TLRY trade ideas
TLRY bullish case#TLRY daily and hourly chart below. Short term #TLRY can pop up to 26, 28 & maybe 29. Needs to get above 29 to break the downtrend and can continue higher.
If it fails to do so, it has a lot of room sideways to keep consolidating through early to mid April. Rally before 4/20 🤔
$TLRY Battles to Save its 50-day MA Trend StatusTLRY facing critical technical test in play today as stock battles to hold its trend-defining major 50-day MA, which it has held its last 5 consecutive tests.
CUP & HANDLETARGET = FIB
To make the Scenario play out : Price got to get over 13.00
This is about to get serious.
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TLRY C&H and Bullish Divergence on the MACD on daily.TLRY C&H and Bullish Divergence on the MACD on daily and RSI . Good r/r. NFA. Do your own DD
$TLRY Bounce looks impulsiveI am anticipating a retest of upper resistance, most likely pre-market. Waves 5 can extend, but it wouldn't be reasonable not to expect at least some sort of pull back before charging higher.
Breaking the .618 at $28.85 would be the first hint that we could see a try at $29.50.
Is Hexo good to go ?Hexo seems in good postion to test next resistance à 11$61
Pro :
Hexo as found good support on 50 MMA
Hexo has closed today above the 20 MMA.
Breakout of the uptrend channel.
Breakout on RSI 14 and RSI SPX 50
Cons :
MACD looking good but needs to confirm
ATR is decresing
TLRY VolatileLosing $26 would bring $23 in play. $29.50 again resistance. Wave leading into the setup looks choppy, lacks an impulse but could still be motive. A retrace to $23 could be a classic 1-2 setup.
Volume supports a motive setup, also Moving Averages supporting a possible uptrend.
TLRYLONG-TERM: Daily hidden bullish divergence with a bunch of support under current price. (not financial advice)
Tilray (TLRY) : Marijuana is comingDue to Marijuana is going to accept in a lot of country
Tilray is one of big company which have Marijuana product & their product is expanding & export to other country
Please monitor business growth of this company
Stock graph is continue rebound after USA government accept to stimulus package
Currently stock graph's trend is going up
TLRY to $30 soonTLRY is in this ascending channel. PT is $30. Looking to see if this moves higher this week.
$TLRY DAILYNew York lawmakers nearing agreement on legalizing recreational marijuana with possible vote on a bill as soon as next week. Nice call flow came in on Friday for 30 and 32 calls 3/19 exp. Think this one can gap fill above at 34.3.
