Don't know about the rest of the cannabis stocks (and I don't care to be honest) but what I know is that since Tilray made a spring on 27 JUL 2021 at $12.54 and successfully retested same with a higher low today / 17 AUG 2021 at $12.78 ---shaking the remaining weak hands off the stock and trapping all the wannabe (short) traders who are spreading FUD while talking...
Tilray again looks like a Bear until it isn't. Bullish ABC Pattern retested it's C Bottom at $13.20 shaking most weak hands off the stock. Price below all moving averages looks to me like a nice bear trap and since retested the C in a 'Spring on Steroids' should now begin her voyage to Fibonacci 0.5 range from here.
In my first ever post in tradingview on 15May'21 when cought the falling knife at the exact bottom at $13.41 gave you also the weekly prediction until next May 2022 when I expect Tilray to be above $120 and most probably next stop somewhere between the $121-$153 price range (unless ofcourse EU takes steps for legalization also hence next parabolic arc will be to...
When in doubt look at the bigger picture. The only thing u will regret is that you did not buy more. Squeeze coming to above $142 + Fibonacci (0.5) $151 range.
Have received various requests on what is my idea after the Bullish ABC pattern ends up at D to above 120$. Actually It's difficult to tell since there are many factors which may influence the developments.. I mean if also EU takes steps for legalization by next May 2022 then it will not stop there and form an Arc to above 240$ . If not, then correction should be...
The anticipated squeeze will come above 37$ and I expect B 4 before Xmas 2021 to try to break the hanging man's high at 67$
High-margin medical cannabis agreements in Europe represent critical waypoints on road to conquer the U.S., bolstering the company’s future balance sheet and putting it on firm footing with European regulators. As in the U.S., legal recreational cannabis remains on the horizon in Europe, where a combined population of more than 500 million in the U.K. and...