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megustadinerow
Oct 19, 2021 8:09 PM

TILRAY ROCKET HIGH TODAY +16%  

Tilray Brands, Inc.NASDAQ

Description

This is not an advice just a note for myself to remember. Months it was low and today it flew 16% up to 11.83 (came from prox 10)

It had no pullback and no backtest of the opening which TIlray normally does. This makes me wonder if this high is sustainable. I think it will not go that easy tomorrow to 15 or higher....I think it will test the opening price once more. Or at least test 50% of this rise of 16%. I am afraid to buy more because it can drop very fast. Tilray does not have good numbers only good news of legalisation and some products possible with cannabis in it.....I don't see a further rise this easy. Feel free to share your point of view with me or share a nice analysis with me.

I know the price is very far from the ATH -75% i think.
Comments
samodlin
I think it definitely tested a breakout from the falling wedge. We will see if it confirms or tanks
Googlesaur
Its possible that it is forming a Bullish Flag?
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