TLRY not done correctingSee if I can predict it agian. Last call was off 1$, not bad eyy..
Im loading up on 13 if and when we get there. Im in SQQQ's since yesterday btw. =)
TLRY trade ideas
Big Potential for TILRAY DailyHey traders, TILRAY is in a bullish push with strong buying volume issued with an upside down hammer candle shape. The TIMEFRAME M1 one sees a marubozu with a weak explosion of sale executed, it goes towards the lowest of the bollinger. Which corresponds to the beginning of the bullish breakout gap to swallow, TILRAY will re-test the bollinger points. Then go to the VWAP to test it, it will break and come to the top of the balance zone for a re-check.
Strong possibility of breaking out the price with the momentum then then the zone to interfere in the new one and to get on the high which follows. With an adjustment before the breakout (on the MULTI TIMEFRAME H4 and H1), not enough buying power to test the middle of the intermediate median of ANDREWS PITCHFORK.
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$tlry updated chart Great setup here on $tlry with a beautiful inverse head and shoulders with my .618 retracement level acting as the neckline. We also have a sneaky pitchfork drawn in here with price reacting to the median which is known to have major price action confluence.
A close below 18.05 would invalidate this setup
Other notes:
-The blue trend line is drawn from the same point as the pitchfork
-Watch MACD for a bounce or cross on the hourly time frame
TLRY Potential Flag?Hour/Minute Chart showing a Parallel Channel down at the moment.
Pre-market is crazily green today.
Plan: Buy a lower channel line instead of waiting for pattern to break
TLRY, Flag Breakout Protentional Flag Breakout. resistance sends for a retest. momentum picks up. target of $33 ( weekly resistance) with a slowdown at $30 (phycological and weekly VPVR level).
TLRY: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 9
200MA ascending
250RSI above 50
If confirmed:
PT = 33.90$
TLRY Ready for a Wave 5 ?Been sitting on this chart for a bit, just started elliot wave, so i didnt know if it was good or bad. So far so good ?
TLRY falling wedge into trend support! After making a low of 17.07, TLRY recovered nicely all while holding the .382 retracement level
Minor Resistance: 19.38-19.52
Major Resistance: All time high of 22.52
Stop loss: On a break of the trendline on the hourly time frame I will exit this trade
I am looking to enter at open if price can hold the 9 day ema on the 5 and 3 minute time frames
Other notes: With overhead supply and a nice AVWAP from all time high, I expect very strong upward price movement if we can get above that level and hold.
The MACD is curling up and seller pressure is dying off!
TLRY - finding bottom? Short squeeze time?$TLRY ready for another leg up?
Falling wedge break out?
41.69% short float
TLRY over 18.23TLRY is forming a bullish descending wedge under yearly resistance, majorly bullish. Entry based on hourly resistance.
$tlry breakout on the R4 coming 24$beautifully resting on the resistance R2, for a breakout above 24$
Biden will boost this sector and Tlry will profit big
TLRY Liquidity Stock Alert UpdateLIQUIDITY STOCK ALERT UPDATE
$TLRY - Tilray, Inc. - Class 2 Common Stock
Initial Alert Price: $9.08
Price High: $22.59
% Gains/Losses: 148.79%
(-4% Less Than Expected)
Potential Stop Loss: $21.4605
TLRY hit $22.59 and has currently completed a healthy pullback and is showing signs of a continued run on the 30-Min and 1-Hour Time Charts after announcing that the company will be combining it's business with Aphria. The stock currently has found support at the $17.42 and we're looking to see this potential retest the $22.59 Price Levels before consolidating. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
HEXO.CA: Bullish FlagBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
Golden cross circled in blue
ATR Ascending
R/R ratio above 10
RS above 0, and ascending
Cons:
250RSI below 50
200MA flat
Target:
PT = 14.80$
[TLRY/APHA] Get in Sub-21 Before PRICE Goes Up Like SMOKE! B)-~APHA was my #1 Cannabis play going into this year based on the fundamentals and it's held up very well, still my #1 long term pick today (along with tangential Cannabis play IIPR).
That was followed by CGC and ACB with TLRY coming in at #4. Now with my #1 and and #4 plays merging and largely rounding out their strengths and weaknesses, it is an even stronger #1 by a factor of 1, maybe 2 over each CGC and ACB.
Amazingly, TLRY is still dirt cheap sitting at 3% of it's $300 peak a year ago lol.
Price is even UNDER its IPO and BELOW its Value Channel here (magenta). Seems impossible it goes under $2 now so max temporary downside is very constrained.
TLRY now the Best Value Cannabis Stock out there supplanting long reigning champ OGI, which is my #5 play overall but quite underpriced ATM relative to the market.
I'm lookin to scale in most my position before $21 and watching it float up like smoke!
TLRY Long PlayCanada's Marijuana industry has finally learned how to beat the competition.
They have very good prices and now are defeating the black market.
With the entire product line available to every vendor. They will have a great opportunity to create the SECOND green rush.
Market conditions are perfect for a very lucrative rally.
Biden announcing his 3 trillion dollar bailout will destroy DXY and rally equities and commodities.
My plan is simple. Buy TLRY at 17.88 hold until 20 and double down if there is high volume.
If TLRY pulls back to 16, I'll double down there and max loss is at 15.
As TLRY approaches 22 i'll cut half my trade to take a profit. At 23 I'll re-add and hold till 25, and sell half again. repeating this process until I reach $30 once at $30 I will re-assess.
This process is counter-intuitive as holding and subtracting share count isn't the normal strategy or conventional one however by consistently taking profits. I will protect myself against risk of taking a larger loss later if this position ends up turning around quickly.
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I will sell completely if the stock makes a lower high and a lower low standard dow theory.
If there is also an RSI Divergence I will switch my direction to sideways instead of bullish, if it creates a second lower high I will switch to shorting TLRY 2-3 months from now.
Lets see what happens.
$HEXO PT ~38$ CAD before year endCopied 2017 & 2018 patterns
For this to happen, this needs to occur;
1) Hexo’s Q2 record gross revenue ~50M$ + positive EBITDA - earnings should be released around mid-march.
2) US banking and decriminalization by June
3) Canadian regs change to allow case quantity of Bev purchases - in Q3 2021
Look for Sideways Activity Before Another Big Jump I will be adding and removing shares all week to acquire a bigger position here. Looks poised for another breakout with some buy spots coming up soon.
TLRY to $21.84 TLRY currently in Wave 3 of 5. Looking for $16 PT by March 2021 before a short pullback. Wave 5 should complete in $21-$22 range. Best of luck!
