TLRY trade ideas
Volume, Buzz, Big Developments -- That is What to Look 4Take this with a grain of salt, but it seems like that would probably be the best time to go big if you really wanted to invest in the sector and play off of these potential Biden legislation developments.
I mean, just one look at new cannabis ventures' front page will show you that the sector is still hot, as you can still see all these new deals, buyouts, and equity offerings closing all the time -- lots of activity.
I started following the sector in 2016. That was considered the 2nd wave of investing activity, I believe, following the first wave in 2014, but I`m just going off memory.
Driving the buzz back then was the California legalization vote, which also drove Canadian marijuana stocks into a sharp, high volume bull trend as well.
You saw companies like Aphria, ACB, CGC, Mettrum, and many others beginning to close large private equity offerings in the summer (2016), offerings that increased in size into the 3rd and 4th quarters. The sector then went on to explode in late 2017, 2018, with many of the larger companies buying up land and assets oversees, a practice that brought on allegations of insider dealing.
But looking back, I remember very clearly when the MJ bubble popped, and it was when Session and the Repubs came into office.
Once the bad news dropped, there was still hope, even with the D`s out, that maybe the R`s would eventually come around anyways, but unfortunately that`s not what happened, and Sessions would soon go on to revoke the Cole memorandum. This, of course, crushed sentiment, for how could legalization ever take place with an administration that had taken such a hard line approach to drug legalization reform.
Hence my recent interest in MJ lately. It was MJ legislation delays that broke the bubble--many people at the time expected the D's would legalize, even in 2016 (canada had just legalized in 2015, so with many states already legal, and cali being the 5th largest economy in the world also recently legal, it seemed logical)--and if this is the case, it should be MJ legislation that starts the next bubble. If the next legislation induced bubble is what one is aiming for by investing in MJ, then the best way to catch that bubble seems to be to wait for a MASSIVE increase in volume, social media activity, and, most importantly, key news developments, preferrably in the legislative arena
But, again, as always, take this with a grain of salt! just my cents/opinon!
Cheers
Good entry for TLRYI think this is worth a shot as we can see what it is capable of.
Also, its likely that the top of the triangle gets tested again. If it does, the gains could be around 20%, if it breaks, sky is the limit.
Descending triangle approaching key support and resistance areaNot financial advice, Check the previous post for updated comments.
Cannabis trends! All of these cannabis stocks seem to be following the same trend as eachother!
Tilray & Aphria merger coming soon!
Tilray + Aphria = Tilray
Aphria shareholders will receive .83 x 1 share of Tilray
Low-risk swing tradeThe chart is simple to read with RSI and stochastic both turning up. You can trade up to the blue line, even a day trade. Hold for break higher or reenter after line is broken, since there could be a pullback first or line may hold. For a longer hold I want to see moving averages cross up.
Risk is low because stops can be a certain price and/or a percentage of option loss. It depends on your trade. For example near today's open I bought weekly 24 calls for 50cents. I can use 22.99 and 22.80 as stops, and I can also exit if option goes below 0.40. These are initial stops that I may adjust as trade works.
Ready or not here we go!!!So Tilray has it all, fundamentals..yes i just got the literature, healthy read, from the merger with apha and its looking fantasmagoric.
The industry is heating up globaly. Canadian cannabis sector on full boom and consolidation cicle..oportunity everywhere
I would thread carefully as always, cause this is a volatile industry..treat as day trade always.
Be ready to cal lin the sale afterhours or pre market...if you are fe..eling overnighty..
goodluck
\Just a thought
TLRY 2H DivergenceSome Divergence in the 2H Chart.
I think we will see tomorrow a bounce from here, because we have a big support in this area.
Let me know, what you guys think :)
TLRY Sharp CorrectionFollowing my previous post, we now have 1-2 or we have A-B. Next is a 3 or a C that should target $24. Breaking above $24 increases the probability that it is a 3rd wave, and would target $28, $32, $35 and $40. Rejection at $24 would mean more pain ahead.
Macro degree, we will either get a head and shoulders, leading the price down to the $10 range, or we get an ABC up to retest the highs, or (least likely) we get a new impulse to new highs.
Indices are really scary right now. FED has no clue how to fight inflation and Biden administration with Warren is anticipated to be bad for markets. I am going to stay defensive, and trade only what is right in front of me.
Hit bottom for first bounce, time to buy.No fancy analysis... just reading the charts taking volume and trend change now according 1min and 5 min charts.
TLRY As ProposedWe got the anticipated lower low, we got the bounce, we got a channel break and a retest. Is it a fake out, or is this a sustainable break out? Indices show signs of bottoming as well.
TLRY 1HR4HR and1HR BULLISH CRAB + 1HR SHARK Strong zone
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
TRLY Bottom could be nearI think we could see one more lower low before a bounce, but a bounce should be imminent?
$TLRY Consolidation before continuation Watching $TLRY for consolidation breakout, smart money sold into supply now they look to prz to reload shares at previous breakout spot (structure), 4 hour inside bar trigger over 27, this play is obvious so it could be a trap before dip to prz, just a thought, worth adding to wl for sure.
Buy $TLRY - NRPicks 14 MarTilray, Inc. is dedicated to the research, cultivation, processing and distribution of medical cannabis. The company offers its products to patients, doctors, clinics, pharmacies, governments and hospitals.
The Ministry of Health and the New Zealand Medicinal Cannabis Agency grant Tilray the first approval under the new Medicinal Cannabis Plan to launch medicinal cannabis products across the country, which will undoubtedly have a major impact on revenue of the company.
During the week, most sectors showed a recovery, however, the marijuana companies had a controlled upside and this is likely to continue. We consider that Tilray is in the middle of its journey.
Technical:
- Average RSI levels
- Buying force 143M buying volume last week.
- Bounce on MA100
