HEXO to 0.10$ then rally to 50$ + ?I think that HEXO is close to a bottom. 0.10$ possible aka 2.618 fib level possible as it coincides with a 1.618 projection of the AB segment.
I think that HEXO would rally from there if it doesn't rally before.
2HQ trade ideas
No rest for Tilray?Tilray
Short Term - We look to Sell at 5.33 (stop at 5.87)
Our outlook is bullish. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. The hourly chart technicals suggests further upside before the downtrend returns. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 3.92 and 3.18
Resistance: 5.50 / 8.50 / 15.00
Support: 4.00 / 3.00 / 2.00
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TLRYSEE ORIGINAL WITH DWEB ON.
Compton showing the first touch of the bottom line. This could mean it's already oversold though being it's the first time in this territory I use caution because there could be a bit of discovery along the bottom line.
DWEB indicator - simply marked next levels that will hold support / areas of balance. This is not a time to get greedy but a good time to plan for being greedy.
Tell Ray to...I mean Tilray...Tilray Brands, Inc. NASDAQ:TLRY
Tell Ray to...I mean Tilray... okay, okay, okay. Tilray got himself in a descending triangle. My question to you is-Will Tilray get up and leave or will he fall down to his knees?
Well, I've cooked up an answer of my own after analyzing the information he provided on the daily chart. My findings are recorded below.
Pattern Identified- A descending triangle was identified on the daily chart for TLRY.
www.tradingview.com
Position Explained-Bullish divergence on the daily time frame. TLRY is currently in a downward trend. However, it is in a buy zone. Both the RSI and OBV indicators are pointing up at time of this post (after market hours 28 April 2022).
Peace and Prosperity,
Al
*******This is not financial advice.**************This is not financial advice.**************This is not financial advice.*******
TILRAY LONG1. weekly divergence
2. Daily structure is broke ** look the screen shot **
3. A reversal is more likely to happen
4. Am looking to buy near 5$ ish or 4,20 ;)
5. TP on chart
Say Hello Walter...Boy oh boy... Walter is sure done trying to tell you guys. Can you say cup and handle?
Long entry Descent earnings, one of the biggest MJ companies, looking for a reversal with an inverse head and shoulders, testing original head demand, this if successful will be one of the best price entries of all time.
🌿 #hodlLong it for a bong hit
This is more of a longer term position on the cannabis stocks, which used to be rolling it quite a while back...
Its the same old theory - buy what no one else does, look where no one else looks
TilrayTilray a cannabis company from Canada, interesting position currently with share price struggling since IPO, However price has come back to this area of fair price and a move above $7 could cause price too shoot higher. Tilray are generally becoming more profitable slowly and surely, we could look to the Senate to open up Cannabis for continuation of TLRY rally over the next few months and years.
TLRY ThesisI have a bullish bias on TLRY. With the pending approval of federal legalization, we could see a huge increase in valuation. Not only am I fundamentally bullish, but I am also technically bullish. It is sitting at the golden pocket Fibonacci retracement level and could see large order flow coming in soon. Overall, seems like a good investment. As usual, this isn't investment advice. Do your own DD and risk what you're okay with losing.
$TLRY is a BUY!!!$TLRY appears to have bottomed,
This dip looks like an excellent buy opportunity at $6.35
Target 1 $10.6
Target 2 $16
Target 3 $27
I've called cannabis bottom in previous cycles. Hopefully I'm right again,
Moonbound, godspeed :)
TLRY___Buy___Long PositionTilray Inc.
Showing earnings today, very positive
Reverse on the downtrend
Showing buy signs on the indicators
Good perspectives for the future
Tilray Earnings SetupRecently my eye has been on pot stocks and the broad ETF AMEX:MJ for signs of life. Most seem to have forgotten about these stocks after years of disappointment. That's when I get interested.
On a down day in the stock market at large Tilray NASDAQ:TLRY is UP on earnings. More importantly from a technical analysis standpoint the price had a beautiful hold prior to earnings of the 50% Retracement level of the March rally. This is the same March rally in pot stocks I have noticed above the board. While this opportunity may have passed with earnings it gives a glimpse into possible downtrend reversal.
I will be watching this post-earnings price action for a setup.
Pot stocks as a theme are now on my radar and they should be on yours as well.
CANNABIS: What Do You Need To Know About Cannabis Legalization?CANNABIS: What Do You Need To Know About Cannabis Legalization?
After so many times the House passes landmark marijuana legalization bill"
That is wonderful news when it comes to the cannabis industry.
Considering the fact that with the actual situation they are covering only 3% of the market.
With the complete process of legalization, It is already calculated that they will have
an increase in the actual demand by 6 times higher.
Big war between the companies is done for California, one of the biggest consumers of Cannabis in different ways.
On the other hand, the actual California market is very active when it comes to Cannabis as all the demand is covered on
the black market. So in reality the companies will sell it in the light of the sun for personal and medical use as well.
“This landmark legislation is one of the most important criminal justice reform bills in recent history,” House Speaker Nancy Pelosi, D-Calif., said in remarks.
What should we be careful about when marketing cannabis companies?
Prospects for passing such a bill in the Senate appear to be low because Democrats would need all of their members and 10 Republicans to overcome a 60-vote hurdle needed to advance to a final vote.
Technical Analysis:
Considering all the positive development and the technical perspective that is already supporting the bullish movement
we can see CANNABIS moving higher over the next weeks.
However, we need to be very careful in this trading as it looks more like gambling right now as the market is waiting for Senate approval.
🟠This is for all the followers who are asking me how to trade cannabis now?
You should be careful as CANNABIS should be approved in Senate as well.
Probably you can risk and buy Options in this situation.
In the worst scenario, you will have to lose only a specific amount of money and not be blocked on Cannabis shares or probably you can lose also big amounts at this moment as the price is frozen.
🟠This is not trading advice at all...it is only what I am actually doing now where the price has stopped moving.
Thank you and Good Luck!
Previous analysis 1:
Previous analysis 2:
$tlry #stock gap filled here as we told you..tilary stock filled the gap as I told you!
sndl is the next..
disclaimer
long on TRLYgreat opportunity for LONG TERM INVESTMENT!
the MPA at the moment is very low. great moment to buy this stock!
please check fundamentals!
make sure to use proper risk management and don't miss the returns!\
(this is no financial advise)
TLRY | CANNABIS | The House passed legislation | NEXT???☘️House passes landmark marijuana legalization bill -As reported by CNBC
WASHINGTON — The House passed legislation Friday that would legalize marijuana nationwide, eliminating criminal penalties for anyone who manufactures, distributes, or possesses the substance.
Lawmakers approved the measure in a 220-204 vote.
The legislation dubbed the Marijuana Opportunity Reinvestment and Expungement Act, passed in the House last year, but did not move forward in the Senate.
The tax would begin at 5 percent and eventually increase to 8 percent.
Funding raised through the tax would go toward a fund to provide job training, mentoring, substance-use treatment, legal aid, re-entry services, and youth recreation programs.
“This landmark legislation is one of the most important criminal justice reform bills in recent history,” House Speaker Nancy Pelosi, D-Calif., said in remarks.
Thirty-seven states and Washington, D.C. have enacted laws legalizing medical marijuana , with 18 states and D.C. legalizing marijuana for recreational purposes
The next and most important step is below:
Prospects for passing such a bill in the Senate appear to be low because Democrats would need all of their members and 10 Republicans to overcome a 60-vote hurdle needed to advance to a final vote.
However, considering all the positive development and the technical perspective that is already supporting the bullish movement
we can see CANNABIS moving higher over the next week.
Also, CANNABIS has been one of the most mentioned names on Wallstreetbets this week.
Trade with care!
Thank you for reading!
$TLRY Solid trend holding up well, range is pushing for a breakout above $8.73 which can push to $9.. A lot of noise around the cannabis sector in general anticipating the vote to decriminalize marijuana..
Good Luck and Protect your Capital !
TLRY - LOL do you even read charts?Volume says it all. Only an idiot will consider shorting it here.
TLRY BreakoutMade nice base and broke out of resistance area with high volume. Once it makes base above the trendline, will be a nice entry. On watch.
