TLRY trade ideas
$TLRY Squares Off with Binary Outcome RiskTLRY shares recently triggered an "Ascending Triangle Bullish Breakout", which is often an extremely powerful long side pattern setup.
But it can fail. And failures of this setup are often spectacularly damaging because investors often can't tell when to give up, and often give up in a crowd.
A move back under $7.50 would be bad at this point.
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$tlry Tilray Weekly Review
100 day moving average and $11.60 remain strong resistance. short term bearish until broken
stock is now making higher highs and higher lows which signifies a trend change
well defined mid channel resistance line holds firm
RSI approaching support
MACD and volume declining
Below $9.00 would be very bearish
$TLRY can rise in the next daysContextual immersion trading strategy idea.
Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $10,29;
stop-loss — $8,90.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Thanks for being with me!
TILRAY INCNASDAQ:TLRY
Hey, traders!
Today I decided to share with you very useful , in my opinion, information.
I decided to tell you about a reliable model of trading on a rebound from the level.
Such a model has VERY bigg pluses:
1. The model is based on the presence of a limit order, in which the price stops, which guarantees reliable protection of SL
2. You can use a very small SL order sizes of 1-3 cents - and this is just great if you are trading with a small deposit or if you are trading with margin.
3. Often, in my personal experience, the RR is much larger than 3\1. Personally, in the worst case, I got 10\1, but very often there are 20 or even 30\1.
And as you understand, this is due to two factors: a very short SL hidden under a limit order , and quite a large potential for a move, provided that you, as a trader, have correctly determined the direction of the move.
4. Suitable for beginners .
I will highlight, perhaps, only two drawbacks:
1. It is rare, this model has to wait and be at the computer. In other words, the trader must be tied to the monitor.
2. the trader has to make a decision quickly enough.
When such a model is used :
1. After the price sawed the level , but then one of the bars opened and closed in the breakout area.
Mechanics:
1. After fixing the price in the breakout area, we wait for the level retest.
On the example of TLRY: the price has been sawing the level 10.60 for the last 3 days and fixed in the breakout area. But it is not enough.
If today the day bar opens and closes above the level, we will consider that the long player defeated the short player.
2. We're definitely waiting for the 10.60 level retest.
3. On the M5 or M15 ( junior timeframe), during the retest, we wait for one bar to confirm the daily level, then the second bar, cent-to-cent, will confirm the level again, which will indicate the existence of a limit order, for which we hide our SL
4. The point of entry is at the next bar.
Once again, this situation is rare, but if you see such a model, profit is simply guaranteed !
If you want to learn to understand the market and make successful trades, feel free and contact me.
Trade wisely!
Will TLRY drop?In my opinion TLRY will drop because on the RSI it is getting closer and closer to being overbought. Same with the CCI it is over the 100 level which means the momentum is up which means it is overbought. PLEASE COMMENT WHAT YOU THINK!
TLRY: Longing a scam assetScam asset has some room to run in spite of terrible fundamentals. Good r/r for a long
TLRY poised to break baseBreaks 10.50.. room to 12.50 then 14.50.
Could retest bottom of triangle before the break.
TLRY has positive long-term perspectiveMajor investors prepared for "good news" that will publish soon.
Weekly chart divergence on RSI, bounce comingCould be a good long term play and hold. Big buy volume on the daily and weekly candles. Stop loss set at $0.95
