TLRY trade ideas
TLRY Looking for continuationStructure, so far, looks impulsive. Could be the star of a new uptrend.
$TLRY LongAfter falling roughly 50%, TLRY has recover 15% of that drop. On a pullback long TLRY for targets to $29.60 and $32.69.
TLRY - About to rise up?Tilray is in a nice descending triangle, RSI is prime with MACD crossing over. This is not trading advice
$20ish for a deadcat bounce play if the market remains strongAfter years of political opposition, the republicans are finally out of the way. If the market remains strong, this could be a nice opportunity to add shares, preferably around $20.00--but not a full position.
The trend is down, but in the short to medium term, you might see some deadcat bounce activity. TLRY is a popular stock, and it appears to be highly manipulated. Mid to long term, favorable news about legislation could drive whales to accumulate larger positions
Just an idea of course. Invest @ your own discretion, lol.
Cheers
TLRY WXYXZ into Wave 5?TLRY WXYXZ into Wave 5?
$92 target. Bought friday with my stop under the low.
We'll see what happens
What you think? Markets done correcting and going for new highs, because stimulace?
Happy trading traders
TILRAY SHORTPrice traded in consolidation before the breakout to the upside. Currenlty, price is in a pullback. We could see price making a small rally before continuation of downtrend to the re-test area
TLRYCharting parabolic moves is impossible. I've said it before, but made an attempt anyway. The first leg of the correction was predictable and textbook. Right now, we're in a bit of a limbo.
I have abandoned the macro count for now, and will reassess when more data becomes available.
For now, I see a channel, and I am playing for a bounce. Bounce could be impulsive or corrective. Two paths proposed.
Cannabis Stocks: Blood in the streets will continueTilray $TLRY Canopy Growth $CGC and Aurora Cannabis $ACB are all going to continue lower over the next few months as their values realign with basic fundamentals. Looking for Tilray to hit about $7.50 in the next few months. In the meantime, there are plenty of excellent companies that a prudent investor could get into after the selling ends.
TLRY Still as ProposedExtreme ranges here. Day traders paradise. These swings are 30% each way. So much profit, trading the range.
Anyways, this looks like it is holding during the indices correcting. When indices bounce, we should see a nice rally.
TLRY prediction 04.03.2021No trading advice, I'm just a smooth brained ape, don't listen to me.
But leave banana if you like drawing.
Ascending Triangle on TilrayHello everyone,
So TILRAY is in a down trend.
However I see an ascending triangle. Resistance is 27.37, support is in an uptrend.
I think we will see an outbreak up to PT 31,12. Volume should support the outbreak.
However if it breaks underneath the support trendline, we will see 21 - 23.
This is my second Technical Analyse ever.
Please feel free to leave a comment and give me advice/feedback.
Have a nice evening,
Lorenzo
(Utrecht, Netherlands)
