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balinor
Jan 17, 2024 9:33 AM

A new bullish channel up  Long

NASDAQ:TLRY240
Tilray Brands, Inc.NASDAQ

Description

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Earning drop was intense but defined a new minimun that match with previous one

Is it possible to define a new channelup

I think price will consolidate inside resistance 1.90-2.10$ this week before gathering enough strenght to target upper border at around 2.60$
Trend AnalysisSupport and ResistanceTrend Lines
Comments
Shikaz
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Do you think breaking $3.05 and stay above it will mean that we are turning into a long term uptrend ?
balinor
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@Shikaz, hello, as long as price move inside green channe we are into uptrend
But not a long period one
If in the future price exit red channel than it became possible
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