Tilray tested its resistance three times and finally broke out. Now its testing the new support. If it stays above and build a candle above the support, this could be a good entrance. The SMA shows a bullish crossover. On the other hand the RSI looks bearish and is maybe too high. The MACD shows a bearish crossing, too. And the Volume is going up - but maybe not enough to make a breakout.
Would love to hear your ideas about this!
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This worked out very well. We hitted the resistance at 2.9. Now there could be a healty retracement back to 2.30. Here would be again a good entry. After that we could return to 3.20 or above.
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We dipped to 2.30 and endet there with a bullish hammer. Lets see if we go up as planned from there on monday!
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Looks like we get a bit nervous because of the upcoming earnings tomorrow, but we are still on track and even testet 2,50. RSI looks good and the MACD shows a small bullish crossing on the 1H frame. But all depends on the numbers tommorow. I think for now the fundamentals are more important fot the way from here.
Estimating earnings are in line but what I am looking forward to is FWD Guidance and commentary about Germany/Europe
BaluerBall
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@ddraper, hopefully the reported will be in line, too ;) Can you give me - as a german - a tip what do you mean with FWD Guidance?
b55vdshfhj
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well my idea is that it may hit $3.00 to $3.15 before a bigger correction based on fib levels and how i am counting ew. but yes i see rsi overheating, rsi has gone up higher previously
BaluerBall
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@b55vdshfhj, thanks mate. I Think it it will reach 3.15 next, after this correction!
e72389k
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I just snuck in there just now and bought 2500 contracts 2.5 call for April 19th for 0.02.
Lol. At it with the gambling again smh. Please god.