$TLRY 1- Leaps Calls 100 Jan 2023 2- Leaps Calls 100 Jan 2023Support and Resistance
Tilray Inc. engages in the research, cultivation, production, and distribution of medical cannabis and cannabinoids. The company offers cannabis-lifestyle and consumer packaged goods; and hemp-based foods and alcoholic beverages. It offers medical cannabis in extracts and dried flower forms; and cannabis extracts, including purified oil drops and capsules. The company supplies cannabis extract products to patients, physicians, pharmacies, hospitals, governments, and researchers. It has operations in Canada, the United States, Europe, Australia, New Zealand, and Latin America. The company was formerly known as Aphria Inc. and changed its name to Tilray, Inc. Tilray Inc. is based in Leamington, Canada.
TLRY trade ideas
$TLRY Target 21.97 for 26.19% $TLRY Target 21.97 for 26.19%
Or next add level is at 12.65
I sure do love TLRY... Target is the same... let's do this...
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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.
I start every position with 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.
TLRY the MJ stock breakout we needOH baby this is promising, I bought in a little early and I am up 40%, it is testing the breakout and I am pumped for this, July calls are still relatively cheap, this would be a several week swing. Accumulation phase may be over and we will be onto the markup phase. $$$
TLRY :/wimpy play here, but pointing out the obvious compression after the exponential run up.
We tagged the long term trendline and are bouncing in a corrective ABC structure.
2 potential target zones identified depending on the size of this bounce.
Using other SPACs, Us major indices, and DXY as a proxy for this play, I actually favor the higher targets near $19.
Ultimately I think this compression breaks down, either using the top of the gap or filling the gap as a bounce zone at $10 before continuing higher.
More often than not you actually break out of triangle compression, but sometimes you pierce through the bottom, as I am anticipating
Tilray to $30 -- getting highThis is strictly a technical analysis of Tilray and nothing more -- their financials are garbage and the stock is currently overpriced, but what isn't...
I think RSI is in a good spot on the daily to really run up. Price has been rising along with volume, confirming the market's interest in taking Tilray to higher prices.
First target is $22, and then second target would be $30. I am foreseeing a larger harmonic structure forming here with price rising to $30, which coincides with the .5 fib.
This is not the optimal place to enter this trade, but if you have the kahunas on you, then by all means go ahead and long here.
TLRY Potential BreakoutAll meme stocks are beginning to breakout.. maybe TLRY is next?
Great set up here. We have the 200MA and the POC (volume profile) giving us support @ 16.50-17.00
Here are the levels we are looking for:
Entry (Full Pos) @ 18.75
1st Target @ 22.06
2nd Target @ 24.42
Watch for increasing volume for entry and be patient.
TLRY reversal confirmed If you didn’t believe that TLRY was reaching its point of reversal in my previous posts, then by now you should really be seeing the reversal. 1day chart increasing bull volume coming out of the wedge. Nothing has changed for me. Long TLRY and watch her fly over the coming months of 2021
$TLRY Target 21.97 for 26.19% $TLRY Target 21.97 for 26.19%
Or next add level is at 12.65
Oh snap... cannabis stocks are on the move today...
—
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.
I start every position with 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.
Great Risk/Reward Setup for Tilray(Inverted Chart) Currently seeing a great long setup for Tilray and many other weed names in the market. From a fundamental perspective, it is now general knowledge that the cannabis industry will continue to garner mainstream adoption and acceptance with each passing year. They're many companies positioning themselves to benefit from this trend, with Tilray being one of the leaders. There's much more to be excited about as it pertains to the fundamentals of Tilray but this platform is mostly for the technicians. So here's why I'm bullish for the rest of the year and beyond.
- Daily Golden Cross took place several weeks ago indicating the start of a potential multi-month bull trend.
- TLRY is down 70% from its recent peak of around $60. I believe the bears have exhausted themselves and bulls will make a move soon.
- CCI is signaling a buy according to my trading system.
- Price tested support at the 200 Moving Average which is statistically a great place to buy the dip in bull markets.
Entry Price: $15.25
Target 1: $30 (100%)
Target 2: $50 (233%)
Target 3: $60 (300%)
Target 4: Moon mission to all time high
*Stop-loss is a recommendation.*
This is not financial advice.
TILRAY TO ASSIST IN YOUR VOYAGE TO A HIGHER STAGE PART 2 Have received various requests on what is my idea after the Bullish ABC pattern ends up at D to above 120$.
Actually It's difficult to tell since there are many factors which may influence the developments.. I mean if also EU takes steps for legalization by next May 2022 then it will not stop there and form an Arc to above 240$ . If not, then correction should be expected until receive positive news also from the EU later on in the summer of 2023.
Stay strong. Stay Bullish!
Big Opportunity TILRAYThe Canadian cannabis companies Tilray Inc. and Aphria Inc. announced the completion of their merger the first Monday of May after shareholder approval of both companies. As a result, the combined company has become the world's largest cannabis company as measured by revenue.
The two cannabis companies announced in December that they will merge under the name Tilray. The new combined company is ecpected to deliver cost-effective synergies within 18 months of closing this deal, generating a tax benefit of $ 81 million or more.
In the charts you can also see my previous prediction which I did not post. It has passed the last break of structure (long persp.), which is an indication to rise at least 70% I think. Does this sound like a double chance opportunity? What do you think? Please share your thoughts with me :).