Tilray 4000% up from here!ITS HAPPENING
Tilray 10,5 usd to 420!
Legalisation in US, South America, Europe and maybe even some parts in Asia.
Its a 100-1000 billion market worldwide.
Tilray in the number one leading international company in the cannabis game.
They already have operations in Canada, US and Europe.
Guess whos going to profit BIG TIME?
Tilray is the Tesla of weed stocks!
TLRY trade ideas
fasten your seat belts, the rocket is ready for take ofthis is not an analysis, more a very important information I want to share with you. Please keep in mind, this is not a trading advice.
As reported in several German newspapers, the future German government is planning to legalize cannabis.
Here are some articles I found (only in german, but google translate might help)
www.spiegel.de
rp-online.de
www.n-tv.de
Trade Idea: TLRY Trend ReversalTrade Idea: TLRY Calls
Major Confluences:
- 9/21/50 EMA Crossover on the Daily time frame.
- Strong break above major resistance trend line.
- Major Buying Pressure above the 9/21 EMA's. Prev. close had over 2X the avg volume.
- Stochastic overbought, will be watching for a pullback around the 12.50 price level to hold for an entry on a shorter term day trade.
Disclosure: This is not financial advice and is to be considered my own personal opinion.
Big Moves SpeculationFundamental:
1. With indication of legalization, TLRY could potentially catch up nice momentum here.
Technical:
1. Clear breakout, This might push TLRY to previous highs. I've taken entry on dump after breakout.
Note:
Currently posting only TP1
I would like to see the sector movement as it approach the target
$TLRY volume study...I like to use the VWAP and volume bars to help identify areas of support and resistance. This is something I am working on is identifying areas where a stock could blow through based on a lack of volume in the price range...let's see if we breakout if we go through fast to $13.50's. Good luck to all!