TLRY looks like a good playTLRY is looking good. The 10/20 MA looks like it's going to make a stronger turn up.
TLRY trade ideas
$TLRY gorilla glue sniper*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been watching cannabis company $TLRY for the past few months. We have been watching on the sidelines waiting for the share price to hit the support that it reached early this morning.
My team expects $TLRY and other weeds stocks to start a reversal soon. Bullish sentiment is finally here.
My team entered $TLRY at $15.90 per share and plan to take profit at $29.
This is a long-term play.
ENTRY: $15.90
TAKE PROFIT: $29.00
STOP LOSS: $14.85
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Watch for move up in TLRY I'm getting a lot of energy in the marijuana sector (dowsing, signs, psychic friend even got TLRY last Fri and I got it on Thurs).. specifically, TLRY and also ACB. I have it as getting a big move up. I do have a message about being patient as well, so this might not happen until Tues. The next date for this one is 7/14 maybe for a high?? These dates are often near a swing high or low, or can be big moves.
The problem I keep having the past week is a ton of my picks are moving between 14-30% and then giving it all back, Including TLRY on Monday when it was up 14% and then puked all over itself.
Yesterday was BBBY (up 31% then close +10%). Others have been CLNE, WKHS, XERS and others. So at this point I just want to take profits starting at 14% and then watch.
I do think this short term kind of pop is likely again in TLRY rather than a sustained trend type move.
I'm not good at keeping up with my ideas, so sorry.
First Time In A Long Time For TLRYFirst time in a long time that TLRY failed to close above its 200DMA. Despite this, it remains consistently trading around the 786 fib over the last few months. Without any fundamental catalyst, it really could depend on that industry at large. I think the whole MJ Bill was a buy the rumor/sell the news for what it's worth. Not a whole lot of range on the move leading up to that headline. But since it broke below the 200 for the first time in a while, volume (bullish volume) is going to be something to monitor for, closely if this is on your list, short term. These are the levels to keep track of on a larger scale.
"With so many states and countries riding the legal cannabis wave, the discussion surrounding federal marijuana legalization in the US is changing. More proposals are getting submitted, and more conversations are happening. Whether this next step results in a real bill is to be seen. But what we can say is that the speculative nature of the cannabis industry tends to feed off of the unknown. So if marijuana penny stocks are on your list right now, keep this in mind, and volatility can play its role in bullish and bearish sentiment-driven trading."
Quote Source: Best Penny Stocks To Buy Before Marijuana Legalization? 4 To Watch Now
Tilray TLRY at Key SupportTilray is currently at a key supporting ascending trend line (red dotted line) which can be seen best on the daily chart.
The only decent spot for a stop loss would be around the prior pivot which is around $13.20.
TLRY targetBased on Fibonacci the current pattern seems to be stabel. That offers the opportunity to determine new price targets, mentioned in the chart above.
TLRY Bullish Triangle PatternTLRY has been in a triangle pattern for the past month or so
We had a false breakout recently with volume that came in, but no perseverance.
setting entry @ 17.45 but feel free to buy starter position on it
Power of sma200 Tilray
Volume is increasing, we could see a breakout this week around $18-$20
Sma200 support price is consolidating and its similar to amc pattern
If were right we can see tilray making new 52wk high on my fibo extension $100 is
Not far from reality.
$TLRY HTF ACB Long #1 Main Watch
$TLRY HTF ACB Long (Swing)
Monthly - Decel
Weekly - Support/Inverse H&S Pattern/50 ema
Daily - MACD Divergence/Support/Decel/Doji/Descending Triangle Pattern
RR - 9
Execution - Live on 60 min 50 ema break on vol
Additionally on Watch:
Main - $ZOM
Main - $FCEL
Main - $MJ
Secondary - $CNRG
Secondary - $GALT
Secondary - $WEED
Secondary - $BIDU
TLRY - A WEED Stock That Can Get Really HighNice setup on TLRY here that has been correcting from a powerful rally for some time.
On the previous bounce price tagged the 200ma and completed an ABC correction to 0.618. Here the same thing is happening again - price has today bounced off the 200ma and completed a 0.618 ABC correction.
Also price is approaching 1.618 fib time from the two previous peaks.
This is a long term hold and I've bought a LEAP ITM call option here. IV was around 75, high delta.
This stock is a real firecracker if timed well.
Not advice.
Megaphone on the daily if 200MA is brokenThere is a gap that needs to be filled in 12 - 9.5 level. Invalid if 200MA is not broken in the next week or 2.
This megaphone breakdown will be the fake breakdown to the huge wedge we have on the daily, the final tree shake. It will be followed by strong buying as soon as bottoms.
Not advice. Do your DD. I'm long & doubling my position if we get to that level.
TLRY | Fractal IdeaHey all,
bit of an experimental one from me today.
Since merging with APHA, TLRY has struggled to resume the uptrend earlier in the year.
We can see quite a clearly defined upwards channel within which most of TLRY shares are traded. If the channel holds through today's strength, we could be at the beginning of a similar exponential rise as earlier in the year.
This is purely for illustrative purposes and not a recommendation whatsoever. I will be following this loosely over the coming months to see if this may hold true.
Any thoughts?
Thanks!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
TLRY holds key longterm supportI'm new to drawing charts but to me it looks as though TLRY has held its long term trend thusfar and is on track back to $30 by NOV? Let me know if I just drew random lines or confirm my bias please.
TLRY TREND LINELet us see if this trend line holds! I have a feeling Weed is going to be in the news this upcoming month!
TLRY Harmonics: Long-Haul Easy Trade!Please see chart for detailed entry and stop. Exit anywhere along the trajectory, since this stock is a slow mover to get to where it's going.
The Illuminati is real. Moon people will invade. TLRY will RIPI've I drew some wedges and found a secret message left to us by the Illuminati and those that helped build the Ancient pyramids of Giza. The current price action resembles a previous wedge that led to the $60 run. That $60 run was foretold by ancient prophecy from the beginning by the great green candle sticks that shot TLRY to $300. Furthermore, all signs lead to another bullish breakout at the apex of the wedge with the height of the run measured by the second prophecy from the green candles of Nostradamus to $56. There is no telling the hour nor the day of the final wedge break, but we have ancient murmurs from our elders who have scribbled on the charts for us to see, a promise of a reckoning for the victims of the drug war.
I'm looking at this chart too much. I need to take a break. See you in 2 months after earnings. By then my Jan 2021 Calls SP $15 should have printed enough to cover my taxes for this year.
TLRY thoughtsquick 2 min rough sketch up on thoughts here.
invalid if we set a lower low on daily
not financial advice
$TLRY long play ?
Every thing is on the chart.
Here on closer look of what can a see of the price action : s3.tradingview.com
Dont have a cristal ball but I think it quite possible to see a second bull run this year if momentum dont fade away..
Plus if this play out the RR is pretty good. Worth the risk.
