$tlry Tilray Finds support
Lets hope the recent selling has come to a end as the stock finds support on the POC.
The 7MA may act as a good upside target
2HQ trade ideas
$HEXO is losing its spot on the S&P/TSX Index....Help or Hurt??HEXO road the 50MA all day today
Just crossed the 9MA and about to
cross the 20MA...does this mean
we are about to see a breakout??
What we can say is that the rest of the
MJ Stock Index is also in the same START
position!
Is this a "CALL" to action??
Can MJ CGC CRON APHA ACB TLRY VFF June 15 2020Watching how much followthrough the current bounce can get in order to determine the probability of forming a higher low on the next consolidation vs the probability of rolling over into lower lows and deeper weekly consolidation.
Bullish ascending triangleHello traders, we can see that TLRY is testing the lower channel of the ascending triangle. While the recent news on executives being sued and market dropping had led to this recent drop; I believe TLRY will be able to handle these chain of events. With earnings season around the corner and record pot sales. My outlook is bullish.
Don't Know If I Should Buy Calls, Or Puts LOLI think this still looks bullish, but I just don't know. There are no real indicators showing me that this has another spike. I am watching this one next week.
$TLRYThis reminds me of a young Da Vinci with the art chat; simple, geometrical, scientific.
Strong volume held resistance, forming a Bearish Pennant, broke underneath previous support and closed.
expect continuation, like science, it'll always continue.
"RIP to Da ones that did it first." - Vinci
TLRY - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
This would be a great Buy Opportunity, IF NASDAQ:TLRY breaks up the Resistance at $9.88 !!
$HEXO Earnings are very POSITIVE!Do you see what we see?
Trends are trends...
But Flags are Golden....
Now which way??
Revenues up 30%
Gross margins at 40% (which is excellent)
Operating Expenses DOWN
Expanded Partnership with Molson Coors to
explore US CBD in CO.....
All we can say is that when Revenues go up 30%
from Quarter to Quarter...
ya that is a positive for this stock!
Very interestingAt a minimum to study, it's respecting the 30min descending triangle will it bouce around $9.65ish or blow through down further...
TLRY to end of the weekHolding $11 calls for this week, and $15 calls a few weeks out, a few puts for insurance as well. GLTA!
HEXO weekly reversalHello traders,
Marijuana stocks are gaining significant traction in past few days, as weekly pullback is taking place. The volume has been above average since last few days which means investors are starting to accumulate.
HEXO might be able to go around $1.60 before the earning. Long term target is around $3.
TLRAY INC |Bull Flag | S/R Flip | Clean Trade Setup Today’s Chart - TLRAY INC – Currently consolidating in a bull-flag formation above structural support.
Points to consider:
- Structural support retest (S/R Flip confirmation)
- Bull-flag formation
- Below average volume
- RSI trading above 50
TLRAYs S/R flip has been confirmed with a retest of structural support, the immediate target now structural resistance.
Volume nodes are below average, bulls need to see an influx out of the probable bull flag formation to support the bullish bias
RSI is above 50, showing reasonable strength in the current market
Overall, in my opinion, a bullish breakout is imminent. A long trade will be validated on a retest of the neckline (conservative entry) or a break of the bull flag (aggressive entry) as both technical targets align with structural resistance.
“When you smoke herb, it reveals you to yourself.” – Bob Marley
Tilray swing long Daily chart, Tilray long.
Price is obeying the transagonal support line, meanwhile the EMA25 continues to sweep under price just above the standard support line.
Target your preferred entry reason on a lower timeframe, the 4 hour or 1 hour chart would be fine.
Success!
Can MJ June 8 2020CGC CRON APHA ACB TLRY VFFIt's good to be back!
Most major names are in strong hourly uptrends but in different positions on their daily charts. CGC is weaker, VFF CRON and APHA are stronger, ACB and TLRY are somewhere in between. Bulls not in position are patiently waiting for hourly pullbacks to go long and bears not in position are waiting patiently for clear topfish levels - operative word is patiently due to the increasing bull volume.
