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AlanSantana
Jan 13, 2019 11:51 AM

TILRAY INC. (TLRY) LONG (D) by Request Long

NASDAQ:TLRY1D
Tilray Brands, Inc.NASDAQ

Description

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This stock is looking bullish both on the daily and weekly time frames.

  • We have a high volume breakout above EMA10, EMA50 and EMA100, right after a breakdown which followed a strong bounce. This is a very strong signal.
  • MACD is in favor of the bulls now.
  • RSI is bullish trending up strong, reaching soon oversold but allowing room for growth.
  • The yellow square is the demand zone. Below it we are bearish. A close below this line would invalite this analysis.


Feel free to use this information to your advantage and hit LIKE if you enjoyed it.

P.S. This is no trade advice. All information shared is exclusive for learning and entertainment puroses only.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysistilrayTLRYStockscurrencyfxFXCMForexCryptocurrencyalanmasters
Comments
UnknownUnicorn1615160
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Interesting stock. A major holder of Tilray stocks lock up period ends Jan 15th...tomorrow. Will be interesting if they dump or HODL. I need to do some more fundamental research on this company. Most analysts say its way overvalued, but haven't done a deep dive yet. Canadian pot stocks are definitely worth to look at for sure.
AlanSantana
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@BitcoinBobby, Yes, would like to see how it goes. It will open soon.
CheersOrTears
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If you compare the tape with most stocks during December it really did phenomenal surviving that big wave down. Cannabis stocks in general have been out performing the market. def a good sector to watch this year!
AlanSantana
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@clarkljacobs, Cannabis is huge for the coming decade and beyond.
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