2HQ trade ideas
Tilray possible .618 fib targetHey everybody, If you enjoyed this quick analysis leave a thumbs up or comment your thoughts below!
We can see that the 10 and 30 moving averages are currently acting as support and that the price is at the top of the descending channel which could be a possible bull flag, and I have my targets set at the beginning of the flag and my next target is set at .618 fib which we saw act as a daily support back on March 2nd.
$TLRY Potential Trend-line Break
Potential for some continuation in TLRY today.
Alert set for break above trend line
Lets see if the dumpster stocks cab catch a bid again this week.
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Darvas box theory is a trading strategy developed by Nicolas Darvas to target stocks using highs and volume as key indicators. Darvas developed his theory in the 1950s while travelling the world as a professional ballroom dancer. Darvas' trading technique involves buying into stocks that are trading at new highs and drawing a box around the recent highs and lows to establish entry point and placement of the stop-loss order. A stock is considered to be in a Darvas box when the price action rises above the previous high but falls back to a price not far from that high.
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$TLRY #TLRYI'll just leave this here
I do think it might have one last shakeout / leg down
But this looks good
Looking for 34-35
$TLRY #TLRY will be HIGHER!!!Smart money already bought their shares(green hands!) DID YOU??? This is a puntworthy occasion
$TLRY Some Bullish action , Possible Downtrend BreakNice spike in volume today, but lets see if its just another Bull Tray,
Needs to break downtrend and 13ma tomorrow
TILRAY JULY Forecast **13% BUY
81% HOLD
6% SELL
Why are so many people holding? They know Tilray will receive support increasing the market value to near pre-covid ($20) however the uncertainty is still at an extreme level, with that in mind Tilray's "fair value" is still set at a steady $15. Tilray will reach a $10 to $12 in July-August. I mean I guess... i dont know im im pretty drunk
OPENING: TLRY SEPTEMBER/JULY 6/10 LONG CALL DIAGONALBack to the "Weed Well" immediately post earnings with 30-day still ginormous at 198% while I wait for June opex ... .
Metrics:
Max Loss: 2.89/contract
Max Profit: 1.11/contract
Debit Paid to Spread With Ratio: 72.2%
Break Even: 8.89 versus 10.01 spot
Notes: Extrinsic collected with the short call far exceeds that in the long, so I make money if it just sits here or does anything but drop below the break even at 8.89. If it doesn't approach near max at July expiry, I'll look to roll out the short call for additional cost basis reduction.
TLRY Pump & Dump incoming - Long / Bullish !TLRY - The three month chart has shown this stock loves to randomly pump n dump.
Stock is trading with great support + sitting on the trendline.
TLRY is going to Pump again, then dump/consolidate back to near the trendline while at the same time establishing higher highs.
I think its safe to assume this stock will continue its pump/dump pattern all the way to earnings near september.
Pick up some stock while its cheap or buy some call options .
Currently i have a Year long option - 2021 january 7.5call - Filled at 1.80. GL trading.
Im also playing a few 7/17 10 dollar call options as i expect the stock to pump sometime by next week.
Will be selling them and then adding to yearly calls after the pump/dump finishes dumping. and the yearly contract become somewhat reasonably cheap again.
By the way- the stock likes the pump near the END OF THE DAY. take note. END OF DAY!!
Goodluck trading and bless !
TLRY LOOKING LIKE ITS BOTTOMING / Similar to BTC bottom Hello traders, during my trading experience I have seen many securities bottom. When a security is depressed and it forms a bottom formation the formation is very similar to a fractal making a triangle. While making a triangle it tends to be very extreme -frequently breaking highs and getting back to lows- hence creating a fractal with large swings. I have been eyeing TLRYs chart for a few months and can see a bottom very similar to BTCs bottom a few months ago. I can see Cannabis fundamentals catching up aswell. While we are in a middle of a pandemic, Cannabis stocks fundamentals not only have been not affected but many cannabis companies have experienced a growth of revenue precisely this is true with Tilray. While these companies have trouble with managing their debts and expenses they have been growing at a fast pace. It can be a good idea to allocate a small percentage for speculation. Personally, I have been buying LEAP options on TLRY expiring in 2022. With more countries legalizing we can see these stocks getting back on track with better fundamentals and a fuel driven by hype. While the broad market is at a critical point its safer to invest in a couple weeks. If you believe the market is going to recover then these growth stocks will most likely outperform blue chips.
$TLRY - Do not break the bold line (Very risky)RSI getting lower toward oversold area.
MACD is not looking good.
Not for a suggestion.
TILRAY $TLRY "Swing up"It found support at both 50SMA and trendline. It is time to swing up. It just need more volume to be attractive.
12 months Consensus Price Target: $17.88
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$tlry Tilray Finds support
Lets hope the recent selling has come to a end as the stock finds support on the POC.
The 7MA may act as a good upside target
