Fundamentally sound company in an uncertain political climate. I'm not going to draw a bunch of lines, because lets be honest this chart broke down in early July ish. This is an amazing long term buying opportunity created by a ton of FUD from recent announcements regarding a tech crackdown by the chinese government. I think the worst is now behind them. Alibabas...
NASDAQ:TLRY
Long on Tilray, federal legalization is looming and the arguably largest canadian player has a foot in the US door. Coupled with the fact that were in an absolutely tremendous long term support zone, nearing the end of a beautiful wedge. Lookout below $12.35. I'm long Leaps but this is not financial advice, please trade at your own risk.
Healthy pullbacks in companies like Visa are fairly hard to come by. Wave trend points toward oversold. 200sma nearby for support, but historically cant always hold up so I've adjusted my stop accordingly. This is a long term idea for me, maybe selling 40 percent at the target and letting the rest ride. Not financial advice
A Bearish market this week likely means IT will test it's recent support at 152. Coincidentally this is also the 200sma. I will be looking at 145/150 puts on a break and or a retest of support. Thanks for looking happy trading!
