TLRY trade ideas
Cannabis trends! All of these cannabis stocks seem to be following the same trend as eachother!
Tilray & Aphria merger coming soon!
Tilray + Aphria = Tilray
Aphria shareholders will receive .83 x 1 share of Tilray
Low-risk swing tradeThe chart is simple to read with RSI and stochastic both turning up. You can trade up to the blue line, even a day trade. Hold for break higher or reenter after line is broken, since there could be a pullback first or line may hold. For a longer hold I want to see moving averages cross up.
Risk is low because stops can be a certain price and/or a percentage of option loss. It depends on your trade. For example near today's open I bought weekly 24 calls for 50cents. I can use 22.99 and 22.80 as stops, and I can also exit if option goes below 0.40. These are initial stops that I may adjust as trade works.
Ready or not here we go!!!So Tilray has it all, fundamentals..yes i just got the literature, healthy read, from the merger with apha and its looking fantasmagoric.
The industry is heating up globaly. Canadian cannabis sector on full boom and consolidation cicle..oportunity everywhere
I would thread carefully as always, cause this is a volatile industry..treat as day trade always.
Be ready to cal lin the sale afterhours or pre market...if you are fe..eling overnighty..
goodluck
\Just a thought
TLRY 2H DivergenceSome Divergence in the 2H Chart.
I think we will see tomorrow a bounce from here, because we have a big support in this area.
Let me know, what you guys think :)
TLRY Sharp CorrectionFollowing my previous post, we now have 1-2 or we have A-B. Next is a 3 or a C that should target $24. Breaking above $24 increases the probability that it is a 3rd wave, and would target $28, $32, $35 and $40. Rejection at $24 would mean more pain ahead.
Macro degree, we will either get a head and shoulders, leading the price down to the $10 range, or we get an ABC up to retest the highs, or (least likely) we get a new impulse to new highs.
Indices are really scary right now. FED has no clue how to fight inflation and Biden administration with Warren is anticipated to be bad for markets. I am going to stay defensive, and trade only what is right in front of me.
Hit bottom for first bounce, time to buy.No fancy analysis... just reading the charts taking volume and trend change now according 1min and 5 min charts.
TLRY As ProposedWe got the anticipated lower low, we got the bounce, we got a channel break and a retest. Is it a fake out, or is this a sustainable break out? Indices show signs of bottoming as well.
TLRY 1HR4HR and1HR BULLISH CRAB + 1HR SHARK Strong zone
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
TRLY Bottom could be nearI think we could see one more lower low before a bounce, but a bounce should be imminent?
$TLRY Consolidation before continuation Watching $TLRY for consolidation breakout, smart money sold into supply now they look to prz to reload shares at previous breakout spot (structure), 4 hour inside bar trigger over 27, this play is obvious so it could be a trap before dip to prz, just a thought, worth adding to wl for sure.
Buy $TLRY - NRPicks 14 MarTilray, Inc. is dedicated to the research, cultivation, processing and distribution of medical cannabis. The company offers its products to patients, doctors, clinics, pharmacies, governments and hospitals.
The Ministry of Health and the New Zealand Medicinal Cannabis Agency grant Tilray the first approval under the new Medicinal Cannabis Plan to launch medicinal cannabis products across the country, which will undoubtedly have a major impact on revenue of the company.
During the week, most sectors showed a recovery, however, the marijuana companies had a controlled upside and this is likely to continue. We consider that Tilray is in the middle of its journey.
Technical:
- Average RSI levels
- Buying force 143M buying volume last week.
- Bounce on MA100
TLRY bullish case#TLRY daily and hourly chart below. Short term #TLRY can pop up to 26, 28 & maybe 29. Needs to get above 29 to break the downtrend and can continue higher.
If it fails to do so, it has a lot of room sideways to keep consolidating through early to mid April. Rally before 4/20 🤔
$TLRY Battles to Save its 50-day MA Trend StatusTLRY facing critical technical test in play today as stock battles to hold its trend-defining major 50-day MA, which it has held its last 5 consecutive tests.
