TLRY Long-term Bottom SignalsTLRY has created several long-term bottom signals including the first wiseman on the monthly and weekly charts. This combined with momentum divergences and the 161.8% (a+b) time relation all indicate a potential long-term reversal is starting now.
This also fits with my bearish stock market forecast because for the last couple of years there's been an inverse correlation between the index and cannabis stocks.
I also believe we could see an old switcheroo here, cannabis stocks dumped and crypto pumped post-election in the short-term, now we could see the opposite in the long-term where we see a long-term cannabis bull market and a long-term crypto bear market.
There's a high probability Trump does not create a strategic bitcoin reserve in the first 100 days, on Polymarket the odds are >70% that this does not happen. It's also very likely most state-level bills will fail initially. While some reserves could eventually happen it will likely be in 1-2 years when prices are much lower and the hype has died down.
Meanwhile, the HHS has already recommended and the DEA has already begun the process of rescheduling cannabis to Schedule 3 several months ago, and Chris Christie has said Trump will completely deschedule cannabis under his administration, ultimately making it fully legalized. In my opinion, everyone is underpricing this likely future, while simultaneously overpricing the future where Trump actually kept his promises about crypto in the first 100 days.
I do not think Cannabis stocks will ever be this undervalued again, especially after legalization happens, so now is probably the best time to be accumulating these stocks for the long-term while they're super undervalued.
