TLRY trade ideas
Bullish Divergence. Tgts: $20, $24, $30Greetings All,
TLRY indicates bullish divergence. Target the 50 MA at $20, which is also a gap. Assets usually fill gaps. If price moves with strong volume, target $24 and $30. Support is the 200 MA around $16.75. Great entry zone.
Happy Trading!
Clear and detailed setup for $TLRY with for and againstA lot of technical reasons to be a buyer here listed on the chart, as always there is a bull case and a bear case, in the bears favour is my lack of clarity in the C leg of the correction. Upside here is good.
TLRY LOOKS LIKE A BREAK OUT. zFor the first time I am stretching my markers to find a way that it isn't breaking the wedge.
Trade Alert: TLRYHello Traders,
Swing setup here for TLRY.
Rumors/News (Aphria Merger and Legalization across US) + Chart Analysis Looks positive. Looks like we found Support @ this $16 price range. Looking for some confirmation today/tomorrow. Should be heading towards $20 which should create more buying pressure and then it's game on to $30+.
Good luck!
*As always, please leave a like if you find this idea useful, thanks*
TLRY taking the BTCUSD pathLooks like TLRY has started the same BTCUSD 2019 test pump. Gonna stack bids all around $9-11. For fun, possible scenarios are: CBD or some other component has a major medical breakthrough or dose citizens to make them complacent.
$TLRY Celebrates 4/20 with Dive to Test Major L-T SupportTLRY is another cannabis name that has suffered a brutal corrective run of late. But bulls watching the Log charts have reason to get interested here as the stock pukes down to test key trendline support matched up with price/range level support to celebrate 4/20.
Bullish on TLRYLimit order set for TLRY at 13$. Why I like the trade:
- Strong support level with 3 huge spikes
- Confluence of channel demand line
- Unfilled gap
- Volume increasing in up move, decreasing in down move
- 4/20 day tomorrow
- Cannabis moves a bit like crypto, bull cycle coming soon?
Tilray to ALL TIME HIGH!Im looking for a full legalization of marijuana in the whole western world by 2025.
America and Canada first.
Then Mexico and Europe will follow.
Tilray are the largest company in the sector with the most contacts and legal paperwork in place.
This company will be the largest stakeholder in the market and I believe a market cap of 100B USD isnt an exaggeration.
We're around 4B market cap today so that would take the company from ca 25 usd to 625 usd. = NEW ATH.
This is a long term investment where you should put part of your monthly salary in. Its a company in a growing sector (pun intended) and it will continiue to grow until at least 2030.
Marijuana has 99 more uses than 1(getting high) which will also drive this market to even higher market caps in the future.
Marijuana and hemp can for example be used as BIOFUEL, building material, clothing, and so on.
It has unlimited uses and is ENVORIMENTAL FRIENDLY. Weed will be the new gold in the future.
$TLRY - 4hCould be possible bullish divergance. Uptrend RSI and downtrend price action. GLHF. Strong support gonna be hard to break.
🌿 Tilray - TLRY: Another Good Move UpHi mates is perfect setup for mean reversion trade in NASDAQ:TLRY
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 18.13
Stop Loss: 14.87
Profit target: 28.18
------------------------------------------------------------------
If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.
PLTR - Good to buy now and till 16.50Downtrend followed by bullish engulfing pattern.
RSI is oversold. High chances to break trend line resistance and shoot up.
Good to buy now and till 16.50.
Stoploss at 15.5 on closing basis.
Targets -20.5,23.3 and 27.5
TLRY update 4/13/21Well TLRY hasn’t been able to gain any momentum after the huge run up then fall. Hourly falling wedge did pop to the upside but failed to hold above and then lost uptrend. I sold and started dipping back in today.
Now in a daily bullish falling wedge. If it can break the downtrend/ falling wedge to the upside and get back above $20, then this one can make its way back to $25 and higher
TLRY Trade IdeaTLRY, bouncing off support super oversold looking to enter calls for end of the week.
CANNABIS BACK TO THE MOON?This is not an advice. Just my thoughts about Cannabis stocks. I personally believe in the product too and the market to grow. Tilray is going to merge with Aphria on 14th of april and on 21th of may they will tell their earnings in a report. I hope to see a retest this week to the 23 area. After a break of 23 we can see more up to 30 or even higher. It's also possible it will stay more around this 20 area just like the past two weeks. Be careful because it is a really volatile stock. Set your SL wide enough because this stock moves with ease + or - 6% per day.
I wish everyone good luck and safe trading.
TLRY Buy opportunityHello traders, as we see cannabis stocks are being beaten down however fundamentals have been improving. It has become apparent that a merger is very likely for Tillay and Aphria. While other companies like canopy growth are announcing to be profitable it seems like the industry is turning around. There can be many reasons why this market is so volatile. One significant one can be option rollovers due to the new option chain that will be available for investors post merger. When looking at which funds are holding cannabis stocks you can see famous names like Goldman Sachs investing into cannabis which I hadn't seen before. Looking at technicals we are sitting on a very important support line and with Aphria announcing earnings on Monday we can see where we are heading to. My prediction is that when they announce good earnings they will run up again. Legalization news will also give this industry some momentum so I believe good things are ahead despite the stock being at the pit of despair.
