TILRAY (TLRY) LONG SET UP, TREND REVERSAL TO $154BUY TILRAY
ENTRY 1 16.80
ENTRY 2 18.60
ENTRY 3 19.34
SL 8.00
TP.1 23
TP.2 35
TP.3 48
TP.4 68
TP.5 76
TP.6 96
TP.7 123
TP.8 154
Tilrayinc
Cannabis Stocks Crash /Tilray: Boom And BustTilray is one of the cannabis companies that saw its shares rise massively prior to legalization in Canada, but shares have gone down a lot since then.
Tilray (TLRY) is based in the Vancouver Island town of Nanaimo, Canada, where the company is responsible for
"cultivating and delivering the benefits of medical cannabis safely and reliably," according to its website.
As with much of the marijuana industry, Tilray is losing money as it tries to expand in Canada and globally.
The company has a presence, of some kind, in at least 12 countries. But it has lost money over the past six quarters.
Tilray (TLRY) reported 2019 Q3 results that were mixed with strong medical sales and struggling recreational sales in Canada.
The company sold more than double the amount of cannabis it did last quarter but average pricing also dropped 30%.
More importantly, the company's weaker balance sheet will become its biggest near-term impediment to growth.
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TLRY - TilrayClose to buy zone, also numerous bull divs present and appearing to be in minor last wave (1-5) plus in larger falling wedge. Would look for a buy now in upcoming week.
Tilray Inc Great investment opportunityAfter 85% retracement tilray is hitting the buy zone between $36/$44, it has a revelant support, thet green circle on the left at $36, also showing a bullish divergence on the RSI and completing the Wyckoff market cycle. once it gets above the red line ($54.3) it will acdelerate.
