TLRY trade ideas
tilray- potential set-up -head and shouldersso this is just my opinion of the potential possibilities of this stock... i am not a bear, I have seen this stock pump and dump many times to know that nobody ever wants to hold the stock. It is apparent if you look at this from its all time high it went to all time high from its IPO and there was an immediate dump
TLRY correction before bullTLRY is consolidating, currently approaching point 4 of elliot wave cycle.
There should be a correction phase around the highligted area before peaking towards 5.
RSI is moving down towards oversold (where I expect the price to move into the correction zone)
Ichimoku Cloud is currently green, and stock is priced way above EMA150.
Based on Fibonacci retracement, Expecting a dip to reach minimum 24.70, and bull afterwards with first PT of 33.70
Not Financial advice, do comment your 2 cents!
$TLRY Tilray $38.00 target 🎯
It seems that TLRY is finally ready to be a big boy company, yet another deal signed in Europe and the strategic
move to open a facility in Portugal looks like it is paying off.
In teh days to come we will look for a trade above the Fibonacci Golden pocket @ $ 34.00
with a short term target @ $38.00 with $42 as the next major resistance.
AT the levels we are entering a stage where we have buyers rather than sellers so shorts may get the squeeze soon with 51% shorts still in the stock.
US Stock In Play: $TLRY (Tilray Inc)$TLRY further extended its astounding rally with a day gain of +16.99%, closing at $30.09. The total gain achieved by $TLRY for 2021 stands at +247.56%, a further upward trajectory of +70% since it was last highlighted 6 days ago.
At the current junction, substantial buying pressure remains in force with no signs of price exhaustion. Average price volatility of $TLRY have further inched to a range of 8.8%/day with continuous volatility expected on TLRY in this month of February.
Tilray Long OpportunityHere we have some important market structure levels indicated, as well as a long target. Also indicated are three identical market structure levels with matching volume profiles - albeit on different time-frames. Since I don't routinely trade stock, I'm not completely clear on when this target should be reached, but based on the point in the market cycle, I'd say things should be looking up preeetty soon.
This is purely technical and market cycle driven. I don't do fundamentals, and as far as I know, many people still see tilray as overvalued based on mcap.
obv. some accumulation takes place first.
Buy TlryHello traders, Ive been preaching for Tilry buy since March. Everything is coming together for another explosive rally. Considering the fundamentals, the merger with Aphria is a great catalyzer to shoot the stock higher. I am almost certain that TLRY will announce a positive EBITDA just before this earnings season. Now, how are the technicals? I cannot emphasize that enough that you need to look at the trend its looking great. The trend, on the weekly, is at the wave 3 and i predict by earnings in March Tlry will be at $37. The marijuana market is trending again. Last time Tlry went to $300 highs. It can be possible to get there with a short squeeze. Tlry's short interest is 25%. If the stock shoots higher expect the growth to be exponential.
TLRY going higher before FridayMy charts are showing me that TLRY still has room to jump higher another 4 points to maybe 30 this week. Momentum is still showing on my charts to conintue maybe jump up tomorrow. I am holding $25 call options expiring this Friday and may sell tomorrow on opening jump up.
These are my views only and this is for educational purposes only.
TLRY bull wedge? short term to 20+?This is a pretty great looking chart (sort of looks like a dragon!). I show a bull wedge forming with support on the bottom end from both the 50 hour and previous uptrend line. Should be good for a short term trade (i.e. next 10 days) to 20+. i'd say the trade is broken if we close meaningfully below 17.