NASDAQ:TLRY Tilray Brands, Inc. - Class 2
Yesterday, TLRY stock went down 10.7%, crashing along with other meme stocks. On the short term it bounced against strong support at the level around 3.8. Interpreting the crash as a , the nearest resistance line would be at 4.44, whereas on the downside, below the current which is being held, there is another clear resistance turned around 3.65. This means that from a risk/reward perspective, TLRY is great, with a risk/reward of over 3.75, even using the nearest support line, below the current one. The stock is also in an upwards trending channel, the stock was oversold according to my RMA indicator, short sale was significantly smaller than net as shown in my NDO indicator, and the stock's price is hitting the 50 day after breaking above it.