Great short with limited risk and decent potential for gains.
Main PT: $2.6 *You are responsible for your entries and exits if you chose to enter this trade*
Canadian pot company Tilray Brands (TLRY) has been preparing for marijuana legalization in the U.S. to boost its business. Recent news made investors believe that federal legalization in the U.S. might be imminent. This report led to a surge in Tilray's shares by more than 40%.
Main PT: $2.6 *You are responsible for your entries and exits if you chose to enter this trade*
Canadian pot company Tilray Brands (TLRY) has been preparing for marijuana legalization in the U.S. to boost its business. Recent news made investors believe that federal legalization in the U.S. might be imminent. This report led to a surge in Tilray's shares by more than 40%.
Note
First Target: $2.90Note
< $2.92 = <2.85 = <$2.78 = <$2.70 = <$2.60!Note
Still in... just a liquidity grab before dropNote
Expect more dropTrade closed: target reached
Final Target: $2.60 hitTrade closed: target reached
If you held, $2.35 hit! A -22% short!Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.