TLRY close to breaking outIt looks like if $TLRY breaks the downtrend shortly and confirm the break out it could run up to the 200wma or longer term downtrend. With some bullish divergence on the weekly chart this adds to the bullish case.
TLRY trade ideas
TLRY - Things May Be About To Turn Bullish For WeedMulti time frame bullish RSI divergence is coming in for TLRY and could be a large pop in the pipeline.
That said this one mostly takes from, not gives to buyers so a lot of care is required.
Not advice.
TLRY - Looks Set To Break Out With Indexes 🚀🌒TLRY appears to be consolidating my previous first target 1:0.618 @ $3.42 just as NDX looks set to break out and so I think this is the anchoring fib that will prove to either be the bottom or a significant low.
Also earnings is coming up shortly and would you believe the 1:1 fib time extension for this 3 wave pattern is almost exactly at earnings.
Its as if its been scripted 😄.
So I think TLRY is about to rocket 🚀.
Bought LEAP puts due to high IV which can pay for my calls, alternatively can buy the stock.
Not advice.
Final Showdown Before Deadcat bounceI am waiting for the last shoe to drop before going long on the deadcat bounce.
TLRY all about that 4.20I know it may seem like a joke, but actually 4.20-4.30 area is the resistance point for TLRY, over that and it could be a very large move up. Good luck
Not Out of the Wood Part 2I think we will have a deadcat bounce with the mid term election coming up and then drop right back down to all time low. $1.xx long term target for now.
Tilray moving averagesYesterday cannabis stocks moved higher on news. Here's TLRY moving averages on the 1-day chart:
SMA50 = 3.51
SMA100 = 3.63
SMA150 = 4.35
SMA200 = 4.89
52wk high = 13.95
52wk low = 2.65
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TLRY Short | LT entry target $2.08NASDAQ:TLRY
Tilray Brands Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products. It operates through five segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, Wellness Business, and Business Under Development. The company provides medical and adult-use cannabis products; pharmaceutical and wellness products; beverage alcohol products; and hemp-based food and other wellness products. It offers its products to retailers, wholesalers, patients, physicians, pharmacies, clinics, hospitals, governments, and researchers. The company operates Tilray Medical, a medical platform that provides GMP-certified flowers, oils, vapes, edibles, and topicals. It has operations in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company was formerly known as Tilray , Inc. Tilray Brands Inc. was incorporated in 2018 and is headquartered in New York, New York.
TLRY Earnings are expected to be released on the 6th of October.
A break below $3.08 could potential lead to an ATL of $2.08
Tilray: Extended W or Head&ShouldersIt's not certain yet but I see high probability for an Extended W pattern (double bottom) or a Head&Shoulders pattern (triple bottom).
First target=4.50
After the first target, there are two probabilities:
A) It may break the resistance and keep on rising.
B) Or, it may turn back from 4.50, form a "head and shoulders/triple bottom pattern" and then rocket!
Mid & long term targets might be very high, since the share is too far away from its ATH.
TLRY (20% TRADE SETUP) Buy target is right under 3.33 when the gap closes. Sell targets are marked in orange. Red line is not accurate, it's is just there to display potential upside movement between buy target and final sell target.
Tilray at support? Tilray
Short Term
We look to Buy at 3.18 (stop at 2.94)
We look to buy dips. There is scope for mild selling at the open but losses should be limited. A higher correction is expected. Expect trading to remain mixed and volatile. Previous support located at 3.120.
Our profit targets will be 3.74 and 3.99
Resistance: 3.75 / 4.00 / 5.15
Support: 3.20 / 3.00 / 2.50
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on the way back up - longThe purple painting that I've draw 2 months ago looks like coming true. Lets continue the ride together. LONG TLRY!
Not Out of the WeedSomeone here was cracking up on some Dad jokes. I think the joke fits the Tilray stock trend here perfectly.
We do see increased volume coming in but there are still people who want to sell. This incoming leg down should create a RSI divergence on the daily.
On the weekly, we are far from end of correction. However, I am expecting a huge deadcat bounce going into this mid term election. The timing fits perfectly with the EW counts.
TLRY LONG LONG LONG TLRY Love this here for a longer-term play
As mentioned, weed has been off the radar and we have a nice entry here for a swing.
LONG LONG LONG AND HOLD THAT SHIT FOR GENNY WEALTH
TLRY Bullish Pennant Pattern Long ContinuationNASDAQ:TLRY
TLRY had 10% price range today' and finished with a Bullish Pennant
on the 15-minute chart. Accordingly, it is set up for an entry for the
long continuation.
TLRY showed momentum today by breaking above the double top
in the price action last week.
The uptrend is supported by bursts of relative volume beyond
the moving average of volume.
Weed Stocks Bottom We are not out of the weeds yet. Get it?
stupid dad Joke
We are back down to buying prices and with inflation/fed rates priced in we've had a good month.
If we can break and hold above the downtrend line we could see a little rally to $6-$8 range.
I don't think it will last long though and we will more likely have a double bottom.
Seems like federal legalization is still a ways off, and marijuana market growth is slowing.
Just charting and sharing thoughts. Happy to hear feedback.
Is TLRY a buy on yesterday's selloff?Yesterday, TLRY stock went down 10.7%, crashing along with other meme stocks. On the short term it bounced against strong support at the level around 3.8. Interpreting the crash as a bearish engulfing, the nearest resistance line would be at 4.44, whereas on the downside, below the current support level which is being held, there is another clear resistance turned support level around 3.65. This means that from a risk/reward perspective, TLRY is great, with a risk/reward of over 3.75, even using the nearest support line, below the current one. The stock is also in an upwards trending channel, the stock was oversold according to my RMA indicator, short sale volume was significantly smaller than net volume as shown in my NDO indicator, and the stock's price is hitting the 50 day EMA after breaking above it.
Long on TLRYElection years provide big upside for Pot stocks, 2000 went 150% and beyond.
Hidden bullish divergence on the Cluster Algo and RSI on the weekly. currently DCA'ing this.
Another trip on the RayTaking a long again here on TILRAY, looks like a leading diagonal pattern was wave 1, now we should see support from here to start wave 3. Retest of breakout with hourly bull divergences.
Looking for 7+ in the coming weeks.
TLRY - Will Be A GREAT Buy @ $0.6!!!I've had targets of $3.5 and $0.5 for a while but now its time to look again.
The key to this puzzle I think is the recent expanding pattern which due to moving further away from trend than any previous correction shows that it is probably the major pivot.
And so the correction should be a running flat which is typical in a flowing trend.
Last week printed what appears to be a shakeout reversal pattern (wick) through the B wave resistance @ $4.78 and now today's PA seems to have confirmed that with the downtrend continuing against indexes which are on a bounce today.
These recent landmarks have added more pivots and as you can see there is quite a cluster around the 0.54 - 0.65 area.
And so TLRY is probably in a long term cycle ABC from ATH @ $300 down to 0.54 - 0.65 area. Very very wild! And its not going to stop @ $3.5 I dont think, or the lows.
I will be looking to open a small short position on a re-test of resistance for high RR. And I will use options for defined risk, just in case something unexpected happens.
But the main goal is to get VERY long much further down the road.
And if TLRY hits $0.6 and if that concludes a cycle ABC from ATH and if a typical X wave follows (or of course it could be a bull run but lets stick with an X wave for simplicity) then a retracement + typical overshoot to magic ratio 0.75 would see a bounce to somewhere around $61. That would be a 10000% increase!!!
And this chart loves going on mad rallies! 😄
See you at $0.6.
Not advice.
The ART of the Fade.Tilray is a Cannabis stock, but the importance of this post is the art of fading.
I have numerous posts on Volume profiles and how and why they are very effective, and have kinda made it a mission to show you how great they are!
Here I am showing you how to fade around value, notice the profile, notice how price is trading sideways in this range and building mass of orders, I have used the two blue horizontals to show the outerside of range, and look how price has acted! Absolutely beautiful fades back into Value! honestly so beautiful.
Price attempts to break the outside boundaries before being turned around and heading back into the mass of orders, it is truly beautiful.
The takeaway from this post is the importance of using a volume profile in trading, as the big boys are! step up your game now!
TLRY A Generational Buy At $1.60 IF IT GETS THERE Title says it all IMO this company formally at $150 can drop all the way to $1.60 and we'll back up the truck for more on this name follow @dRends35 This is NOT ADVICE WE ARE NOT SHORT.
