the dip continues tlry still being held back by extreme trend resistance, in my last analysis I gave a price target of 5-6 and got hate from many people here on tradingview..
anyways, every target was hit! a move below 5 will send it to 2.6. a break above trendline could send it on a parabolic rally.
like and follow for more! 💘
2HQ trade ideas
Time to buy the dipFalling wedge reversal pattern.
Still not very experienced with Elliott Wave Theory, but I do believe there is a crystal clear 5-3-5 ABC pattern close to completing.
Price is situated on very strong support spanning the past year and a half.
MACD attempting to cross bull.
RSI on weekly has broken slightly below 40 RSI which was historically very strong resistance.
With earnings right around the corner, keep an eye on this and ACB.
Tilray found a bottom? Tilray shot back up above the moving average. We may be getting a relief rally to resistance as the cannabis market has been getting absolutely killed. The industry is waiting on US gov movement on cannabis legality. Once we get some approvals this stock will strap itself to a rocket.
TP ~$9.66
I have bids in the $6 range.
Let’s see if TLRY can go to at least $9…Tilray Inc. shares on Monday gained back some of their recent losses after the Canadian cannabis producer posted a narrower-than-expected loss and played up its prospects for expansion into Europe and in beverages.
Tilray CEO Irwin Simon told MarketWatch the company would consider acquisitions of companies that will add to earnings, but not businesses that are burning cash. M&A deals could help Tilray achieve its target of 20% to 30% market share in Canada.
“There’s got to be consolidation in the Canadian market because there are just too many LPs (licensed producers),” he said. “The question is whether an acquisition would be synergistic.”
Simon said he’d rather issue equity to buy an accretive company, than issue fresh debt. “I’m not a big proponent of debt…partly because I’m conservative and interest rates could go up,” he said. “Debt has to be paid back.”
Turning to the company’s second-quarter results, Tilray TLRY TLRY said it lost $201,000 or zero cents a share, compared to a loss of $99.9 million, or 41 cents a share, in the year-ago period.
Revenue increased to $155.15 million from $129.46 million.
Tilray (NASDAQ: $TLRY) Topping Headlines Today Across All Media!Tilray, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products. The company operates through five segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, Wellness Business, and Business Under Development. It provides medical and adult-use cannabis products; pharmaceutical and wellness products; beverage alcohol products; and hemp-based food and other wellness products. The company offers its products to retailers, wholesalers, patients, physicians, pharmacies, clinics, hospitals, governments, and researchers. It has operations in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company was formerly known as Aphria Inc. Tilray, Inc. was incorporated in 2018 and is based in New York, New York.
TLRY - Will Go Sub $4 !TLRY accelerating down, I had previously thought it may settle in retracement but it is certainly not.
This PA I think is a cycle ABC - still an aftershock rippling from that wild rally up to $300.
This is a good stock imo but them waves do lash.
First target $3.5.
See you there.
Chronicle Logical GainsFound this beat up old emerald mine collecting dust. Time to keep those puffy eyes peeled for the imminent breakout. For starters there is a classic diverging MACD tilting upward into price decline.
Now taking a look a volume it's clear where traders have come in before. More often then not these levels are reactive so could be a move coming. Should that break lead to the next rally then there is a nice 100% gain to be had at the target above
In addition the weekly chart shows momentum starting to curl up and there is another level to mind
Does TLRY have more selling in it's future?TLRY is a long term buy in my opinion, but I don't think we have reached the end of selling for this stock. Due to no cannabis legislation being passed and no foreseen legislation being passed any time soon, this stock has been nothing short of anemic since Feb 2021. I believe we touch 3.70 before the buyers ever come back into play.
Not financial advice
TLRY: Critical Support @ ~7.50, with Room to DeclineIgnore the rocketship emojis and people that are clearly using TLRY's products before posting analysis. We're at a critical support level, pre-2021 hype accumulation from meme-age. If it holds 7.50, great, it may not decline further. Sell volume seems to have tapered off, and while risky, we could be at a good entry. However, the synergies promised by Aphria have not been fully realized, and TLRY has shown willingness to dilute existing shares in order to continue aggressive acquisitions.
Tight stops and careful plays if you're entering; I'm bag holding from too long ago not following my own advice. Good luck. Not a financial advisor, I do have a position in TLRY that's been my worst play of the year.
TLRY accumulation phasetlry is in the middle of the accumulation phase
the stock is a trailblazer in the cannabis industry and will benefit greatly from the aupheria of the wave of legalization in the coming years.
I will buy more month after month. My purchase zones are initially between 2.5 and 12.-
It will be over soon. I hope !!!I hope I am wrong but it looks like it will go down more before bounce back up. Many people got caught including me thinking brokeout the downtrend but it was a false call. I think It will go down to 7.87 before bounce back up. This is not a suggestion it is just my prediction.
MM's decide whenever they want to use news and It is their world so far they are not showing any mercy but I think they started buying today and downtrend could be over soon. I think Monday or latest tuesday market sell of should be over.
News means nothing if they don't want this to go up and so far they just ignore possible positive news and once they are done than you will start seeing news back infront of you.
I am not a professional so Please you decide what is wright for you. I maybe completely wrong.