Trade Idea: TLRY Calls
Major Confluences:
- 9/21/50 EMA Crossover on the Daily time frame.
- Strong break above major resistance trend line.
- Major Buying Pressure above the 9/21 EMA's. Prev. close had over 2X the avg volume.
- Stochastic overbought, will be watching for a pullback around the 12.50 price level to hold for an entry on a shorter term day...
Time Frame: Daily Chart
Idea: Gap Fill
Factors to Consider:
- Major Gap in the ~$40-$41 price area
- Rejection off of the 100 & 200 EMA's
- Loss anticipated
- ER Catalyst
Note: Earnings Gambles are considerably high risk.
Time Frame: Daily Chart
Idea: Breakout
Factors to Consider:
- Crossover on the 9/21/50 EMA's
- Crypto Strength (Specifically BTC)
- Historical data over the last 12 months shows weak resistance in designated price zone (Highlighted Via Purple Rectangle)
- Volume & Open Interest heavily weighted on call options 2-3 Strikes OTM 11/19 Exp.
Note: Daily is currently...
