TLRY - About to rise up?Tilray is in a nice descending triangle, RSI is prime with MACD crossing over. This is not trading advice
2HQ trade ideas
$20ish for a deadcat bounce play if the market remains strongAfter years of political opposition, the republicans are finally out of the way. If the market remains strong, this could be a nice opportunity to add shares, preferably around $20.00--but not a full position.
The trend is down, but in the short to medium term, you might see some deadcat bounce activity. TLRY is a popular stock, and it appears to be highly manipulated. Mid to long term, favorable news about legislation could drive whales to accumulate larger positions
Just an idea of course. Invest @ your own discretion, lol.
Cheers
TLRY WXYXZ into Wave 5?TLRY WXYXZ into Wave 5?
$92 target. Bought friday with my stop under the low.
We'll see what happens
What you think? Markets done correcting and going for new highs, because stimulace?
Happy trading traders
TILRAY SHORTPrice traded in consolidation before the breakout to the upside. Currenlty, price is in a pullback. We could see price making a small rally before continuation of downtrend to the re-test area
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.
Cannabis Stocks: Blood in the streets will continueTilray $TLRY Canopy Growth $CGC and Aurora Cannabis $ACB are all going to continue lower over the next few months as their values realign with basic fundamentals. Looking for Tilray to hit about $7.50 in the next few months. In the meantime, there are plenty of excellent companies that a prudent investor could get into after the selling ends.
TLRY Still as ProposedExtreme ranges here. Day traders paradise. These swings are 30% each way. So much profit, trading the range.
Anyways, this looks like it is holding during the indices correcting. When indices bounce, we should see a nice rally.
TLRY prediction 04.03.2021No trading advice, I'm just a smooth brained ape, don't listen to me.
But leave banana if you like drawing.
Ascending Triangle on TilrayHello everyone,
So TILRAY is in a down trend.
However I see an ascending triangle. Resistance is 27.37, support is in an uptrend.
I think we will see an outbreak up to PT 31,12. Volume should support the outbreak.
However if it breaks underneath the support trendline, we will see 21 - 23.
This is my second Technical Analyse ever.
Please feel free to leave a comment and give me advice/feedback.
Have a nice evening,
Lorenzo
(Utrecht, Netherlands)
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!
TLRY upcoming breakout. The 9 and 20 EMA converge on a S/R level, while riding a trendline to make and an ascending triangle. BULLISH. Potential breakout to $29-29.50 range.
TLRY looks like will have a short squeeze soonTlry looks so bullish now, it's accumulating and waiting to thrust to the upside like a beast
TLRYSorry. Maybe this will be of some help/clarify.
First those not familiar with pitchforks, allow me to explain:
The pitchfork can help us time our entries and exits. When price hits the bottom of the pitchfork, it may signal a good entry, while touching the top of the pitchfork may indicate a sell/short opportunity.
Additionally, the savvy investor may use the pitchfork and place stop losses right beneath the structure, knowing price action breaking beneath the bottom line indicates a trend change.
In any trend, it is considered healthy for price to jump around inside the pitchfork, touching the median line when it does. Price, in general, loves that middle or ‘median’ line. No one knows exactly why, but’s it’s cool we don’t judge here.
Obviously, price doesn’t stay right on top of the median, rather, it fluctuates; but for the sake of argument, look at the median line as a ‘magnet’ to which price is attracted.
Conversely, if price bounces off of the bottom line and turn towards the median, but fails to reach the median, this could indicate weakness in the security.
Using oscillators like RSI can help you gauge overbought/oversold conditions.
How do you draw it? Easy. Find your move (as always the larger the time frame, the more likely your analysis will be effective) ID the lowest point of ‘the move’ (P1). Next find the high (p2). Lastly, find the reaction low (p3). Let @TradingView do the rest.
I have to give it to them, they’ve come along way in the last year when it comes to the mobile app. Now, instead of having to scroll through the tools, which is tedious, you can use the pop up context menu to select the different pitchfork types! Love TV- keep it up!
I like smoking pot. I also enjoy vaping pot. Hell, i enjoy eating pot
If only I had spent all my pot money on investing in pot...
/tableflip
\unflip
TLRY Amazing WedgeTLRY looks great. Perfect wedge forming. Bottom of trendline. We could see a great move up. Need some volume.
