TLRY hits bottom now what
TLRY is my third idea in the pot space and while CGC and CRON have very similar charts this one is different. While price has finally hit a bottom low there has not been as much time to form a base of support like CGC and CRON. Therefore while this pick is more aggressive in my profiling it is capable to benefit from any rebound in the space and make a 10% trade from current 15.55 level.
17.90 and 19.90 are resistance points above therefore my minimum 10% potential threshold are true.
MACD signals are positive on both daily and weekly intervals and oscillators appear ready for a turn.
This pick is in conjunction with CGC and CRON which explains some of the allowance in the set up. My thinking is if CGC is turning around that positive momentum will be whiffed in the air after a major downtrend in 2019. That smell is likely to help both CRON and TLRY for the first bounce off supporting base area. 10% to start and we'll see how this blunt goes....
Dr. RAV
TRADE to win/Trend is your friend...Manage the risk/Makes your success
17.90 and 19.90 are resistance points above therefore my minimum 10% potential threshold are true.
MACD signals are positive on both daily and weekly intervals and oscillators appear ready for a turn.
This pick is in conjunction with CGC and CRON which explains some of the allowance in the set up. My thinking is if CGC is turning around that positive momentum will be whiffed in the air after a major downtrend in 2019. That smell is likely to help both CRON and TLRY for the first bounce off supporting base area. 10% to start and we'll see how this blunt goes....
Dr. RAV
TRADE to win/Trend is your friend...Manage the risk/Makes your success
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.