Icemoney666

It's time to Long TLRY

Long
NASDAQ:TLRY   Tilray, Inc. - Class 2
I see here an interesting spot to invest. The price comes to the strong resistance lvl: 10$.
It's key lvl by support lines also it's a strong psychological lvl .

So this is my argument 🧐:


📃 Oversold. -83% price dump from the last local High.
📃 10$ strong support zone .
🚀 Huge volume on 12$ - possible investors "accumulation zone".
🚀 Price "Plato" for the last 4 weeks. Looks like accumulation for the pump.
📃 Under 50 MA on W chart.
🚀 Risk/profit ratio ~ 4

So what I am expecting here: it's moving to 50 MA zone on W chart. It's ~16$ for now or 40% gain. SL you can put under 10$ support line.