish divs and corrective structure (looks complete). I still watch this sector because it attracts retail traders especially.
The entire MJ space looks about ready to get attention again, probably having to do with what some politicians will say regarding legalization.
Having said that, this is a bounce play. I don't think it will hold the gains. Please make sure you use stops in case this analysis is incorrect.
good luck
$TLRY Tilray Trying to Bottom. Tilrays 4 month channel may be showing some some signs of reversing.
-The Price is currently at the Fibonacci Golden pocket.
- RSI bounced off previous lows
- Bullish Divergence on MACD
- Stochastic crossing
- 7MA now support
- Alert set for move above the 20ma.
Bulls will be hoping the channel breaks to the upside sometime soon as the election draws closer
$TLRY Tilray Ready to Rally or Dump ?
Tilray is on its last line of support, Fridays session seen a dip below the The Fibonacci Golden Pocket
and the Volume shelf. Below this level is surely capitulation.
Mid Channel is acting as support.
Traders should now be ready for a huge reversal or a huge dump.
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