Hi traders , in my opinion i think Tilray will continue bleeding till the next earnings, looking at the chart and the last bear wedge that formed makes me believe we will visit the 5.80$-5.50$ area.
From there, depending on how good the earning are i think the trend will change , anyway we will see a bounce i guess for sure.
I do not expect that rescheduling would save the chart but i trust the analysis more, of course rescheduling would change everything, but till then we have to be realistic , therefore i would wait for the target price and will add shares to my portofolio based on the next earnings and news.
( Trust your own instincts ! This is just an idea )
From there, depending on how good the earning are i think the trend will change , anyway we will see a bounce i guess for sure.
I do not expect that rescheduling would save the chart but i trust the analysis more, of course rescheduling would change everything, but till then we have to be realistic , therefore i would wait for the target price and will add shares to my portofolio based on the next earnings and news.
( Trust your own instincts ! This is just an idea )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.