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Tilray Inc (Extended Hours)

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TLRY trade ideas

Get ready to light it up!Pun intended. Weed stocks getting a nice rally with the US elections and several states moving to legalize. Just got above the 200dma. With this latest rally it pushed thru the consolidation over the summer and is retracing now. I expect a test of the top of that as support...and notice the .618-.786 fib lines right up with a gap. This would be a logical place price may test and then move higher. This should be the beginning of wave 3 up. Zoom this out on the daily....all kinds of room for this to move up nicely depending on your timeframe. This is a swing trade for me.
NASDAQ:TLRYLong
by TheHappyCrab
1
And we have BLASTOFF on $TLRY!!!! Where to add...Following our pattern to a T! With the results of the Presidential Election eyes to turn cannabis stocks as potential moves in the Federal guidelines for schedule 1 drugs might change. A buy the rumor type event IMO. Welllllllllll, if you bought the pullback like we suggested you got your money's worth. Pattern called for a nice dip between 5.17 and 5.71 (actual lowest level was 5.29) and then it really took off. High Friday was 12.04 and the a pullback. We think this finished it's wave 3, now in wave 4 and a wave 5 to follow (shown on chart). Wave 4 target ideally is at 8.01, invalidates at red line 7.24. If very bullish can continue extending up or have a shallower retrace. Wave I of 3 should end between 13.79 to 16.56, again typical targets but can extend.
NASDAQ:TLRYLong
by laventa
Looking for the right spot to add to TLRYOk, got our upper level and our pullback. Now where to buy...typically I would be looking for divergences in RSI and MACD along with a lower price for the sweet setup to buy. Price should be in the "box" or between the 61.8 and 38.2 fibs...and with a lower price we should have higher RSI and MACD. So now, this "should" be an A wave, with a B wave higher then a C wave that sets up the divergences. Impatient traders (myself included) will buy in the box, then ride the B and C wave with all the negative emotions that come with it. But it is also a "safer" trade as you don't miss out. As always, have a stop. Stop should be under the final fib, anything below that although tecnichally viable is probably not viable.
NASDAQ:TLRYLong
by laventa
2
Our Stock of the Day / TLRYToday, we will share a long setup; here is the full explanation: a) The price has broken a descending trendline after reaching a support zone and making a reversal movement b) Currently, we can see a corrective structure making a throwback on the broken area c) Based on that, we have set a long setup above the trendline of the corrective structure (check Entry, Take Profit and Stop on the chart) d) We will move our stop loss into break even if the price reaches the yellow line. e) We will risk 1% of our capital on this specific trade f) Remember: Trade Safe, protect your capital, and always understand what you are doing!
NASDAQ:TLRYLong
by ThinkingAntsOk