TLRY
Updated
After touching the summer 2018 high, the stock bounced almost 50%, although that rise seems to be more of a corrective nature than an impulsive one: 3 wave rise instead of 5 wave impulsive rise, now it's forming a descending flag, very similar to what marked the bottom for both BTC in January 2019 and GC1! in 2000.
If this flag will be broken with volume to the upside we can see more more money coming in and higher prices.
If this flag will be broken with volume to the upside we can see more more money coming in and higher prices.
Note
We are two months later and the bid on this stock is absolutely non existent, interesting to note the fakeout of the channel with high volume, but it turned out to be a huge trap for longs. As said the 3 waves up of relief from the test-pump high were very suspicious. Now it’s just a matter of patience and let the market develop.
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