TLRY longDouble bottom on the Daily at market structure with liquidity hunt of previous longs to fuel positions of institutions confirmed with massive volume shows a positive upside for TLRY in the near future.
2HQ trade ideas
weed stocks are about to smoke the competition? xDTLRY finally breaking this longterm downtrend resistance, bouncing off extreme support on chart levels and RSI. these are all good signs for longs.
looks like we may see a rally to 15.20-23.12-36.32 in the near future.
TLRY & CGC |LEGALIZATION & Fundamental Perspective For CANNABISCANNABIS 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.
TLRY & CGC | Technical and Fundamental Perspective For CANNABIS
The problem with TLRY, CGC, and other Cannabis companies is that they are all waiting for U.S Senate approval and to be legalized.
Actually, they are below their fair value.
The actual Cannabis companies cover 3% of the market.
If the Senate will legalize cannabis the whole market will jump.
It is calculated that they will have an increase in the actual demand by 6 times higher.
They are also expanding in Germany and Netherland lately after cannabis legalization.
One of the biggest problems is that big institutions like banks can not add cannabis to their portfolios as long as it is not legalized.
The banks have major equity when it comes to investing.
This equity will be used by the companies to increase investments.
So just keep it in your portfolio if you have patience and can wait until it gets legalized.
Previous analysis:
Tilray (Cannabis)Tilray Brands, Inc. is a global cannabis-lifestyle and consumer packaged goods company. Earnings Coming soon
TLRY LONGhuge bounce off this double bottom here. Projecting 161.8 on the fib extension which is also in confluence with the 'W' formation.
$TLRY U.S. Cannabis LegalizationThis breakout may have some merit to it. Two overhead resistances broke with the second-highest weekly and highest daily volume on record.
Tilray TLRY Highest Daily Volume EVER! 220 MILLION Shares TradedWhoahhh the TLRY volume!! Highest ever on the daily: 220M shares traded so far...
This is wild folks... this is what we need to be confident in the bottom being set. massive volume... 172 BILLION dollars traded in Tilray alone and we still have 1.25 hours to go. Remember volume usually precedes price:
$TLRY Long - Target $16+Looking at the MACD and TDI, it looks to have a bullish divergence occurring. Potential breakout of descending wedge to $16+.
TLRY triangle breakout- 100% up from here!With $TLRY, the triangle rule is it will hit the base ($18 price target) in 1/3 the time it took to consolidate. We consolidated for 300 days, and now it'll take 100 days to hit (putting us sometime in July)
These $6C Sept calls I bought for $1.06 will be worth $12 :).
PTs. $8.31, $9.82, $12.09, $16, $18 :)
Good luck out there!
Tilray (NASDAQ: $TLRY): Federal MJ Legalization Vote #2! 🌿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 | 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!
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.
TLRY Super Bullish on NewsAs news coming out on Monday about cannabis, this sector is super bullish and continues its momentum.
TLRY on watch tomorrowLooks like pot stocks may be a thing again. Adding this to my watch for tomorrow like everyone else. Massive move today and after hours could have some follow through to 9 or 10.
TLTY 5.69Tilray Brands Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products.
Trading at 70.7% below our estimate of its fair value
Earnings are forecast to grow 48.76% per year
TLRY doesnt look to hotdouble bottom in perhaps i guess we can see, looks like momentum might be flipping built there's still some downside.
Tilray for The FishermanNOT TARDING ADVICE
Weed stocks will do good
Probs need to get the crash out of the way first
GRI 2022
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.
Tilray Brands USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Looks like TLRY is about to break out of this falling wedge downLooks like TLRY is about to break out of this falling wedge down trend. I know I know many have said this before but it does look different this time, It is really slamming up against the wedge.
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.
