TLRY is it still a buy? SHORT

AwesomeAvani Updated   
NASDAQ:TLRY   Tilray Brands, Inc.
TLRY dropped from a Head & Shoulders in the winter into the lows in June and July with a lot

of trading and accumulation as shown by the volume profile and its POC. Today TLRY

took off for a big gainer of a day. But why and

can it continue, The 5-minute chart shows plenty of volume support for today's move.

The 4H chart shows a scorching rise into the third standard deviation line above the mean VWAP

anchored into the earnings date two weeks ago which was a miss. Fundamentally, TLRY has

been buying shares of BUD and other beer brewing or distribution companies. If i were an

investor, I would be concerned. TLRY should focus on its core product and get good at

making cash and not burning it. While the MACD is still bullish and the mass index indicator not

yet triggering a reversal, I see a drop happening from the pop. Fundamentally TLRY

does not deserve the level of enthusiasm that it received. The EFT MJ had a big uptrend for the

day then printed a bearish engulfing candle on the close

as traders took their profits off the table.

In consideration of all of this, I think TLRY is a very safe short trade. I will zoom into the

5 minute time frame and go short from a high pivot. expecting a 10-15% return for the

remainder of the week as the flush or at least drop kicks in especially from inexperienced

traders buying in while TRLY is running high without reason into the greatly overbought zone.

I suppose it could pump from a short squeeze instead of leveling out and dropping, so

my trade will be small and risk constrained. Is you have any alternative idea why this

rose so much please let me know!
Trade active:
TLRY dropped 5% stop loss moved to lower than break even now a risk free trade . Looking for more. running the full position.
Trade active:
Another drop and bigger than yesterday. Holding for now, taking off 50% if tomorrow

is a neutral or up day in the general market. If the general market is down trending

i will hold the whole position.

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