dRends35

TLRY - Will Be A GREAT Buy @ $0.6!!!

Short
NASDAQ:TLRY   Tilray Brands, Inc. - Class 2
I've had targets of $3.5 and $0.5 for a while but now its time to look again.

The key to this puzzle I think is the recent expanding pattern which due to moving further away from trend than any previous correction shows that it is probably the major pivot .

And so the correction should be a running flat which is typical in a flowing trend.

Last week printed what appears to be a shakeout reversal pattern (wick) through the B wave resistance @ $4.78 and now today's PA seems to have confirmed that with the downtrend continuing against indexes which are on a bounce today.

These recent landmarks have added more pivots and as you can see there is quite a cluster around the 0.54 - 0.65 area.

And so TLRY is probably in a long term cycle ABC from ATH @ $300 down to 0.54 - 0.65 area. Very very wild! And its not going to stop @ $3.5 I dont think, or the lows.

I will be looking to open a small short position on a re-test of resistance for high RR. And I will use options for defined risk, just in case something unexpected happens.

But the main goal is to get VERY long much further down the road.

And if TLRY hits $0.6 and if that concludes a cycle ABC from ATH and if a typical X wave follows (or of course it could be a bull run but lets stick with an X wave for simplicity) then a retracement + typical overshoot to magic ratio 0.75 would see a bounce to somewhere around $61. That would be a 10000% increase!!!

And this chart loves going on mad rallies! 😄

See you at $0.6.

Not advice.
Comment: Expanding flat* not running flat.
Comment: TLRY moving down and 1st target $3.5 coming up!
Comment: First target hit 🥳🥳🥳. See you @ $0.6.
Comment: Indexes and pretty much everything up except oil today. TLRY down.
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