$TLRY Weekly Review
Major support at $7.25 has held for 3 weeks upon several key tests.
Key levels to watch for possible increased exposure $9.50 & $10.00
Price resistance above these levels are quite weak until the $15.00 level.
If we get a short squeeze its very possible to reach $15 in 1 session.
Lets hope the bottom may be in for the sector after ACB's huge move Friday.
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TLRY trade ideas
Technical Analysis on TLRYNASDAQ:TLRY
Wow what a chart. Down over 95%. Will the bleeding finally stop?
Drop to 1.618 support with inverted hammer signals a reversal. Previous drops after pops have acted similarly as show on the chart with fibs charted out.
It is down out of that huge descending trend area, lost that long time support which could act as major resistance. Very interesting indeed.
Some chart info:
Moving averages are exponential. Indicator is by LazyBear called 8x MA with configurable lengths
Green: EMA 10
Skinny Red: EMA 20
Thicker Red: EMA 26
Orange: EMA 50
Light Blue: EMA 100
Dark Blue: EMA 200
Skinny Black: EMA 250
Skinny Purple: EMA 300
Bottom indicators are:
RSI (14, CLOSE)
Stoch RSI (3,3,14,25, CLOSE)
Stoch (5,3,3)
ADX and DI (14,20)
TLRY 1D Possible LONGTLRY on 1 day chart corrective wave triangle if i did drought correct triangle lower line than we are in bullish flag and if we will break major resistance line top line of triangle to the top plus TLRY on top of 50 moving average now with conformation doji and Stochastic had higher high at same time chart/candles showing low high thats lost of momentum its BULISH sign. I say LONG but top triangle line have to be broken upwards first. Please make your own decision i make mistakes but market always correct so its easy just follow the market, manage ur risk, plus size ur positions correct, be very discipline, no emotions in trading and u will make money
link:
s3.amazonaws.com
Buy the DipFirst off I don’t like providing price targets. Wait for price conformation to buy. The market should still rise a little next week but I still believe we have one more leg down. TLRY should finish up next month. This quarter will be the low in the market as a whole. Capital will flee to the US market since we have no where else to go. Hold cash and wait for the dip.
$TLRY Finally Breaks the 50Day Moving Average
Earnings approaching on the 11th may and as per usual this will be a battle ground
The stock has been building a consistent base and has finally broken above the 50MA
lets look deeper into the technical .
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$TLRY: $10 Short Potential [Currently < than IPO Price]First off, please don't take anything I say seriously, or as financial advice. That being said, let me get into a few of my key insights. Tilray is currently only $8.05 which is lower then the $17 price it was entry into the market. The stock peaked at $240 before starting to tumble down bearishly entering into 2019. Cannabis was a fad or bubble waiting to be popped. That being said, as a 750+ employee company that is revamping, it isn't a bad stock pick and may be a steal at its current price. Many analyst are neural on it, but I think it has light in the tunnel for growth. Today it had a high of $9.75, before going down to $8.05. Overall, day over day, the stock's close price went down -0.74%. Today was a notoriously bad day for the market, and this performance was better than expected. Overall, a short of $10 is reasonable, and this is one of those stocks that can likely be flipped multiple times for a day trader or trading bot. It seems to also have long potential, and I believe it will likely reach another bullish run.
TILRAY; Going Up... or Going Up in Smoke?✨ We provide charts every day ✨
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Yoooooo, what is up family? Tilray has been bearish since its epic run back in 2018. That said, we are finally seeing some green here (pun intended). Looks like we are about to get a confirmed uptrend, let's break down the logic behind our Tilray strategy.
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STRATEGY USED:Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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1. Fractal Trend is showing downtrend (Red background color) for TILRAY on the 1 hour chart. That means we only take short positions based on Breakaway Scalper (Red bar color) until that changes.
2. Fractal Trend is attempting to close Green, which will signal an uptrend. That will mean we are cleared to take a long position next time Breakaway Scalper signals an uptrend (Green bar color).
3. To the downside we will be looking for reactions at the bullish order blocks at S1, which price is currently testing, and at S2. If we go lower than S2, then that and it would simply look like a continuation of the downtrend for Tilray.
4. To the upside we will be looking at the bearish orderblocks at R1 - R3 for resistance.