TLRY Longdaily, wedge Long 1.17 no Stop Target 2.5, 3.3 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account. Longby PlanTradePlanMMUpdated 6
TLRY cannabis stocksHexo turned out to be a bummer pick but TLRY is still remaining Which leads me to believe that the only thing that could cause a price to drop this much and then project this high upwards, has got to be due to federal legalization THC drinks and possibly more. Lots of legal hoops to jump through for states and cannabis and more, but there is good that comes from legalization, meaning research money, meaning jobs, meaning genetics, meaning new ways of grow cannabis and using it that could ultimately be safer to consume vs now, maybe leads to dosages being figured out and effects to be specifically altered per user or use or effect or whatever you want to imagine. Maybe not every state is ready to allow it but it seems across the board, it's a favorable issue for a lot of members of both parties. I've heard trump say, he doesn't need or want to use it but he has seen it do amazing things to help other, I've heard Kamala can help undo damage done during the course of a long a difficult career, and allow people who were simply selling to get by vs selling to commit crime and harm others, which ultimately means, she could probably do some good with the current fentanyl issue. As clearly she is now thinking about it from some views other than her own and how it can be used as a net good. On top of that, it's clear the big companies or execs maybe even pharma companies need a look and a whole lot of questions asked about why cannabis caused the inability to fund through loans, borrow money, pay with credit and more. So TLRY has overseas connections, favorable politics swinging their way through years of work, and drinks infused with THC, which as more research comes out, there might be ways to safely allow bars to serve drinks without someone being unable to get home within a reasonable amount of time. Would this ever occur, maybe, but the important key to take away is open research and money into science and then obviously trying to work with Mexico to literally end cartels (I have deep core ties to Columbia) and Escobar from stories I've heard personally and have no idea if they are true, really took care of the area he controlled, but yeah, he also probably was doing some awful stuff to others. Lesson to learn here is that maybe some evil can be treated with a new direction, but some evil needs two major governments and police/technology and security that both keeps each place within their areas trying to solve a common goal and allowing each other to assist when a task is too difficult to handle on their own or ours. And clearly show the world that Mexico won't allow groups of evil to thrive and America can secure the border by doing it all in Mexico which could then theoretically lead to a an open border discussion, but say what you want. There is a major issue with cocaine usage and literally and knowingly killing other humans to profit, which is maybe evil, and something we could easily do which defense stocks getting obviously so much money pretty much all the time. Again, why can't we help our vets to the point where it's not a issue? And they can seek help without losing status, rank, pay, benefits and more. again, political views aside, America has a bad ass military that runs one hell of task, why aren't we using them to flush out corruption and evil and still find a way to maintain being an ideal view of how the military used to stand up to bad, and maybe we should have listened better should a former president suggest that money can cause an issue where oversight is gone, paraphrasing of course, as it's quite obvious this president have some serious foresight and tried to express that concern. finally, cut anything out of this that you want to make it make sense in your world, but to make short a sweet, legalization allows the states more power, gives institutions power to direct lots of money towards meaningful research, gives avenues where we can actually start to work on the drugs that are laced with awful stuff coming into the country so frequently. And then you figure out who funds it and destroy whatever is left of that system, maybe dismantle is a better term, and start to setup some form of life that means someone in south america shouldn't feel the need to risk their life to leave their home, or why so many innocent people die for "drugs" which is probably a way better start a securing the border. A big wall can still have value in metal, and value can lead to an even better wall for cyber crimes, especially as we head to space. The space force is no joke, It was some well done prep work from former presidents and a realization of how much valuable stuff will be in a space making it targets for "evil" Why do I say all of this, probably because a big first step is exactly the one I mention, legalization, and then locking up or whatever the leader decides is needed at that time. Ideally with a new lens of money being used to manipulate others at will. but my view is just one, I can't say my way is best, right or even possible, but again, legal leads to open freedom in safe environments. In fact, maybe the best person to handle an issue like that is someone who is potentially willing to legalize something that her decisions in the past have led to jail or worse. Longby nicktussing771110
$TLRY possible breaking of the trendIs it possibly the bottom for #TILRAY? On the Daily is breaking the trend, possibly testing the $2.4 area. From there I'll expect a re-test of the FIB 0.618 area of $1.70 and then breaking up again. News are good for #TLRY, hopefully we can keep the momentum.Longby Leandro_P227
TLRY Tilray Brands Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TLRY Tilray Brands prior to the earnings report this week, I would consider purchasing the 1usd strike price in the money Calls with an expiration date of 2024-10-11, for a premium of approximately $0.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptions115
Tilray Brands (TLRY) to Report Q1 FY2025 Results October 10thTilray Brands Inc. (NASDAQ: NASDAQ:TLRY ), a global lifestyle and consumer packaged goods giant, is set to announce its Q1 Fiscal Year 2025 financial results on October 10, 2024. As the market eagerly anticipates the latest earnings report, let's dive into the company's recent performance, its strategic acquisition moves, and the stock's technical outlook, which offer both opportunities and potential risks for investors. Overview Tilray (NASDAQ: NASDAQ:TLRY ) has been making waves in both the cannabis and beverage industries, diversifying its portfolio and expanding its reach globally. Most notably, Tilray has completed the acquisition of Atwater Brewery from Molson Coors Beverage Company, further cementing its position in the craft beer industry. The acquisition adds Atwater Brewery, a historic Michigan-based craft brewery, to Tilray's growing list of premium brands, which includes SweetWater Brewing Company, Montauk Brewing Company, and more. According to Tilray’s CEO, Irwin D. Simon, this acquisition enhances the company's presence in the Great Lakes region and strengthens its distribution channels. Tilray aims to leverage its resources to grow Atwater’s brand and introduce its signature brews to more beer enthusiasts across the U.S. Financially, Tilray has shown strong revenue growth, reporting a 25.80% increase in revenue for FY2024, bringing in $788.94 million compared to $627.12 million the previous year. However, challenges persist on the profitability front, as the company posted losses of -$244.98 million, which, while substantial, are an 83.14% improvement compared to its previous year’s loss. This signals Tilray is making efforts to reduce its financial burden, though it has not yet reached profitability. Analyst Sentiment and Stock Price Forecast The average analyst sentiment for Tilray Brands’ stock is “Hold,” with a 12-month price target of $2.00. Currently trading at $1.70, this represents an expected 17.65% upside, a modest gain but potentially compelling for those seeking short- to medium-term investment opportunities. It’s worth noting that Tilray (NASDAQ: NASDAQ:TLRY ) operates in an industry marked by volatility, as it juggles both the cannabis and consumer packaged goods markets. This makes its future growth trajectory dependent on various regulatory developments and the company’s ability to continue expanding into new markets and sectors. Technical Analysis: Key Levels to Watch From a technical perspective, NASDAQ:TLRY has seen a modest recovery, trading up 1.18% in premarket trading on Friday. The stock had previously been in a downward trend, but recent price action signals a potential shift. Relative Strength Index (RSI) Currently sits at 45.58, the RSI indicates that the stock is neither overbought nor oversold. This suggests that while there’s some weakness, it also provides an opportunity for investors to capitalize on potential upside if a breakout occurs. Support and Resistance Levels: Tilray's stock finds support at $1.50. Should the stock dip below this level, we may see a return to bearish momentum. Conversely, resistance at $2.00 serves as the next key level to break. If the stock can break through this resistance, it may attract new momentum traders and long-term investors, pushing it higher. While the stock has recently bounced off support, the overall trend remains weak. Investors should closely monitor the stock’s movement approaching its Q1 results, as a move above or below the critical $1.50 support could signal further action. Upcoming Earnings & Potential Catalysts With the Q1 FY2025 earnings release scheduled for October 10, 2024, investors will be watching for several key metrics: Revenue growth, particularly how the Atwater Brewery acquisition has impacted the top line. Cost reduction efforts, as Tilray continues to narrow its losses. Any updates on expansion plans, particularly in the cannabis market, which could provide a catalyst for stock price appreciation. Additionally, Tilray’s diverse portfolio in cannabis, beverages, and consumer packaged goods offers multiple streams of revenue, which provides a level of insulation against market-specific headwinds. However, its success in achieving profitability and growing margins will remain critical for future stock price appreciation. Conclusion: Opportunity With Caution Tilray Brands (NASDAQ: NASDAQ:TLRY ) presents an interesting investment case with its significant growth potential driven by acquisitions and a diversified product line. However, the company is still facing financial hurdles, and its stock reflects ongoing volatility in the broader cannabis and consumer goods sectors. For short-term traders, the current technical setup offers an opportunity to capitalize on a breakout above $2.00 or a potential pullback to the $1.50 support level. Long-term investors should focus on the company’s Q1 earnings and any signals that point toward sustained revenue growth and eventual profitability. While Tilray’s stock is currently rated a Hold by analysts, its acquisition strategy and diversified portfolio position it as a potential turnaround candidate, making it a stock worth watching closely as Q1 results are unveiled.Longby DEXWireNews10
TLRY - Start Of The Bull Market 🔥 ?Is this the start of the bull market for TLRY ? There are plenty of signals to suggest that it is about to begin... 🔥 Not advice Long16:11by dRends35Updated 101055
Can we finally rip to $2.50 and higher ?Here's what I see for Tilray. Looks like we're in major wave 3 and I expect price to top out at around $2.50 -$2.60 and close the gap from April. From there it should retrace to slightly above $2 and then rip higher. Longby MoneyForNothingAndPipsForFree229
Headed Higher Through 2.15 and 2.97The corrective pattern developing in wave (2) has been stubbornly pervasive for nearly an entire year but recent price action would suggest the end of wave (2) has finally come. It appears that wave C of (2) developed as a neat and textbook ending diagonal with a perfect reversal from our downside limit of 1.50 (the wave (1) origin). Ending diagonals typically imply swift and sizable reversals and price should now begin to develop higher in an impulsive manner through 2.15 and 2.97 in wave 3 of (3) against the 1.50 low. A violation of 1.50 voids the bullish forecast.Longby PhiWaveCapital338
TILRAY RETRACEMENT A retracement does not imply a change in the trend, but rather a temporary pause or pullback. A retracement does not invalidate the previous trend. It confirms the trend, as the price resumes its original direction after the retracement. Lower prices are an estimate but do not mean there has to be a retracement. They do reject many times depending on volume. Longby The_ForexX_Mindset226
$TLRY - Can it breakout?NASDAQ:TLRY Looks good for a potential triangle breakout. Targets: $2.62 $3.37 $4.43Longby PaperBozz7
Tilray Brands, Inc. Goes Bullish? Best Prices In 6 Years!People should be able to smoke whatever they want, that's for sure but I understand why cocaine was banned in the United States in the early 20th century, people were too high and getting out of control... It should be controlled that's for sure but not necessarily made illegal. Ok, we are going into technical analysis as nobody cares about opinions. TLRY seems extremely bullish right now, or least it is preparing for something so it would be interesting to look at the fundamentals for this stock or the cannabis industry as a whole. TLRY produced a double-bottom this week to the cent compared to a year ago. TLRY hit a low of $1.50 in June 2023 and this exact same price was hit this week, August 2024. It is amazing. As this support level was hit buying quickly followed and now we have a session/candle with a long lower wick and a small real body. A bullish candle but the week is not over, it is only getting started actually. This type of candle coupled with the long-term double-bottom, good volume and long-term consolidation pattern can precede a bull-market. So something is about to change for this company or industry. Even if this stock experiences lower prices in the coming weeks and months, it is likely that a trend reversal will happen soon. The thing has been crashing since September 2018 and change seems imminent now. This is only my speculative opinion based on chart data. What actually happens is for the market to decide. I am bullish on charts like this one because I like to buy low/near support. It is the best time to buy because once you have a good entry, you can withstand the swings, market reactions and shakeouts that invariably happen when a trend develops. I am not telling people to smoke weed but TLRY is now looking bullish; the best prices in six years... Lucky? We won't know until after the event. Thanks a lot for your continued support. This is an interesting chart. Namaste.Longby AlanSantana141438
TLRY Long 7/13/24Tilray has developed a series of very deep second waves following the completion of wave (1). Despite this, price has nonetheless adhered to the proper Elliot wave form and has begun to turn from the crucial 1.60 level. If the forecast for a third wave of a third wave is correct, prices should very rapidly begin pushing higher through at least 2.97 and 5.12 against 1.60.Longby PhiWaveCapitalUpdated 2217
TLRY Tilray Brands Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TLRY Tilray Brands prior to the earnings report this week, I would consider purchasing the 2.50usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $0.29. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptionsUpdated 227
tlry longbroke the latest downtrend, stuck in the box, see if it goes for it nowLongby Thundertoes306
TLRY pivotal pointEither goes up or down from here :) might be a false break and then shoot back up? Thats my hope.by Thundertoes30225
TLRY bottom and reversal?Tilray appears to have stopped bleeding and hit the bottom. Talks on capital hill may be enough to start a rally. RSI appears to be heading bullish. Resistance at the 2.50-2.60 rangeLongby FollowTheCoin9
TILRAY DUE FOR A BOUNCE???As you can see on the chart NASDAQ:TLRY has been bouncing off of the purple trend line since 2023. I think it is due for a pump. Longby Coin_Blast11
TLRY | Time for MJ to POP! | LONGTilray Brands, Inc. is a global cannabis-lifestyle and consumer packaged goods company, which focuses on medical cannabis research and the cultivation, processing, and distribution of cannabis products worldwide. It operates through the followings segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, and Wellness Business. The company was founded on January 24, 2018 and is headquartered in Leamington, Canada.Longby DivergenceSeeker3312
TLRY and its peers jump on high federal news catalyst LONGTLRY on the 2H sharge shows a draamatic trading response to the DOJ recommending the reclassification of marijuana. No much to the analysis = these will have momentum until it fades. I suspect good continuation plays here until mid -day on Friday when profit taking and sell-offs will dominate. Short sellers will take positions at the tops as well. In the meanwhile long trades are the low lying fruit.. The risk is a bit lessens by the surge from the news. Others include SNDL, OGI , ACB and the ETF MJ for those who like to spread risk across a basket of stocks. For the time being these stocks will be truly buzzed but do not be late. Stay home if you are.Longby AwesomeAvaniUpdated 121212
TLRY Cannabis Stocks accumulation zoneWith cannabis legalization on the horizon in the us and the current support found at 2.00-1.90 for Tilray brands price, looking at our indicators we can see that the RSI is very oversold and could be looking for a potential reversal. We have also tested multiple times the price below 2.00 with out it being there for long. Longby Ruli16905
TLRY big 3.35 ResistanceTLRY has resistance cloud that also aligns 3.35 strong resistance, consolidation for few more days/weeks. Once the 3.35 resistance is taken out then 4.49 and 9.97.Longby krisjans8
Tilray Long Breakout NOW?!Hello guys, taking a closer look at Tilray, things look like blue skies to me right now. Tilray seems to have build out a beautiful 1-2 Setup now, with a third wave following next reaching likely the extension target 1.618 which is a +- 100% move in this wave 3. Afterwards a slight pullback in a wave 4, followed by a wave 5 is next in my opinion. Enjoy buying that low as long as it is possible fellas. Enjoy your days, & trade safe. - Your Mr.MoMoneyLongby MrMoMoney3314
looks ready for a bounceI just bought 4k shares and some June & Sept $2 lotto calls, Not really liking what I'm seeing here overall, but seems like it's at the bottom of the channel/oversold. Hopefully we are close to an answer about DEA rescheduling - which could drive a breakout from this symmetrical triangle. Risky Longby sonidofrankoUpdated 888