Can we hold support?Can we hold the support ?
Or can we make a higher high to break the downtrend? Lets wait for a breakout!
2HQ trade ideas
TLRY: A Solid CandidateGood morning everyone! Every Thursday morning we highlight our favorite trade setup of the week. This week, we will be taking a look at a flush setup in $TLRY.
Sorry for the lack of posts here and on SeekingAlpha recently, a few of us are out of the office in Okemo, VT taking some vacation. We will be back to regular posting next Monday.
This setup is simply too good to miss, though.
Tilray is well known in the trading community as a small scale non-U.S. based cannabis grower, but the company has been rapidly changing over the last year. It has been securing contracts with multiple countries, including the EU and others, and has recently entered the U.S. market (the one that matters) through an investment in MedMen, that gives it the majority holding via convertible notes and warrants. It also recently closed a merger with APHA, which solidifies it as one of the most important weed stocks around.
In other words, the company is making the right moves, and is set up to outperform long term in the event of positive legal weed outcomes in the U.S. and internationally.
However, the stock has been weak recently, down 81% from it's short squeeze high this January, dripping almost every day. It has recently found support around 12.50, which is an important support for the share price, but remains weak overall.
We are expecting a flush below 12.50, which should produce an attractive entry point into this stock for the longer term. The valuation isn't even that stretched anymore either, trading at 6.6x TTM sales (less than AAPL), and with a huge potential growth opportunity.
Because the stock is so volatile, it's a great candidate for a put selling opportunity. If it ends up happening, we expect that the stock will flush to around ~$10, where we would like to sell puts at $9 or $8. This would give us an extremely attractive entry point to this growing company and market, at a lower price than you're getting for the megacaps which operate in TAM constricted, peak growth environments. Plus, the yield earned we estimate would be around 80% annualized, which seems highly attractive. Nothing like a combination of Margin of safety and high volatility to make for the perfect setup!
Cheers
TLRY Looking For A Drop To $9.36 For A LT Position TLRY looking for a drop to 9.36 and a long term hold on this top tier weed name - Do your own DD Not advice
Long TLRYNASDAQ:TLRY
Long on Tilray, federal legalization is looming and the arguably largest canadian player has a foot in the US door. Coupled with the fact that were in an absolutely tremendous long term support zone, nearing the end of a beautiful wedge. Lookout below $12.35. I'm long Leaps but this is not financial advice, please trade at your own risk.
Tlry sideways to down this week Long term tilray holder. I think near term will be sideways to lower. This stock moves on news. If you look at the most recent jumps it’s been news. Especially the last few weeks there is no buying interest. The last few days have long upward wicks. Bulls can’t get it out of the slump. The nice technical edge is there but I don’t think unless there is some strong news we aren’t going up.
Sideways to slightly down this week.
Tilray found a bottomI think we found our last impulse down to $12-$14. Bought under $14 for larger long term upside. Next levels to test would be $22-25 (green box).
TLRY - I AM INTERESTED NOWJumping on the weed wagon here. Using monthly logscale, I like the setup of the chart here and if triangle can hold, looking for something in the 30's.
#TLRY
TLRY Massive WedgeKeep an eye out on this massive wedge. Draw the lines, set an alert for a break of the upper trendline at $14. There's going to be a huge move coming on this chart. Invalidated on a daily close below $12.45
TILRAY - TLRY - BullishI was contacted by a concerned investor, here's some reassurance.
I've been interested in the booming Cannabis industry within the US & Canada - It's only a matter of time before more countries start to realise the medicinal properties of this.
Previous Close 12.83
Open 12.93
Bid 13.08 x 1300
Ask 13.09 x 1400
Day's Range 12.80 - 13.17
52 Week Range 4.41 - 67.00
Volume 7,612,316
Avg. Volume 24,820,344
Market Cap 5.903B
EPS (TTM) -1.36
Earnings Date Nov 08, 2021 - Nov 12, 2021
1y Target Est 17.60+
Holders
4.68% of Shares Held by All Insider
12.48% of Shares Held by Institutions
13.09% of Float Held by Institutions
401 Number of Institutions Holding Shares
NASDAQ:TLRY
TSX:TLRY
CAPITALCOM:TLRY
FTX:TLRYUSD
SIX:2HQ
NEO:TLRY
SWB:2HQ
XETR:2HQ
FWB:2HQ
MUN:2HQ
HAM:2HQ
HAN:2HQ
BER:2HQ
FTX:TLRY0924
NASDAQ:NDAQ
OANDA:NAS100USD
CURRENCYCOM:US100
TLRY. old ceiling new floor first, then higher.price will almost definitely attempt to go lower. If it fails to do so, there could be a big buyer surge.
This is insanely bullish...I wish I had more money to invest.....This is the point many lines are gonna reach to each other.
$TLRY Bull Wedge and Some Targets$TLRY has a well-formed bullish wedge. There are two targets based on this structure.
TILRAY SHORT TERM OPPORTUNITY 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.
Second asset of the cannabis sector analyzed. Bullish divergence on the daily timeframe flanked by a double top that heralds a probable bullish bottom. Target price $ 17 - $ 21. Take into account the riskiness of the sector when managing this asset. Plenty of room for maneuver for various investment strategies.
TLRY wants to get highWent long 100 shares $14.3 first target $18.5 with continuation to AVWAP at $23.3
Just an idea a breakout below the wedge invalidates idea..
Breakout above it's time to get high : P
Tilray in trouble short termWe are going to test 10.4-10.6 before breaking the downtrend channel. Earning could potentially give this stock a much needed "rebound".
Weeds on fire..!I would like to review my post on August 15:
Tough week ahead for Cannabis Stocks!
You judge the accuracy rate!
ADDED to $TLRY NEW Target 27.00 for 86.46%$TLRY Target 27.00 for 86.46%
Ok so I added here today to my underlying position.
I also played some options that expire tomorrow and I closed the call side out with a 50% gain even, and the put side with 38%… so I think I’m figuring this whole options thing out. Added to my position with my wins… 💃🏻
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
TLRY🌿: Make Me Have Beautiful Dreams With Money🌿😂$TLRY lately it's one of the largest companies in the cannabis industry. The merger with Aphria another competitor positioned this company in a better position in the market. Before two months this stock was also added to SNB's (Swiss National Bank) investment portfolio.
On 28-July-21 they also reported very good earnings . The results were the first from Tilray since it merged with rival Aphria in May and it resulted in very positive.
Buy @$13.80
Targets:
$15.37 or 11.38%
$16.85 or 22.10%
Thank you and Good Luck!
TILRAY WILL BECOME THE TESLA OF (MEDICAL) CANNABISDon't know about the rest of the cannabis stocks (and I don't care to be honest) but what I know is that since Tilray made a spring on 27 JUL 2021 at $12.54 and successfully retested same with a higher low today / 17 AUG 2021 at $12.78 ---shaking the remaining weak hands off the stock and trapping all the wannabe (short) traders who are spreading FUD while talking about the apocalypse (lol) --- then TILRAY will bounce hard from here GAP UP tmrw / 18AUG 2021 so to return back to her trading range and the 0.5 Fibonacci at $151 will not stop it in the near future!
TLRY - Looking for a rise to $17Rough W formation retraced back to support but still higher than the second bottom of W. Looking for a bounce up to $17 before seeing another retrace.
