Tilray has been developing some vibrant saplings, but the share shouldn’t forget to take root. We expect the course to extend below the support at $2.43 to plant wave II in gray. Then, Tilray should sprout upwards again, climbing back above $2.43 and growing further above the resistance at $5.12 as well. There, the course should complete wave (1) in magenta, before wave (2) in magenta should bring it back towards $5.12. However, there’s a 33% chance that wave alt. II could already be potted, which would be confirmed by the stock directly sprawling above the resistance at $5.12.
Thanks for this. Where do we stand now since it dipped below the $2.43 resistance? Are we on our way up to $5.12 or do we still have to dip to $1.25? thanks
cheynj
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Hello, nice analysis. Can you please send me a message. Would love to pick your brain and talk to you about your wave analysis.