Tilray: Light after the Dark! 🌲🌲🌲The downtrend is still not over for the Tilray stock. It still has to move below $12.56. There, at the latest, the course needs to turn around and push to reach $31.34.
Stay trading!
TLRY trade ideas
Tough week ahead for Cannabis Stocks!ACB:
NASDAQ:CGC
NASDAQ:CRON
NASDAQ:SNDL
They lost their supports and it happened with increased volume!
I'm looking for short opportunities in the next week.
My previous Weed analysis was one of my best works ever!
Feb 3rd, 2021:
Feb 11,2021:
April 12:
TLRY. are we still legalizing marijuana? Wisconsin GOP shot down the most recent budget plan, which partially dealt with marijuana legalizing. Democratic governor meets republican representatives means Wisconsin probably will not do anything meaningful for a while. In the meantime Wisconsin residents travel to Illinois where they spend almost 100$ million annually on marijuana products.
Some other things shot down in the plan were increased tax breaks for the poor, investment in education and underserved communities, and increasing minimum wage. More of the usual. I can only ask myself why is the GOP so opposed to making life better for people? Is it because an educated and healthy population wouldn't vote for them?
TLRY - Daily - Triangle Breakout?TLRY, both bottom has a huge volume with price and RSI contradiction. Do you think it'll break? How far can it go?
Countertrend WSB P&D: Sell Vertical Spreads at ResistanceTLRY has broken its trend on negative CMF volume. Today's 22% gain ran into resistance (center bollinger band) and seems likely to pull back to the central ribbon support/breakout area in the next few days.
Selling vertical spreads on WSB pumps often turns out well. You can get the 15.5/15 for even money.
Tilray very high R/R trade potential wave 5 aheadBoth wave 2 and wave 4 touched exactly .618. Wave 5 is still in play. Price targets are marked on the chart. Some of them have confluence with ath and monthly close.
TLRY Buy in Points for next week - The pattern continues to playMarked various buy in points for various risk appetites. Will we see Happy Days ahead? Price needs to remain above support to confirm the pattern playing out.
NASDAQ:TLRY
Tilray $TLRY Bullish BreakoutAfter touching the 500 Day bullish trendline, $TLRY seems to have had a bullish breakout of its local downtrend channel. If it has a successful retest of the break this could potentially be a bullish setup. The targets are labeled in the chart.
~First target $19
~Second target $23
~Third target $31
TLRY Long idea after trenldine breakoutTLRY Broke trendline perfectly. Today bullish run might continue.
$TLRY Target 18.81 for 24.49% $TLRY Target 18.81 for 24.49%
But if you’re brave…. look to chart...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels…
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Long on TLRY break out?On prev idea, we did TP1 and drop to the SL zone after.
Now we build a new one bigger triangle. And did +25% in one day.
I think it's a good time to try LONG on this breakout. cuz we have a bullish-volume support zone and back to 200MA line.
TP1 ~ 25 $
TP2 ~ 30$
Potential Short Squeeze Setup on TLRY and Weed StonksDaily needs a close above 16.80 breakdown candle high. Above that, it can squeeze to 30 by 8/20
TLRY Wave 4 - Soon to Wave 5If my Elliot Wave is correct, then we should see the end of correction in the next few days to weeks but not more than a month.
$15.30 Price Target for Tomorrow 7/22/21Tilray moving up again today following the projection nicely. We need to see a move up to $15.30 in the next 1-2 days to stay on track!
Reversal Looking Good So FarWe saw TLRY pick up some points today and should see a kick up to resistance level at $15.30 before seeing some retracement.
Looking to see a higher low form after retracement to make a W formation.
🟢 Added to $TLRY New Target 19.84 for 22.92% 🟢 $TLRY Target 19.84 for 22.92%
Or double position at 12.44
I added here because it bounced off of support… if it hits support again (13.41) I will add again before doubling at 12.44.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
TILRAY - DON'T FALL IN THE BEAR TRAPTilray again looks like a Bear until it isn't. Bullish ABC Pattern retested it's C Bottom at $13.20 shaking most weak hands off the stock.
Price below all moving averages looks to me like a nice bear trap and since retested the C in a 'Spring on Steroids' should now begin her voyage to Fibonacci 0.5 range from here.
