Tilray Long Breakout
Tilray tested its resistance three times and finally broke out. Now its testing the new support. If it stays above and build a candle above the support, this could be a good entrance. The SMA shows a bullish crossover.
On the other hand the RSI looks bearish and is maybe too high. The MACD shows a bearish crossing, too. And the Volume is going up - but maybe not enough to make a breakout.
Would love to hear your ideas about this!
On the other hand the RSI looks bearish and is maybe too high. The MACD shows a bearish crossing, too. And the Volume is going up - but maybe not enough to make a breakout.
Would love to hear your ideas about this!
Note
This worked out very well. We hitted the resistance at 2.9. Now there could be a healty retracement back to 2.30. Here would be again a good entry. After that we could return to 3.20 or above.Note
We dipped to 2.30 and endet there with a bullish hammer. Lets see if we go up as planned from there on monday!Trade active
Looks like we get a bit nervous because of the upcoming earnings tomorrow, but we are still on track and even testet 2,50. RSI looks good and the MACD shows a small bullish crossing on the 1H frame. But all depends on the numbers tommorow. I think for now the fundamentals are more important fot the way from here.What are your expectations?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.