Update on TLRY. Please like/comment if you see value in this post. Thanks.
My previous post/analysis/thought is still in tact (
)
I found that the current price action found the blue channel very well. Also, the bottom blue line in that channel is very compatible with the other part of the price chart.
I still think any purchase within that green box would be a winner buy and this could be the last chance to buy TLRY below $50.
The Fib Circles in green still plays very well. I expect to see another drop as we approach/pass the next green circle and in general I expect to see the price chart follow the channel in blue.
ADX and DI looks very healthy and supportive too, the green line is above the red and DI looks like growing (getting more momentum).
TLRY finds a good support on 50-day MA as well.
Good luck.
My previous post/analysis/thought is still in tact (
I found that the current price action found the blue channel very well. Also, the bottom blue line in that channel is very compatible with the other part of the price chart.
I still think any purchase within that green box would be a winner buy and this could be the last chance to buy TLRY below $50.
The Fib Circles in green still plays very well. I expect to see another drop as we approach/pass the next green circle and in general I expect to see the price chart follow the channel in blue.
ADX and DI looks very healthy and supportive too, the green line is above the red and DI looks like growing (getting more momentum).
TLRY finds a good support on 50-day MA as well.
Good luck.
