After 85% retracement tilray is hitting the buy zone between $36/$44, it has a revelant support, thet green circle on the left at $36, also showing a bullish divergence on the RSI and completing the Wyckoff market cycle. once it gets above the red line ($54.3) it will acdelerate.
Tilray is worth a watch for a confirmed breakout. Reputation points please :)
Although having been bearish on TLRY most of the time, i today, stumpled upon this chart again and saw the falling wedge without even drawing anything. Eventually we'll get a move down that closes within the lower blue line or something but generally this is very positive for the shorter term. looking at 95-105$ range. ps: yes, im charting this like a shitcoin
The Marijuana Industry is greatly on the rise and Tilray is one of the top pot stocks to invest in. The Megalodon is giving us the buy sign we need on the technical side. The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes!
Tilray went into a classic bubble. 15x in 2 months. Previous bubbles have taught us that -80% is a must for the majority of these assets. At the same time all these lines are gaps left unfilled along with the untested local high at 34$. So to me a 35-50% drop is imminent.
Tilray had a parabolic rise and now it's time for it to come home. EPS projected at -$.17.
3 drive set up on NASDAQ:CRON Buy zone at 16, look for profit taking as euphoria has set in this market. Notice weekly candle if close below open of 21.82
TILRAY looks poised to complete the final stage of a head and shoulders pattern as it builds a base in it's largest demand zone. Fully expect support to hold, and the stock to reach for ATH's once more, potentially pausing inside the next supply zone.
Tilray has a bright future in the Marijuana industry, backed by continuous legalizations and increasing investors in the industry. They are already up 4x since the initial IPO . The Megalodon indicator just gave us the buy sign we needed on the technical side. For information on how the Megalodon works, or to find out how to use it yourself, send me a message!
Tilray TLRY just blow up in mid 2018 and lost from its highs around 80%. We are currently at around 70$ and Ill guess it will drop another 35% from here, to see it close the Gap at around 45$. Tilray has only 76 Mil. shares outstanding and around 15% of it is in free float. Thats also the reason why it took off so extremely. The less shares are available the...
-Watching for a accumulation pattern to form -If volume comes back in Start accumulating -.786 fib support
Could #Tilray | $TLRY see a #DoubleTop or Better?!? Only TIME will tell...
Perhaps there is A Little Bit More Upside for #Tilray | $TLRY!
This stock is looking bullish both on the daily and weekly time frames. We have a high volume breakout above EMA10, EMA50 and EMA100, right after a breakdown which followed a strong bounce. This is a very strong signal. MACD is in favor of the bulls now. RSI is bullish trending up strong, reaching soon oversold but allowing room for growth. The yellow...
Lot of resistance for TLRY and it wicked bearish off current fib. CGC is a much easier play if you like trading marijuana stocks
TLRY has formed a falling wedge pattern, I am watching for a breakout to the upside.
The cannabis sector is like the dotcom or the tech boom that went from explosion to implosion. Now it starts to get interesting in the new market. The extreme speculative and euphoric time is over and now it begins the value pricing. I guess there will be one more leg down and then the blood is all over and real investing begins. Companies like Aurora, Canopy...
IG: @BULLRINGANALYSIS Tlry is a very interesting pick here. Early stages of company growth but, descending triangle pattern is meeting major resistance level. Bullish signal from this pick, but could be interesting to see what happens at this intersection point. RSI is also in interesting position for growth as well. not financial advice