TLRY is consolidating, currently approaching point 4 of elliot wave cycle.
There should be a correction phase around the highligted area before peaking towards 5.
RSI is moving down towards oversold (where I expect the price to move into the correction zone)
Ichimoku Cloud is currently green, and stock is priced way above EMA150.
Based on Fibonacci retracement, Expecting a dip to reach minimum 24.70, and bull afterwards with first PT of 33.70
Not Financial advice, do comment your 2 cents!
There should be a correction phase around the highligted area before peaking towards 5.
RSI is moving down towards oversold (where I expect the price to move into the correction zone)
Ichimoku Cloud is currently green, and stock is priced way above EMA150.
Based on Fibonacci retracement, Expecting a dip to reach minimum 24.70, and bull afterwards with first PT of 33.70
Not Financial advice, do comment your 2 cents!
Comment:
CRAZY. New fibo retracement level at 36
edit : 8/02/21