TLRY correction before bull
Updated
TLRY 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!
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!
Comment
Still waiting for the correction. edit : 8/02/21
Comment
CRAZY. New fibo retracement level at 36
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.