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TLRY

Another 25-30% drop before true bottom (TLRY)Here is my update on TLRY price action. Previously, I thought $34-$35 was bottom but I did not pay close attention to the weekly RSI. Around 3 June 2019 the weekly RSI did not reach 30 levels or below. Last week RSI got much closer to 30 but I still need to see 1) lower RSI (somewhere below 30) or retesting 30. So, I expect to see a downward trend in price for the next 4-8 weeks and RSI retesting the 25-30 level again. I think the price will go another 25-30% down from current price ($32), and see $24 in the following weeks. We may go a bit higher from now (max up to $35.5, 50% fibs level, but unlikely) before going down to $23-$25. In addition I see a very strong support around $24. Also, pay a close attention to MACD. I see higher Lows! But needs more confirmations. I remain bearish as long as we stay below 21 weekly MA (pink line). Summary: My next buy in price range is $25-$28. Good Luck.
NASDAQ:TLRY
by walekiller
Can Tilray Get Back to over $100?Looking at Tilray with the MACD and Megalodon indicators, we can see a buy signal on the daily for Tilray. Something that we've seen only twice before, both times being the start of significant rise. The Daily MACD doesn't have as much room to turn as did previous signals, however it does look a lot sturdier and supportive. As of right now though, we cannot chase this stock. Looking at the shorter time frame we can see a strong sell signal from the Megalodon. So while I am feeling confident about Tilray in the long term, we must wait for a short term correction to find our buying opportunity. The Megalodon indicator uses a machine learning algorithm, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! You will also receive real time buy and sell signals for the stock market, cryptocurrency, as well as forex markets! We also busy completed our cryptocurrency automated trade bot. It trades for you, using our backtested indicator with phenomenal results! So try it today!!!
NASDAQ:TLRYLong
by RandallGurule
1
$OGI Showing Signs of a Bottom Despite Continued Sector Rout$OGI has held the 200DMA as support the last two trading sessions & on July 15th. Hammer candle was put in on 7/29 followed by a bullish engulfing signal today. OGI current trades at a 10x P/E 2019 revenue and a 3-4x P/E on FY2020 revenue estimates. We see several near-term catalysts for $OGI and feel the stock will benefit immensely once the current industry chaos settles down (CTST, APHA, HEXO, etc) The company announced July 15th, it developed a Rapid-Onset Nano-Emulsification Technology for Cannabis Beverages with an initial onset of 10-15 mins vs 60-90 mins on average. The company also clearly told the market they're actively seeking a beverage partner & is for sale. Management has proven they can execute with positive adjusted EBITDA 4x Qs in a row, minimal dilution to shareholders vs peers, disciplined w/ expenses (No $600M losses here), and a very transparent with investors. $OGI management won't pump the stock & give unrealistic guidance like some of its peers, $OGI is focused on building an operationally sound profitable cannabis company in Canada & Internationally. We expect $OGI to get a lot of attention from institutional & retail investors state-side in 2H 2019 as investors begin to pay more attention to market caps, margins, profit/loss, etc. The industry is maturing very quickly and we believe investors will begin to see $OGI as a Top 3 LP. Time will tell... ***Disclaimer: I am long $OGI. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.***
NASDAQ:OGILong
by cb035
1
Last chance to buy TLRY sub $50!Update on TLRY. Please like/comment if you see value in this post. Thanks. My previous post/analysis/thought is still in tact ( ) I found that the current price action found the blue channel very well. Also, the bottom blue line in that channel is very compatible with the other part of the price chart. I still think any purchase within that green box would be a winner buy and this could be the last chance to buy TLRY below $50. The Fib Circles in green still plays very well. I expect to see another drop as we approach/pass the next green circle and in general I expect to see the price chart follow the channel in blue. ADX and DI looks very healthy and supportive too, the green line is above the red and DI looks like growing (getting more momentum). TLRY finds a good support on 50-day MA as well. Good luck.
NASDAQ:TLRY
by walekiller
TLRY is in accumulation phase, time to BUY!Here is my update on TLRY . Please like/share if you find value in this note: Overall thought: We are in accumulation stage. Bull run has not started yet and it is a good time to buy gradually. I see these: 1) The 21-day MA is breaking the 50-day MA which is a positive sign (bullish). 21-day MA has been below the 50-day MA for almost 245 days! (35 weeks). 2) The TLRY price was able to stay above 50-day MA for 15 days (2 weeks). The last time we were above 50-day MA for 15 days was before 23 October 2018! 3) The price trend is shaping a bullish pattern after the local low of $34.34 around 04Jun19. The sharp slope in price change is getting milder and milder. I showed them with small purple line on the chart. 4) We are going to have a crossover on the MACD indicator on the daily chart (price action might reverse on the daily scale, i.e. temporary downward movement ). To support this, I see a very thin candle with bigger wick on top on the weekly chart (This is another sign of downward movement) 5) The pitchfork lines drawn long time ago is still intact nicely . The current price action is following the bottom channel. That means I do not expect the price go below the thickest red lone. I expect TLRY to move within this channel for a while till it gains enough momentum for an upward move to the the upper channel. Summary: Based on all the 5 facts, I think the price will go slightly down (probably down to the light blue line). Note that there is a possibility to retest the previous bottom (~$35). Also, note that there is a strong resistance level at $44.5. So, we might go down to that level within next days or week then we go back up to retest the upper pitchfork line (shown with the orang arrow). When we go above that line, I will be VEEEERY bullish ! As long as we stay within the lowest pitchfork channel, I think everything is supper healthy and any purchase within that range would be a winner/safe/reasonable buy. Good luck,
NASDAQ:TLRY
by walekiller
3
TLRY Falling Wedge BreakoutDisclaimer: This is not financial advice, so buy at your own risk. I am a shareholder of TLRY for the first time as of a few days ago. I watched this stock IPO and blast off from $30 to over $300 and then quickly melt down just as fast. But now it rests on significant support at around $38.90 based on my technical analysis and I see it slightly broke out of the falling wedge too. I like to hear the opinions of others, regardless of if you agree or disagree. I would like to find more evidence to support or disprove my thesis here. Entry: $39 to $40 range Stop Loss: $35 (or maybe a bit lower so you are inside the channel?) Target: Who knows. Set a trailing stop loss and watch what happens.
NASDAQ:TLRYLong
by Copec
1
Day Trading - Only Strong Trend Days Day Trading - Only Strong Trend Days (Can also be used on HTF) There are generally only 2-5 strong trend days a month. The majority of trading days are some form of trading range days, either within a range or a weak channel which reverses and forms a trading range. On strong trend days the market offers what most traders want - a high probability of a large reward, with a tolerable risk. Usually the risk feels greater (and often is) on a strong trend day because there is a sense of urgency, and the bars are often bigger than normal. On trading range days the bars tend to be smaller, offering what appears to be a lower reward, but there are many more failures and reversals. This makes it very difficult to identify a good setup, and even when there is one the market does not make it very far before there is an opposite reversal. This lures unsuspecting traders in, who continue fighting the market taking every trade or only the losers. This type of market is like a boa constrictor. The more you fight, the more you struggle, the tighter its grip and the harder it is to overcome the draw downs and emotional fatigue. Because these types of days are hard to trade and do not offer what I want (a good chance at a large reward), I choose to sit these days out. Instead, I wait for a strong trend day, and then continue to wait some more for a pullback and my edge. Does this mean I miss out on some good moves? Sure. But I do not care. I trade to win, not to trade for fun. It does not matter what I miss, it only matters what I take and the actions I make in the market. So how does a trader know if the day is a trading range day or likely to become a strong trend day and should be traded? In order to help guide you, here are some common characteristics of a trend day. "......" After the above has been identified - it is still better to wait for a pullback and an edge like a "......." This increases the likelihood of a good trade with a strong traders equation. It also helps decrease stress of prices going against the position as it often does when you just enter at the market or without an edge. Of course, waiting is not easy. Just like Tom Petty said "Waiting is the hardest part!" Does this mean you are less likely to lose? Usually, but not always. Even with trend trades fail, although less often. It is absolutely possible to lose money selling in a bear trend or vice versa. The key is to continue onward, and enter the next with trend trade if there is one. If not, or it also fails, prices are more than likely in a trading range and you just haven't yet realized it. If this is the case, it is often better to stop trading and wait for a strong trend day, rather than continuing to fight the market when it is not offering what you expected. **These ideas and strategies can also be applied to higher time frames and long term investing. "..." = withheld material from original post (members only material). If you found this helpful please like! Feel free to comment or ask questions
by tradersmentality