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US Stock In Play: $TLRY (Tilray Inc)

Long
NASDAQ:TLRY   Tilray Brands, Inc.
$TLRY further extends its 2021 vast rally with a day gain of +22.98%, closing at $23.49. $TLRY engages in the research, cultivation, processing, and distribution of medical cannabis. The total gain achieved by $TLRY for 2021 stands at +179.64%.

The first accumulation signal of $TLRY coincides with a higher opening at premarket which broken out of its 5-weeks Symmetrical Triangle chart pattern on 16th December 2020. It was noted that substantial buying pressure kicked off the run up on 6th January 2021.

At the current junction, average price volatility of $TLRY ranged within 8%/day with continuous volatility expected on TLRY bi-directionally.

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