TLRY | Cannabis | Legalization Is Coming🚀🚀🚀CANNABIS STOCK MOVED - FEDERAL LEGALIZATION BILL IS HEADING TO HOUSE FOR VOTE NEXT WEEK🚀🚀🚀
The house of representatives intends to vote on a bill to federally legalize cannabis for the second time in history next week.
This was confirmed by congressional leadership.
The house will take up the Marijuana opportunity reinvestment and expungement.
The bill will officially head to the house floor for a vote, reported marijuana moment.
All the cannabis stocks moved amid the legalization report.
Thank you and Good Luck!
TLRY trade ideas
Tilray ROCKET! 60x the moneyTilray leading cannabis provider in Europe.
Multiple european countries have legalised in 2020, 2021 and more coming in 2022.
Tilray is one of the very few GMP Certified companies.
And they also hold a big stake in the US Market which sooner or later will legalize.
Tilray is the Tesla of weed stocks.
I expect the stock to hit a new ATH between 2022-2025.
Dont miss this opportunity of a life time.
Tilray Brands (USA: $TLRY) Investors About To Get Lucky 🍀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.
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Descending Channel for TLRY?It appears though Tilray, TLRY on NASDAQ is trading in a descending channel.
A bounce to the downward sloping resistance of the pattern is expected near term, the company is a pump machine with the PRs, Irwin has his eyes on more than Hexo, so in my opinion, the company will continue M&A, and has the rights to change the terms of agreement with Hexo pending due diligence.
Watch out for the DMI, currently trading neutral, if the blue line breaks above the orange a breakout to the upside is either near term or occurring in real-time, and on the contrary, if the blue line on the DMI crosses the red to the downside hold your ankles.
If history is to repeat itself, the RSI has called the micro top of each bounce to the upside inside the descending channel.
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
Trading range for the foreseeable future between 9 Dollars & 3 Dollars. The volatility of the market is likely to cause fake-outs in both directions, trade accordingly.
$TLRY blue dream sniper 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today team purchased shares of marijuana company Tilray Brands $TLRY at $6.10 per share. Our take profit is $7 with a stop loss at $5.90.
Our Entry: $6.10
Take Profit: $7
Stop Loss: $5.90
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TLRY - Bump In The Road to $0.5🛣️Looking at the guppy on a weekly chart its clear to see the enormous february blow off top was nothing but a B wave bump in the road on the way to its destination
Had a few people scoffing / laughing at my 0.5 TLRY call.
My question is - will they be laughing in 2023? 🤔
Not advice.
TILRAY projected area of next peek in US dollars to $107 - $156Tilray has shown an amazing price to Fibonacci circle bottom and top price points over the last several years. As shown in the chart by the red circles indicating tops and bottoms, the potential that Tilray bottomed is clear at the 5 dollar level and is now heading towards the next peak of 107 to 156 US in then next several years. Huge opportunity to get in on the low now and then hold for 2 years for a potential massive gain.
Weed stocksTLRY, CGC, SNDL, ACB
So far this year looks like the weed stocks have found a temporary bottom. Most are curling off the bottom. TLRY has lots of resistance above but last few days has been pushing with increasing volume. Just keep an eye on them if they really start squeezing. Most likely will be looking at some calls this week to see if we can get some follow through. Of course it has been in a nice downtrend overall for over a year but I do like what I have seen last few days.