2HQ trade ideas
best large cap ganja stockwait for legalization on the federal level, it will happen within 4 years at most
Add to TLRY position- divergenceNice opportunity to further add to our TLRY position with this MACDH divergence on the 1 hr chart.
We can keep a fairly wide stop on this one and hold for the short to medium term up to 60's or longer up 50% to all time highs around 150.
This has been a lovely pullback on this great cannabis stock and we still have merger talk doing the rounds.
TLRY Long to 100TLRY stock pulling back after a huge run up. It is now back over the important 23 level and being supported at the 20 DMA. If this stock takes out the short term highs it just created this month, it will explode upward.
Current Price: 29.21
Target: 100
Stop Loss: 23.00
TLRY Ranging After All?Looks like we're ranging after all... Looks fragile, but oversold at the same time. Yet, indicators are useless for at time, after a spike, as it distorts the averages that are used to calculate them. Bears are looking for $15. This is the year of cannabis though. Caution!
$TLRY bounce spotSee plan for 618% bounce spot, noted 10 and 20 day ma, all will have demand imo, 618% ill be watching close @ 27.15' area
dip entry here? it has potential ! nasty drop from highs but this could be a nice place to average down or get in if you havent yet. long 28.5 stop loss 25 and target 65+ longterm
Tilray Bull OutlookSupport found at 61.8% retracement, and 21 EMA, and trend line,
Support zone between 23.50 and 27.50
Rationally, I would expect at least a flash down to the low twenties.
Merger talks, WSB, stimmies add to the bull case
TLRYRange broke. So no range. Downgraded to neutral yesterday, so institutions are out of shares to feed us. Pennies away from daily MA21, super bearish close, so likely to see more downside. MA21 could provide a reasonable bounce, but only if she finds demand there. If not, the MA50 at $17 could be next.
[TLRY] 2021 Cannabis Market Roundup: TLRY and APHA Lead the Way!Cannabis feels so meta sometimes.
TLRY leads a 10x market run and then collapses to the worst performing Cannabis company in 2021 lol.
Man APHA definitely getting the short end of the stick here haha but they'll all make plenty of money slangin drugs together.
Wish I had done a mashup like this a long time ago, lots of fun data.
Here's how I've been betting it:
1. APHA/TLRY (TLRY was my #3 before the merger)
2. CGC
3. ACB
4. OGI
I threw in GRWG and CLVR here too.
GRWG is the shovels and pickaxes of this Green Gold Rush.
CLVR a new entrant that looks promising.
I have some other minor stakes but these are the Gems.
TLRY/APHA leading the pack with OGI coming out of left field recently to supplant ACB and CGC.
With OGI finally blowing up, that makes CGC the best value play right now. At similar value, CGC much better company than ACB.
Lookin to pick up another load around $23-$26 and we're back on the hunt for that double top ;).
APHA and TLRY are priced pretty well here, OGI lookin pretty overpriced. Rest are underpriced.
TLRY - Call Me An Optimist Just some ideas on a possible mid-term trend for TLRY. Draw your own conclusions.
TLRY decent long entry opportunity comingShould be good to go for a long position when stock price touches the 0.75 fib line in the support zone
TLRY reversal swing RSI bottomed out, MACD golden cross incoming on the one hour chart; will occur on daily chart for a longer swing. Slingshot pattern. Use fib retracement levels for price targets and support/resistance zones.
TLRY - swing calls, day trade, or buy stock - great r/rThe green arrows show when price retraced, RSI also dipped below 50 and came back over the next day. If RSI is higher by end of day and price moves over yesterday's high, that signals more upside. Stochastic looks ready for a bounce.
Choose your timeframe and take profits accordingly. My initial stop losses: < yesterday close, < 30. It is better to reenter a trade than to lose too much capital.
TLRY Beats on EPS, beats on revenueAbove R1 after hours, successfully retested. 32% short float. Squeeze right into my pockets please.
Good luck tomorrow, everybody, and a big high five if you had the balls to play earnings.
