DOA trading Strategy - TLRY#TLRY - Green DOA sniper and meter are firing on Daily chart
We should see a breakout at this wedge before EOW
TLRY trade ideas
Tilray two scenarios Hello! Tilray has been steadily declining since its initial impulse and it is reaching critical levels. Gaps will be filled and we will touch 9 dollars in the next couple of weeks. If 9 dollars holds then we could see a retrace to the trend line ($30). If $9 doesn’t hold then we will go much lower.
Tilray could fill a gap belowI'm looking to start to enter a laddered trade on this name, and hoping that the SAFE banking act gets the go ahead. Probably going to keep my position small as I already have some exposure in this sector in Aurora. Looking for entries inside the gap.
TLRY Long Term Swing Hi Guys , What do you think about my analysis on TLRY right here ,
As we can see from the chart , a huge selling off from TLRY and seller is slowing down ,
with an extra confirmation ,we are seeing a falling wedge chart pattern is forming ,
and also the price is coming back to fill up the previous gap as well as line up nicely with the major support right there ,
now we are looking for a long position but we need an extra confirmation before entering the trade ,
what we are waiting for, right now is a breakout from the falling wedge pattern , or strong bullish candlestick .
if you like this idea , please give it a thumbs up or comment down below thanks !
$TLRY Tilray Bleed to $10.00
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Tilray: Please Stop! 😔😔😔It’s falling and falling and will continue to fall for a little longer. This should go on until a little under $9.73. There, the correction should finally end and new increases should follow.
Be patient!
TLRY Spike StudyJust studying some and figured to put some thoughts to writing, solely for my own friction of thought.
$TLRY's sudden price jump occurred during the formation of a minuette 5 wave, which extended. The steep sell off right after, was pretty scary, but expected at the same time. I am trying to decide if we witnessed an anomaly, or if this insane price action marks the beginning of a reversal. The fact that it was a wave 5 certainly justifies the sell off, but there are several waves of higher degree, that haven't been completed yet.
There are many catalysts for the industry ahead, this year.
There are many catalysts ahead for TLRY, once the merger completes
The spike was caused by a short squeeze, meaning investors were correct to be bag holders, and shorts had to cover their positions
The sell off brought the price back to pre-squeeze levels, and found demand, confirming the above.
So now what?
There are examples of assets that spiked, then traded sideways for a time, before continuing higher. $GRWG is a good example, when it spiked from $2 to $20. If you study that spike, you see a retrace of 50%(ish), 2 months sideways chop and then started on a textbook impulse wave to the current level of $55, with both spike, correction and impulse wave following Elliot Wave Theory to a tee.
Frost and Prechter, page 66, describes behaviour following fifth wave extensions:
"The most important empirically derived rule that can be distilled from our observations of market behaviour is that when the fifth wave of an advance is an extension, the ensuing correction will be sharp and find support at the level of wave 2 of the extension.
As marked on the chart here, you see the extension take off from iii, then plunge back into the ii range that I marked with green. The book continues:
"Sometimes the correction ends there, and sometimes only wave A ends there. Although a limited number of real life examples exist, the precision with which A waves have reversed at this level, is remarkable."
and finally:
"This guideline need not apply when the market is ending a fifth wave at more than one degree, yet the action suggests that we should still view this level as at least potential or temporary support."
For $TLRY, I am quite confident that we ended minuette 5 of minute 3. Even if I got a degree wrong here, we are still looking at minor 3 inside intermediate 3. So, in theory, we still have a series of 4-5's to complete before this primary wave is complete. At the same time, the top of minute 1 is at $9.66, so this asset has lots of room to move.
Trade with caution.
short term +500% (also look at ganja penny stocks +1,000%)Tilray, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products.
Divergence on critical supportClear divergence after bouncing off critical support level. Low risk entry with SL & TP levels marked. As always, safe trading. Let me know your thoughts down below!
TLRY is going down. 30% profit opportunityNASDAQ:TLRY just broke under a massive support level. Most signs are showing that it will go down to the take profit area shown on the chart.
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Tilray $TLRY Set Up For Breakout The chart here really speaks for itself. $TLRY is coming to the end of the Falling Wedge it has been trading in since February and is very likely going to break out to the upside.
We are also seeing higher highs on the RSI while the price is dropping. This is bullish divergence, paired right at support, making this a very clean setup.
A very modest target will be $17 after successful breakout and in my opinion, has room to go higher.
TLRY: Falling WedgeTLRY company completed a falling wedge pattern.
For this company this price it's a bit low and it will increase again.
As are looking the last months the stock market it's suffering in almost all the sectors.
So the move down it's not related to specific stocks.
Targets:
12.20 or 12.90%
14.20 or 31.50%
Thank you and Good Luck!
TLRY - Massive falling wedge brewing Expecting 2 more months of punishment in the MJ sector. Still looking for $10 gap to be filled.. Either way, $36 EOY TP.. GLTALs
TLRY Inverse Head and Shoulders PatternNASDAQ:TLRY is attempting to break out of an inverse head and shoulders pattern. The pattern calls for a measured move target around $13.
Tilray (TLRY) - Sideways to down I suspect we will see another sideways to down week. I suspect more negative news out of China will hinder the SPY. This will lead to more broad sell off. I dont see Tilray moving much upward unless there are positive news on banking and legalization. Any up moves will quickly sell off short term. I may add to my position for cost average down by selling puts, but the premium is vey low.
Holding 20,000 shares at 15.50 cost basis
Cover calls sold over time my cost basis is actually 13.11 at the time of this post
Bull Divs FormingBull Divs have formed on both the RSI and MACD on TLRY. Price is falling into an area where there is strong support. Seems like a massive double bottom pattern is shaping up. This I think is a great longer term hold with a macro trend reversal on the horizon.
Divergences at supportTilray is showing divergences at a zone of confluence. I analyzed the price/volume relation in every timeframe for a long time and I'm impressed again and again. One of my all time favourite long term trades. Let me know your long term price goal if you have one! The last weekly candle is forming a potential hammer which shows rejection from the support zone.
TLRY looking real favorable hereTLRY might have bottomed here. breaking out of its ichimoko cloud and forming a "some what convincing" C&H. Only one way to confirm this. the first 30 mins of the market are my confirmation. If it holds above its bearish ichimoku cloud I will be going out when it breaks out of its consolidation area which is the handle of this pattern. TLRY takes a while to move so leaps are a smarter choice but when this stock moves get ready for a wild move. stop loss would be 11.30. first PT I have for this move is 15 and lastly 18. might hit 25 but not any time soon. might take a few months.
Tilray (TLRY) - Sideways to down Tilray volume is slowing. I suspect we have lower prices ahead. I think it’s reasonable to say we could see 10.
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:
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Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
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