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UnknownUnicorn2413721
Jul 24, 2019 10:58 PM

HEXO Speculative OVERSOLD bounce $5.62 -> $6.39 Long

TILRAY BRANDS INCTSX

Description

Very bearish sector and stock. Highly oversold on 4 hour RSI which is usually a safe buy for a quick short term quick gains. Short term oversold traders are looking to get in. Momo short sellers have piled into this name since it's a weak US listed stock and easy target for wild swings both ways. Short sellers will also cover which suggest a short term spike to $6 is a high probability. Entering this trade long is becoming easier but exiting it will be the tricky part. Keep in mind, the whole sector could melt even more.
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