Tilray has reached the apex of a symmetrical triangle and is ready to move.
Stoch, ADX and OsMA are saying down, but I wouldn't take a position until there is a clear break. This could go either way, but I assume the move will be pretty substantial.
Stoch, ADX and OsMA are saying down, but I wouldn't take a position until there is a clear break. This could go either way, but I assume the move will be pretty substantial.
Note
Changed into an ascending triangle which means we're seeing accumulation. I would expect another breakout to the upside.Trade closed: target reached
Bought on the retest of the breakout. One of my best trades of the year.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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.