TLRYCharting parabolic moves is impossible. I've said it before, but made an attempt anyway. The first leg of the correction was predictable and textbook. Right now, we're in a bit of a limbo.
I have abandoned the macro count for now, and will reassess when more data becomes available.
For now, I see a channel, and I am playing for a bounce. Bounce could be impulsive or corrective. Two paths proposed.
TLRY
TLRY about to short-squeeze again?Price-action and volume getting interesting for TLRY, it's seems to be in a peanant which I presume it's bullish because two factors:
- TLRY could be a good long term stock because the cannabis legatization, plus APHA merger
- It has recently reached the highest high since 2018, roughly $76
I will be following this one and APHA closely, this could be the beggining of a huge bullish move!
Good luck investors!
Hanging man in TILRAY..!A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick
TILRAY skyrocketed 1400% in 95 trading days, make it possible for this hanging man pattern to be the Top for the trend.
If you have TILRAY, activate your exit plan.
What is interesting for me is Tilray has all the criteria for hanging man candle
IMO: Put options with risk management could be rewarding..!
Owners Bias#Education
Owner Bias: when you own something you always think it’s value will increase in the future.
To prevent this always do your analysis before entering any trade! When you enter the trade, do not looking for evidence to confirm the decision you made! It is useless and waste of time! You have to look for evidence that contradicts your previous decisions to save your capital and profits!
Previously I wrote”Don’t love your stocks because they don’t fall in love with you”.
Having said that,It will prevent the consequences of feeling worthless when your love (stock, option, commodities)betray you! If you do not have NEUTRAL MINDSET, you will experience all these stages after any loss you make in the market.
The five stages of grief are:
* denial.
* anger.
* bargaining.
* depression.
* acceptance
Last week when for the first time the portfolio ended with loss I feel so bad, but when I look at the evidence, I noticed I finished 5/6 in positive (83.5%), so I’m able to find a way in this big market for the next week!
Copping with your loss makes you stronger..! Believe me!
TLRY enters BUY ZONEAfter a huge run up, TLRY makes it's correction and enters our BUY ZONE. BUY ZONE is between 23.70 and 17.19. Hit the middle on open today and preceded to move up nicely. Might come down to our second level at 17.19 and give us a RSI and MACD divergence, but we take what the market gives us. Next move should be spectacular.
The importance of having a profit protection plan..!
Please review my analysis and all the related links
AMC story of 75% collapse after a +830% move
January 11, 2021
my published idea: AMC price : 2.25
Gain Potential:100-212%
Reward/Risk:7-14
Timeframe: <100 days
January 27: trade close at 19
TYLRY story of 68% collapse after a 175% move
February 3rd, 2021
My published idea on Cannabis stocks
TLRY : skyrocketed 175% in 5 trading days
February 11, 2021(private version for my followers on February 10)
Ask followers to close positions when the price was 63.19
And “IMO: Put options with risk management could be rewarding..!”
Add to TLRY position- divergenceNice opportunity to further add to our TLRY position with this MACDH divergence on the 1 hr chart.
We can keep a fairly wide stop on this one and hold for the short to medium term up to 60's or longer up 50% to all time highs around 150.
This has been a lovely pullback on this great cannabis stock and we still have merger talk doing the rounds.