Do not miss the other chance of buying TLRY this week or so!
Here is my update on TLRY stock. Before that, let me thank you for your all supports and thoughts.
My assumption is that TLRY probably bottomed at ~$34.5 on June 6th, 2019. We may test that level later again.
As mentioned in my previous post on TLRY (link below), I found very similarities between TLRY and Bitcoin market. To me, TLRY current pattern is very similar to that of Bitcoin around Nov 2018 to Jan 2019.
Pay a close attention to the Fib retracement levels. Try after reaching (let’s say) bottom, jumped to 78% level, EXACTLY like Bitcoin! Then came back down to 38% level. What I expect to see in the next few days is to see TLRY goes back up to 62% or somewhere between 62%-78% level (~ $44-$45). I also see a strong resistance around $45. After that, I expect it to go down again somewhere below the 23% level. I see a good support around $37.12. That might happen somewhere around July 8th-10th, where the last blue Fib circle meets the pitchfork line in pink. I would definitely rebuy somewhere above this number, maybe $38-$38.5, as I see another support level.
Even if we go below the previous low (~$34.5) I do not think I lose massive money!
If we go above that 21day moving average line (the pink one) and stay above it for few days, I will be very bullish!
Good luck,
My assumption is that TLRY probably bottomed at ~$34.5 on June 6th, 2019. We may test that level later again.
As mentioned in my previous post on TLRY (link below), I found very similarities between TLRY and Bitcoin market. To me, TLRY current pattern is very similar to that of Bitcoin around Nov 2018 to Jan 2019.
Pay a close attention to the Fib retracement levels. Try after reaching (let’s say) bottom, jumped to 78% level, EXACTLY like Bitcoin! Then came back down to 38% level. What I expect to see in the next few days is to see TLRY goes back up to 62% or somewhere between 62%-78% level (~ $44-$45). I also see a strong resistance around $45. After that, I expect it to go down again somewhere below the 23% level. I see a good support around $37.12. That might happen somewhere around July 8th-10th, where the last blue Fib circle meets the pitchfork line in pink. I would definitely rebuy somewhere above this number, maybe $38-$38.5, as I see another support level.
Even if we go below the previous low (~$34.5) I do not think I lose massive money!
If we go above that 21day moving average line (the pink one) and stay above it for few days, I will be very bullish!
Good luck,
