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Tilray

Is MJ about to get high?Marijuana stocks have been on the decline for a while, but things may soon start turning around. Last month, the House Judiciary Committee advanced HR 3617 or (MORE) Act of 2021, a bill that repeals the long-standing federal prohibition of marijuana by removing it from the Controlled Substances Act — thereby ending the existing state/federal conflict in cannabis policies and providing state governments with greater authority to regulate marijuana-related activities, including retail sales. What the MORE Act Does: The legislation’s provisions remove marijuana from the federal Controlled Substances Act — thereby eliminating the existing conflict between state and federal marijuana laws and providing states with the authority to be the primary arbiters of cannabis policy within their jurisdictions. If passed HR 3617 would facilitate the expungement of low-level federal marijuana convictions, create pathways for ownership opportunities in the emerging regulated industry, and allow veterans to obtain medical cannabis among other things. Source I chose MJ to gain exposure to the global cannabis industry. AUM: 1 Billion TOP 10 FUND HOLDINGS (%) Grow Generation Corp: 9.66 Tilray Inc: 9.43 Canopy Growth Corp: 7.80 Aurora Cannabis Inc: 6.61 Cronos Group Inc: 6.42 Hexo Corp: 4.76 Organigram Hldgs Inc: 4.20 Village Farms Intl Inc: 3.92 22nd Centy Group Inc: 3.46 Arena Pharmaceuticals Inc: 3.26 Prospectus Fact Sheet Holdings Technicals Price action and RSI diverging for the past three months with PA finding support at about $14.00 since the bill was advanced RSI moving to potentially break above 50 and could correspond to a breakout of the descending wedge Price holding at about the Fib Extension level of 61.8%, will watch these levels closely as PA advances or declines The Trade With confidence that there will be further potential bullish sentiment for the cannabis industry on the horizon, I will be preempting a breakout and taking a position at current levels. Bull Case TP1 set at about $17.50 TP2 set at about $25 Anticipate resistance at about $16-$17 Will be watching price action closely below the $17.50 region as a substantial pullback could fill out a possible right shoulder of a head and shoulders pattern before retesting trend line and breaking low. Bear Case Price action rejection at resistance level at around $15.50 could push price down and make lower lows on the daily chart If a price drop occurs, I will be watching for support at around the $13.50 region or Fib 50% level Will look to exit position if weekly close is below $13.00 with RSI levels pushing down to or below 38.2 Approximate risk of loss on trade from current levels is about 12%-15%
AMEX:MJLong
by spreck
3
TILRAY ROCKET HIGH TODAY +16% This is not an advice just a note for myself to remember. Months it was low and today it flew 16% up to 11.83 (came from prox 10) It had no pullback and no backtest of the opening which TIlray normally does. This makes me wonder if this high is sustainable. I think it will not go that easy tomorrow to 15 or higher....I think it will test the opening price once more. Or at least test 50% of this rise of 16%. I am afraid to buy more because it can drop very fast. Tilray does not have good numbers only good news of legalisation and some products possible with cannabis in it.....I don't see a further rise this easy. Feel free to share your point of view with me or share a nice analysis with me. I know the price is very far from the ATH -75% i think.
NASDAQ:TLRY
by megustadinerow
2
TLRY: Time to get high?Just bought Tilray🌿 stocks @ 12.22, currently at trendlines & previous significant high confluence. Price needs to break up the red falling wedge. Target 122 which means 10x. The blue uptrendline on log scale (imo false break down) and also higher volume this year shown below: Please like👍, comment🗣️, follow me✒️, enjoy📺! Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence. NASDAQ:TLRY TSX:TLRY CAPITALCOM:TLRY FTX:TLRYUSD SIX:2HQ NEO:TLRY SWB:2HQ XETR:2HQ FWB:2HQ MUN:2HQ HAM:2HQ HAN:2HQ BER:2HQ FTX:TLRY0924 NASDAQ:NDAQ OANDA:NAS100USD CURRENCYCOM:US100
NASDAQ:TLRYLong
by bizmark
2
TLRY Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
NASDAQ:TLRYLong
by hadimozayan
CGC - Your chance to feel good about your weed addictionThis is truly, your one and only chance to prove to your wife that your weed addiction is paying off. After awhile, she will join you, don't worry. You are just an early crusader, the pilgrim, the visionary and she doesn't know who she really married - THE LEGEND. This is your chance fellas don't blow it. I mean look at this beauty. I am holding this bag until it reached at least $100 and then $120. Options - F that. Buy and hold. If you want to get into a growing market - this is it. Do you know how many people out there have never tried it? Do you know what happens after they try it? A huge line around the corner waiting to get in the MedMen store - the Apple of cannabis. Watch Tilray, CGC, Medmen, etc, closely.
NASDAQ:CGCLong
by bossmodetrader
2
TILRAY - TLRY - BullishI was contacted by a concerned investor, here's some reassurance. I've been interested in the booming Cannabis industry within the US & Canada - It's only a matter of time before more countries start to realise the medicinal properties of this. Previous Close 12.83 Open 12.93 Bid 13.08 x 1300 Ask 13.09 x 1400 Day's Range 12.80 - 13.17 52 Week Range 4.41 - 67.00 Volume 7,612,316 Avg. Volume 24,820,344 Market Cap 5.903B EPS (TTM) -1.36 Earnings Date Nov 08, 2021 - Nov 12, 2021 1y Target Est 17.60+ Holders 4.68% of Shares Held by All Insider 12.48% of Shares Held by Institutions 13.09% of Float Held by Institutions 401 Number of Institutions Holding Shares NASDAQ:TLRY TSX:TLRY CAPITALCOM:TLRY FTX:TLRYUSD SIX:2HQ NEO:TLRY SWB:2HQ XETR:2HQ FWB:2HQ MUN:2HQ HAM:2HQ HAN:2HQ BER:2HQ FTX:TLRY0924 NASDAQ:NDAQ OANDA:NAS100USD CURRENCYCOM:US100
NASDAQ:TLRYLong
by MaverickTrading
TILRAY SHORT TERM OPPORTUNITY Tilray is a Canadian pharmaceutical and cannabis company, incorporated in the United States with primary operations headquartered in Toronto, Ontario. Tilray also has operations in Australia, New Zealand, Germany, Portugal, and Latin America. Second asset of the cannabis sector analyzed. Bullish divergence on the daily timeframe flanked by a double top that heralds a probable bullish bottom. Target price $ 17 - $ 21. Take into account the riskiness of the sector when managing this asset. Plenty of room for maneuver for various investment strategies.
CAPITALCOM:TLRYLong
by UnknownUnicorn25541012
First Time In A Long Time For TLRYFirst time in a long time that TLRY failed to close above its 200DMA. Despite this, it remains consistently trading around the 786 fib over the last few months. Without any fundamental catalyst, it really could depend on that industry at large. I think the whole MJ Bill was a buy the rumor/sell the news for what it's worth. Not a whole lot of range on the move leading up to that headline. But since it broke below the 200 for the first time in a while, volume (bullish volume) is going to be something to monitor for, closely if this is on your list, short term. These are the levels to keep track of on a larger scale. "With so many states and countries riding the legal cannabis wave, the discussion surrounding federal marijuana legalization in the US is changing. More proposals are getting submitted, and more conversations are happening. Whether this next step results in a real bill is to be seen. But what we can say is that the speculative nature of the cannabis industry tends to feed off of the unknown. So if marijuana penny stocks are on your list right now, keep this in mind, and volatility can play its role in bullish and bearish sentiment-driven trading." Quote Source: Best Penny Stocks To Buy Before Marijuana Legalization? 4 To Watch Now
NASDAQ:TLRY
by PennyStocks101