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TintinTrading
Jan 15, 2023 10:26 AM

🟨 Climax Run - $TLRY example 

Tilray Brands, Inc.NASDAQ

Description

I have covered this in my education blog, but here is a great example of a Climax Run Stock

Checklist
✅ Price looks almost vertical
❌ Run occurs after at least 18 weeks of the first base. (This run is 5 weeks after first base)
✅ Rapid advancement +180%
✅ Last 8 days before drop was 7 out of 8 days up
✅ Last 2 trading days we saw the largest trading range
❌ Stock is not extended above 200d MA - since no 200 days of trading (early IPO)
❌ No Stock splits
Comments
psbassin
Do you think it has another one in its near future?
TintinTrading
@psbassin, No not really! TLRY is in a long term down trend. In order to have a climax run the stock has to have advanced a fair bit upwards. Make sure you check my article on the subject:
tintintrading.substack.com/p/how-to-identify-signs-of-climax-runs
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