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WadeYendall
Sep 14, 2018 12:16 AM

TLRY in Resistance zone Short

Tilray Brands, Inc.NASDAQ

Description

TLRY has just entered my resistance zone. Only a crazy person would short this right now, but I'll be watching for topping action in
the coming days. Might be some profit taker going into the weekend especially with the huge sell off in other names. The TLRY advantage
getting Germany is probably over estimated.

Comment

Large gap down was bought into with strength. Bulls still seem to have control. Will re-enter long if price can reclaim the moving averages. A lot of energy still seems to be in these pot names. If it can get above the 20 I would expect a test of the old highs.
Comments
ergonap
Nice analysis. DI+ has been showing weakening trend; I think the bulls are running out of gas here.
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