TLRY breakoutSo after posting several TLRY charts with a consolidation pattern that offerred time to buy the pullback, TLRY breaks the 11.59 price level given and takes off. Currently at our 21 level, we don't think it holds and this will keep going to 38.25 at a minimum. Boxes shows price levels according to fib levels, but if a very strong wave could just keep extending. Keep your core position and trade around it. Or just dollar average the ride up. Will be a nice move.
TLRY trade ideas
Swing Trade: 🌿Cannabis stock on the heat! TLRY Breakout RunHi fellows, just one of my today swingtrades:
Nice setup for breakout in NASDAQ:TLRY .
Cannabis stocks are set up for nice run after Gorgia senate election.
------------------------Trade setup ---------------------------
Entry: 11,35
Stop Loss: 10.66
Profit target: 13.50
Time stop: 5 days
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Leave a comment that is helpful or encouraging. Let's master the markets together.
Great Trend Action HerePlaying this stock pretty long this year. Medicinal Mari. is only growing larger into the main stream and reliable growers will be rewarded when it really reaches peak levels within the next 4-8 years. This is a huge long play and Im looking for a price target above $40 this year.
$TLRY Tilray Channel Trade , Pre APHA earnings.
Tilray approaching a really pivotal level.
$13.58 is a Fibonacci extension
$14.36 Is the November high. as well as Fib expansion .
The top of this very well respected channel is also
likely to get hit in the coming days.
APHA earnings are pre market Thursday, it will be interesting
to see tomorrow if investors sell or position themselves for the event.
I will attach the longer term chart.
POWERFULL PATTERNTILRAY is being bought up by institutions. Its "shameless"(hint) now. This creates strong repeatable patterns generrating great day trade opportunities with strong price channels and trading ranges.
At the same time, the whole cannabis industry has been boosted by the blue wave in the us with positive legalization outlook. The global market its huge, etc.
This gives us fuel for rapid steady movement
TIPS for TLRY:
1 With greater opportunity comes greater risk
2 if you cant read it DONT buy it.
3 When this moves its clear, on every timeframe.
4 Tight stops for day trading..trail and cutoff.
5 Always buy at support of the trading range.
6 Watchout for profit taking deep retracements (channel like)
Just a thought..
Good Luck!
Ascending Triangle or Bullish Flag for TLRY?Tilray appears to be trading in an Ascending Triangle pattern, notice the green upward sloping line has acted as support multiple times, fairly bullish considering the now known merger with Aphria.
The blue pattern on the chart is forming a bullish flag or potentially a descending triangle.
On the KST there has been a bullish cross where I have placed the blue downward pointing finger.
The DPO & RSI both seem to have similar appearances, maybe a head and shoulders pattern will form, the next few weeks will give a better indication.
I have drawn a hypothetical red line to show how the H&S may occur on the RSI.