Stock_Holiday86

Let's Talk some more About Tlry

Long
NASDAQ:TLRY   Tilray, Inc. - Class 2
In this analysis, I am providing you my long term outlook for Tlry Inc, using a basic elliot wave theory model. TLRY is up there with my number ONE prospects right now. It is up to you to decide where the wave counts are. Remember I'm not going to always provide you guys every little detail, my goal is to provide more simple price path charts to see people educate themselves in this market to make sound decisions on their own someday. Closer followers like to use my price paths as entry exit levels but for anybody trying to really learn this, feel free to ask questions. That being said, you can see the old Buy and sell boxes from a few years ago that I have left on the chart and you can find linked to this update. Although we fell 50% lower from the green box, our upside target hit pretty spot on, and we made profits. We took profits and re invested into TLRY over 50% lower between $15-$25 and are ready for the next wave up. I can see TLRY reaching triple digit prices before too long and accumulating seems wise. Horizontal levels are historical supports/resistance. All I have done is drawn waves through them. Now it's up to you to decide if you agree or not. Give me a like or comment if you agree or tell me why you don't agree. Hope everybody has a great week. Shorter term analysis to come.

Comments

this stock is trash will see more red
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@Bduerksen5, thanks for your input post your short trade
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AngusMcK Stock_Holiday86
@Stock_Holiday86, I think this is actually a VERY clever response. So many people are quick to criticise but don't post their own opposite trade idea...
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@AngusMcK, thank you, this market has been very tricky and especially for people holding long and down from initial entry. These are the people My posts go out to the most. Godspeed
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psbassin Stock_Holiday86
@Stock_Holiday86, Hey there - any updates on price target near term? thanks as always!
Reply
@psbassin, we could see a double bottom print on the weekly, or a higher low around $15, I remain long. Need more information to come in next week.
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psbassin Stock_Holiday86
@Stock_Holiday86, Ok thank you. I think it’ll be a good week as they say volume always precedes price and wow was there volume!
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@psbassin, looking very bullish friend.
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psbassin Stock_Holiday86
@Stock_Holiday86, Fingers crossed!
+1 Reply