TLRY poised to break baseBreaks 10.50.. room to 12.50 then 14.50.
Could retest bottom of triangle before the break.
TLRY trade ideas
TLRY has positive long-term perspectiveMajor investors prepared for "good news" that will publish soon.
Weekly chart divergence on RSI, bounce comingCould be a good long term play and hold. Big buy volume on the daily and weekly candles. Stop loss set at $0.95
$HEXO Could be ready to move up!We have been watching and trading MJ for a while and HEXO could be setup for a little CALL action.....
$TLRY Fade and then popImportant: We are back at the resistance level from 3/27
MACD -25 positive diverging 30 min candles and about to roll over. (circled)
RSI- Still in slightly oversold zone indicating there is room for the price to drop.
SMI - continue the trend of seeing decline after a spike
Entries and Exits:
I would wait for entry if we continue to see a pull back to $9.82
OR
Would be a buyer @ 10.70 and use $10.50 as a stop loss if we gap up tomorrow.
If already holding 9.10 as a hard stop loss.
$TLRY Flat top breakout!If it breaks $10.68, we may see a flat top breakout here! Keep your eyes close on this one. Volume is heating up as well. Only the hammer on 4H concerns me about the where the price would set.
TLRY TLRY
It's a high riskc stock.
Set up is: if break up the resistance. then buy it again. it will have another wave up.
$TLRY $15.00 Major Target
If the momentum continues this week, $15.00 is very possible.
Currently sat under resistance at $11.00 a break above could result in some major short covering.
Shorts may start to worry that sentiment is changing is the sector and CGC earnings on Friday are pivotal .
Medium term $15 looks like a good target as resistance is very strong in the region
TLRY WEEKLYStanding at a breaking point which is also a heavy supply zone from the March lows. Volumes are accumulating since Thursday. Expect stock trading at 10-10.5 level for couple days next week. Let the volumes accumulate, successful in doing so TLRY is easily getting to 16 within next week. Breaking 10.5 resistance is a must!
OPENING: TLRY SEPTEMBER/JUNE 5.5/7.5 CALL DIAGONAL... for a 1.33/contract debit.
Metrics:
Max Profit: $67/contract
Max Loss: $133/contract
Break Even: 6.83 vs. 7.78 spot
Debit Paid to Spread Width Ratio: 66.5%
Notes: With front month IV at 179%, running a small, bullish assumption engagement trade with this monied call diagonal right before earnings. Back month at the 90 delta, front month monied at the 61 with more than the usual amount of room to be wrong on the downside.
TILRAY $TLRY is getting ready?It needs to get above $10.60 to start an uptrend. the volume is increasing as well.
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$TLRY pamp the Corona Cure Measured move of the ascending triangle lines up with the 707 fib and yearly open. Order flow is bullish.
Short $TLRYShort $TLRY looks like hitting resistance if it breaks we can look for another $1 + but if it cant break look for lower lows.
BullishHi traders, As we can see TIlray has been holding support and rallying with other cannabis stocks. From a technical aspect this is bullish on the lower timeframe. We also need to consider fundamentals. Tilrays fundamentals are not looking so great, this company has a budgeting problem, however they have been growing their revenues at a very promising rate. I believe TIlray will 3x by the end of 2020. Goodluck and stay fly .
TLRY - updateI was going to post this morning and didn't see that the stock along with rest of sector popped on news that pot may inhibit coronavirus. I still believe TLRY will get back to 20 and its next objective is to take out the FIB resistance at 11.65.
TLRY - Potential BreakoutAlerted for volume on TLRY, approaching big resistance with room above and forming right hand side green cloud support for a move up. In 20, 20$ calls for end of June - good luck if you play!
TLRYWhat i have learnt on this stock is they have two way now, rise aggressively or normaly but this stock gone a go up for sure after few months. On the other hand chart shows that they are on bit of confuse way as well.
