2HQ trade ideas
$tlry breakout on the R4 coming 24$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!
Tilray Rally As Georgia Runoffs Signal Democratic SenateMarijuana Stocks Rally As Georgia Runoffs Signal Democratic Senate
Tilray, Inc. surge on hopes Democrats' win in Georgia could spark US legalization
Tilray, Inc. surged on Wednesday following the early results of Georgia’s key Senate runoffs that could open the door to federal cannabis reform.
With Democratic candidate Raphael Warnock claiming victory in his race against incumbent Sen. Kelly Loeffler (R -GA) and Democratic challenger Jon Ossoff winning his race against GOP Sen. David Perdue, Democrats took control of the Senate. That fuels hopes that prior roadblocks, including refusal on the part of Senate Majority Leader Mitch McConnell to bring cannabis reform bills to the chamber, could be removed to move legalization efforts forward on a national level.
the change of Senate control would catalyze constructive changes for the sector.
Democratic control of the Senate, “could help provide better access to capital, alleviate operating headwinds, and help drive industry growth.”
more moderate reform could come first, perhaps in the form of a modified Strengthening the Tenth Amendment Through Entrusting States (STATES) Act, which could allow cannabis companies to access traditional banking and financial services and alleviate burdensome federal taxes.
“To the extent that the industry is presented with an opportunity to lobby for either of these measures, we would expect a consensus to form around the STATES Act over the MORE Act,” she said.
finance.yahoo.com
Key to that growth will be the speed in which states that voted to legalize cannabis set up policy frameworks, and at a federal level, which policy proposals receive the largest attention from legislators.
potential reforms range from mild banking reforms through the SAFE Banking Act, which would allow the industry to tap traditional financing and banking, to more progressive agenda goals like federal decriminalization and criminal expungements through the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. A combination deal could also be pushed through.
With New Jersey legalizing through a ballot initiative this November and New York increasingly looking likely to follow with legalization, according to New York Gov. Andrew Cuomo’s State of the State address.
finance.yahoo.com
TILRAYTilray has bottomed out i think since we saw the $5 prices, and now we appear to have had a breakout. ideally wait for a pullback maybe to the $10-$12 mark. I noticed every time Biden got closer to POTUS, that tilray and a few other cannabis stocks had bullish moves. So longer term i believe this is Value investing at its finest. I have placed the shares in my Tax free ISA and will hold till circumstance change.
TLRY long, neutral triangle?Might be a neutral triangle playing out short term to the upside. 1.618 of the neutral pointing towards low 10s.
Point of discussion still, is this APHA merger a good or bad thing (if and when it happens ofc). Seeing many negative comments about it (esp from APHA holders).
What do you think?
Love and trade safely traders!
TLRY Bullish breakout Set UpHello fellow traders,
If it fits your trading strategy and set up rules TLRY currently offers great risk-to-reward potential to the upside.
Let me know if you like the idea with a thumbs up.
Enjoy your day.
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.
Weekly Play with TLRYThey seem pretty poised to keep taking the pops upward until we see some actual good news in the direction of these stocks rather than just speculation. I am betting long term that we will see at least $30 this year. Thats a conservative estimate as well.
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.
TLRY Bullish Trade Setup (Breakout Pattern)TLRY Breakout in progress targeting wave (5) upside target at 35-40.Look to establish a 12/22 Call Debit Spread expiring March 21’, exact trade execution details in Video Update.
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.
