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SunnySra
Dec 17, 2018 6:28 PM

Capitulation phase initiated for Tilray! Short

Tilray Brands, Inc.NASDAQ

Description

Tilray has broken downwards and today may mark the start of capitulation. The definition of a financial bubble argues that capitulation will lead to the return to mean trend line for the underlying commodity. In this case, a price target of around $45 is the target for the end of the year. However, Tilray is extremely oversold so it's not out of the ordinary to see some hiccups on the way down.
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