TLRY should hold yesterday's low....?Yesterday had the hourly reversal candle. Today we have a nice dip, pre market. Question is, should we buy it? I do like the green range. Looking for bull volume at opening. Not sure what to expect.
2HQ trade ideas
TLRY Make Sure to Take Some ProfitsCircled, is an hourly reversal candle, followed by a confirmation. This is the first sign that the top may be in, or near. The after hours move looks bullish, but stopped at the 1.272 extension of the drop. It is a 3 wave move, so we could be looking at the hourly reversal candle to mark the orthodox top. Gann teaches us that volume is often the highest near or at tops.
$65.73 is an important level. We may need to consolidate before breaking it.
We would have completed wave 3 of 3, and after a decent wave 4, we should see wave 5. But these moves take time, and waves 5 don't always make new highs...
The fact that the bounce went well past the 1.618 extension of the first two waves, could be the first clue that we have some more upside in this move. We do have a decent series of extended waves, so we could see a nice series of 4-5's. Still, it is important not to get greedy, and lock in some gains.
Tilray® to Import Medical Cannabis in the UKTilray® Announces Agreement with Grow Pharma to Import and Distribute Medical Cannabis Products in the United Kingdom
Grow Pharma will distribute Tilray’s GMP-certified medical cannabis products across the UK
New UK agreement gives doctors and patients access to a sustainable supply of Tilray’s pharmaceutical-grade medical cannabis products
Tilray expects to have a range of GMP-certified, medical cannabis products available for patients in the UK by March 2021.
finance.yahoo.com
$TLRYTilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products to patients, physicians, pharmacies, governments, and hospitals; and for researchers for commercial purposes, as well as compassionate access and clinical research applications. It operates in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, Israel, Ireland, New Zealand, South Africa, Switzerland, the United States, and the United Kingdom. The company was incorporated in 2018 and is headquartered in Nanaimo, Canada.
US Stock In Play: $TLRY (Tilray Inc)$TLRY further accelerated its price incline with a momentous gain of +50.91%, closing at $63.91. The total gain achieved by $TLRY for 2021 stands at +684.04%, marking it as one of the biggest winner in NASDAQ for 2021 till date.
The current price volatility of $TLRY has spiked to a level that was last seen in 2019, but remains a far cry from last 36 months peak average volatility which is 86% away. Substantial purchase order was observed at intraday support at $47.83 – $51.92 at 23.43pm till 23.59pm (GMT+8). Further institutional accumulation is also observed at $58.50 – $60.22 at 03.25am – 03.33am (GM+8).
This implied volatility contraction will not be witnessed until a break of price short term price support at $46.50.
TLRYI think TLRY stayed under the radar of many for a while now, but im pretty sure it will play out great. This is my kind of longterm plan for it. I think at least till cannabis industry will be disrupted once again as everything on the long run may be, with TLRY we will see exciting times this year.
I think we just went through rea-ccumulation cycle and will meet the demand zone soon (blue box), this will be when hype might pick up, so ill set my first targets high to catch high volume volatility spikes during hype peaks and avg. down my entry in really long swings. when i hear the combination of words: ape, tlry, lambo, i will pbly sell :D
This is my ruff plan, so make your own, and don´t follow mine, cus i might not be updating and keep rubbing this chart in anyones face running around with a big ass bottle of i told you so and this may be the sole reaon im publishing this chart. this is not finacial yadda yadda...
DYOR HF GL!
Tlry WSB short squeeze possible I was snooping around the internet and it seems that WSB is trying to force a short squeeze on TLRY, Robinhood currently is not letting users view TLRY options. No official statement has been put out by Robinhood
Disclosure: I own stock and calls
US Stock In Play: $TLRY (Tilray Inc)$TLRY broke out of its Bullish Flag pattern with a remarkable day gain of +40.74%, closing at $42.35. $TLRY extended volatility was earlier highlighted 4 hours before the US pre-market opening session yesterday. The total gain achieved by $TLRY for 2021 stands at +298.45%.
At the current junction, substantial buying pressure remains in force with no signs of price exhaustion. Average price volatility of $TLRY have further inched to a range of $3.50/day with continuous volatility expected on TLRY in this month of February. The first major resistance to watch for a test on $TLRY is at $46, last traded in August 2019.
TLRY - Bull Flag (Etoro Portfolio)Marijuana Stock rally as Jazz Pharma agrees to buy CBD maker, we used technical analysis to find out which has entry trade signal.
Having a strong uptrend since Dec 2020, forming a bull flag and build up approx. 2 weeks.
Break out on 2 of Feb 2021, RSI and Stoch. indicators also level at above 50% as confirmation trend in bullish.
I have trade at price 18.11 (can refer to Etoro), next day price open gap jump up.
Used Fibonacci Extension to project 1.618 and 2.0 as taking profit level.
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congrats! <3pot is hot ! congrats to anyone who entered any pot stock, they are all flying, this one seems like it leading the herd. glad i got some! look for a test of 80 in the near future! goodluck :)
[TLRY] Double Top Weed Legalization Retirement Plan for NoobsGonna BTFD until weed is legalized in America and then retire.
GL ALL.
Better hope you were paying attention...
bull flag?looks like a bull flag forming guess we'll have to see in the morning probably but seems fairly promising considering today
tilray- potential set-up -head and shouldersso this is just my opinion of the potential possibilities of this stock... i am not a bear, I have seen this stock pump and dump many times to know that nobody ever wants to hold the stock. It is apparent if you look at this from its all time high it went to all time high from its IPO and there was an immediate dump
TLRY: Big Picture PlayBought TLRY on Feb. 08 at 19.96 to 20.30s when the momentum kicked in.
AEP: 20.18
Initial Stop: 19.0
Target Price(s): 65, 96, 110
Allocation: ~30% of port
VAR: 1.5%
Big picture formation: Bottoming
Entry setup: Bull flag
TLRY correction before bullTLRY is consolidating, currently approaching point 4 of elliot wave cycle.
There should be a correction phase around the highligted area before peaking towards 5.
RSI is moving down towards oversold (where I expect the price to move into the correction zone)
Ichimoku Cloud is currently green, and stock is priced way above EMA150.
Based on Fibonacci retracement, Expecting a dip to reach minimum 24.70, and bull afterwards with first PT of 33.70
Not Financial advice, do comment your 2 cents!
