$NASDAQ:TLRY Up in Smoke or Waiting for the Puff and Pump?NASDAQ:TLRY Up in Smoke or Waiting for the Puff and Pump?
Left for Dead or a Sleeper Rocket in the Making? 🚀
Alright, let’s talk about Tilray (TLRY). I know what you’re thinking: this thing’s been taken behind the woodshed, beaten, and then fed through the wood chipper—twice. Technically speaking, it’s been in a brutal downtrend. But here's where it gets interesting...
Since December, I’ve been noticing signs of quiet accumulation. Volume patterns are showing life. This isn’t just random noise... it looks like smart money nibbling while the rest of the market sleeps.
Fundamentally, it's trading at 0.68x sales and a crazy 0.17x price to book. That’s deep value territory... basically priced like it’s going out of business, which it’s not. Cannabis isn’t going anywhere, and when this sector comes back (and it will), I want to already be on the launchpad.
Now imagine a scenario: Trump leans on Musk-style libertarian logic, and pushes for federal legalization to fill the coffers with tax revenue (and their pockets as they and their friends will be ahead of the trend as all politicians at that level are). Boom. You think this thing trades at 65 cents for long? Me neither.
I’m not saying we’re going to $5 next week....but the risk/reward here feels very asymmetrical. Worst case? We chop sideways or retest lows. Best case? We get a face-melter rally that TLRY has shown it's capable of in the past.
This is precisely the kind of chart I look for. Beaten up, forgotten, but technically setting up... and fundamentally undervalued.
Not financial advice. Just sharing my thinking as someone who loves deep contrarian setups.