Yesterday may have been a more nerve racking time with TLRY after expecting a huge run up for most people, as we expected TLRY to moon.
Here is an explanation for the movement from yesterday.
Starting out with the first 15 min of the day, we hit our first target of 22.05 which was a big resistance level according to the volume profile.
After fighting to continue upward, TLRY responds with heading down to 19.10 to fill the gap from premarket.
This movement from TLRY then caused somewhat of a panic to its holders due to a three-point drop, which ended with forming a flag until after hours.
This is the best set up we could have gotten for continuation.
Relative Volume was up 3.60.. 84 mil volume yesterday, 25 mil volume on average.
We have filled the gap with volume coming in. The ideal play for today is to shoot past the 22 resistance level and head for the next target at 24.42
Hold strong and have patience!
Here is an explanation for the movement from yesterday.
Starting out with the first 15 min of the day, we hit our first target of 22.05 which was a big resistance level according to the volume profile.
After fighting to continue upward, TLRY responds with heading down to 19.10 to fill the gap from premarket.
This movement from TLRY then caused somewhat of a panic to its holders due to a three-point drop, which ended with forming a flag until after hours.
This is the best set up we could have gotten for continuation.
Relative Volume was up 3.60.. 84 mil volume yesterday, 25 mil volume on average.
We have filled the gap with volume coming in. The ideal play for today is to shoot past the 22 resistance level and head for the next target at 24.42
Hold strong and have patience!