Tilray found a bottom? Tilray shot back up above the moving average. We may be getting a relief rally to resistance as the cannabis market has been getting absolutely killed. The industry is waiting on US gov movement on cannabis legality. Once we get some approvals this stock will strap itself to a rocket.
TP ~$9.66
I have bids in the $6 range.
Tilray
Tilray (NASDAQ: $TLRY) Topping Headlines Today Across All Media!Tilray, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products. The company operates through five segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, Wellness Business, and Business Under Development. It provides medical and adult-use cannabis products; pharmaceutical and wellness products; beverage alcohol products; and hemp-based food and other wellness products. The company offers its products to retailers, wholesalers, patients, physicians, pharmacies, clinics, hospitals, governments, and researchers. It has operations in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company was formerly known as Aphria Inc. Tilray, Inc. was incorporated in 2018 and is based in New York, New York.
#TLRY Price rebouncing from falling wedge support
Hi All, my main 3 take-outs from this analysis are the following:
1- In the 4H timeframe the price found support at around 9$, which is also an area where the historical red trendline and the lower side of the big falling wedge crossed (light blue box!)
2- Inside the bigger falling wedge there is a smaller falling wedge which has been broken on the upside. There might possibly be a pullback on the downside, but I think that it is possible an upward movement of at least 25%, which is the target of the small falling wedge, at around 11.3$
3- If we are able to reach the 11.3$, at that point, by the end of January we might be seeing the price trying to breakout the bigger falling wedge with a big up move, which should support the price staying above the red trendline and continue is uptrend outside the big falling wedge
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
$TLRY sniper edition #6*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
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Recap: On October 21, 2021 My team entered $TLRY at $11.56 per share. We increased our position on October 29, 2021 at $10.30 per share.
My team averaged down on our position today at $9.50 per share bringing our share average down to $10.45. We have also updated our take profits.
OUR FIRST ENTRY: $11.56
OUR 2ND ENTRY: $10.30
OUR 3RD ENTRY: $9.50
TAKE PROFIT 1: $15.30
TAKE PROFIT 2: $29.0
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Shiba Collapsed - Happy Danksgiving - Crypto to Cannabis Google trends and trade volumes would suggest that crypto is crashing this #danksgiving
Peak FOMO is behind us. Light trading volumes around will provide whipsaws and the volatility necessary to get some new green shoots. Crypto to cannabis reform. The gem.
Akaerna $KERN has the Cannabis Compliance Data SOFTWARE. CEO, Board Chair US Cannabis Council. Jessica Billingsley.
States Reform Act
NDAA SAFE Banking
MORE ACT
NORML
CAOA
BiPartisan ... FEDERALIZATION....
Tilray 4000% up from here!ITS HAPPENING
Tilray 10,5 usd to 420!
Legalisation in US, South America, Europe and maybe even some parts in Asia.
Its a 100-1000 billion market worldwide.
Tilray in the number one leading international company in the cannabis game.
They already have operations in Canada, US and Europe.
Guess whos going to profit BIG TIME?
Tilray is the Tesla of weed stocks!
Is MJ about to get high?Marijuana stocks have been on the decline for a while, but things may soon start turning around.
Last month, the House Judiciary Committee advanced HR 3617 or (MORE) Act of 2021, a bill that repeals the long-standing federal prohibition of marijuana by removing it from the Controlled Substances Act — thereby ending the existing state/federal conflict in cannabis policies and providing state governments with greater authority to regulate marijuana-related activities, including retail sales.
What the MORE Act Does: The legislation’s provisions remove marijuana from the federal Controlled Substances Act — thereby eliminating the existing conflict between state and federal marijuana laws and providing states with the authority to be the primary arbiters of cannabis policy within their jurisdictions.
If passed HR 3617 would facilitate the expungement of low-level federal marijuana convictions, create pathways for ownership opportunities in the emerging regulated industry, and allow veterans to obtain medical cannabis among other things.
Source
I chose MJ to gain exposure to the global cannabis industry.
AUM: 1 Billion
TOP 10 FUND HOLDINGS (%)
Grow Generation Corp: 9.66
Tilray Inc: 9.43
Canopy Growth Corp: 7.80
Aurora Cannabis Inc: 6.61
Cronos Group Inc: 6.42
Hexo Corp: 4.76
Organigram Hldgs Inc: 4.20
Village Farms Intl Inc: 3.92
22nd Centy Group Inc: 3.46
Arena Pharmaceuticals Inc: 3.26
Prospectus
Fact Sheet
Holdings
Technicals
Price action and RSI diverging for the past three months with PA finding support at about $14.00 since the bill was advanced
RSI moving to potentially break above 50 and could correspond to a breakout of the descending wedge
Price holding at about the Fib Extension level of 61.8%, will watch these levels closely as PA advances or declines
The Trade
With confidence that there will be further potential bullish sentiment for the cannabis industry on the horizon, I will be preempting a breakout and taking a position at current levels.
Bull Case
TP1 set at about $17.50
TP2 set at about $25
Anticipate resistance at about $16-$17
Will be watching price action closely below the $17.50 region as a substantial pullback could fill out a possible right shoulder of a head and shoulders pattern before retesting trend line and breaking low.
Bear Case
Price action rejection at resistance level at around $15.50 could push price down and make lower lows on the daily chart
If a price drop occurs, I will be watching for support at around the $13.50 region or Fib 50% level
Will look to exit position if weekly close is below $13.00 with RSI levels pushing down to or below 38.2
Approximate risk of loss on trade from current levels is about 12%-15%
TILRAY ROCKET HIGH TODAY +16% This is not an advice just a note for myself to remember. Months it was low and today it flew 16% up to 11.83 (came from prox 10)
It had no pullback and no backtest of the opening which TIlray normally does. This makes me wonder if this high is sustainable. I think it will not go that easy tomorrow to 15 or higher....I think it will test the opening price once more. Or at least test 50% of this rise of 16%. I am afraid to buy more because it can drop very fast. Tilray does not have good numbers only good news of legalisation and some products possible with cannabis in it.....I don't see a further rise this easy. Feel free to share your point of view with me or share a nice analysis with me.
I know the price is very far from the ATH -75% i think.
Tilray $TLRY Set Up For Breakout The chart here really speaks for itself. $TLRY is coming to the end of the Falling Wedge it has been trading in since February and is very likely going to break out to the upside.
We are also seeing higher highs on the RSI while the price is dropping. This is bullish divergence, paired right at support, making this a very clean setup.
A very modest target will be $17 after successful breakout and in my opinion, has room to go higher.
TLRY: Time to get high?Just bought Tilray🌿 stocks @ 12.22, currently at trendlines & previous significant high confluence. Price needs to break up the red falling wedge. Target 122 which means 10x.
The blue uptrendline on log scale (imo false break down) and also higher volume this year shown below:
Please like👍, comment🗣️, follow me✒️, enjoy📺!
Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
NASDAQ:TLRY
TSX:TLRY
CAPITALCOM:TLRY
FTX:TLRYUSD
SIX:2HQ
NEO:TLRY
SWB:2HQ
XETR:2HQ
FWB:2HQ
MUN:2HQ
HAM:2HQ
HAN:2HQ
BER:2HQ
FTX:TLRY0924
NASDAQ:NDAQ
OANDA:NAS100USD
CURRENCYCOM:US100
TLRY Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
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The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
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There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
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CGC - Your chance to feel good about your weed addictionThis is truly, your one and only chance to prove to your wife that your weed addiction is paying off. After awhile, she will join you, don't worry. You are just an early crusader, the pilgrim, the visionary and she doesn't know who she really married - THE LEGEND. This is your chance fellas don't blow it.
I mean look at this beauty.
I am holding this bag until it reached at least $100 and then $120. Options - F that. Buy and hold.
If you want to get into a growing market - this is it. Do you know how many people out there have never tried it? Do you know what happens after they try it? A huge line around the corner waiting to get in the MedMen store - the Apple of cannabis. Watch Tilray, CGC, Medmen, etc, closely.
TILRAY - TLRY - BullishI was contacted by a concerned investor, here's some reassurance.
I've been interested in the booming Cannabis industry within the US & Canada - It's only a matter of time before more countries start to realise the medicinal properties of this.
Previous Close 12.83
Open 12.93
Bid 13.08 x 1300
Ask 13.09 x 1400
Day's Range 12.80 - 13.17
52 Week Range 4.41 - 67.00
Volume 7,612,316
Avg. Volume 24,820,344
Market Cap 5.903B
EPS (TTM) -1.36
Earnings Date Nov 08, 2021 - Nov 12, 2021
1y Target Est 17.60+
Holders
4.68% of Shares Held by All Insider
12.48% of Shares Held by Institutions
13.09% of Float Held by Institutions
401 Number of Institutions Holding Shares
NASDAQ:TLRY
TSX:TLRY
CAPITALCOM:TLRY
FTX:TLRYUSD
SIX:2HQ
NEO:TLRY
SWB:2HQ
XETR:2HQ
FWB:2HQ
MUN:2HQ
HAM:2HQ
HAN:2HQ
BER:2HQ
FTX:TLRY0924
NASDAQ:NDAQ
OANDA:NAS100USD
CURRENCYCOM:US100
TILRAY SHORT TERM OPPORTUNITY Tilray is a Canadian pharmaceutical and cannabis company, incorporated in the United States with primary operations headquartered in Toronto, Ontario. Tilray also has operations in Australia, New Zealand, Germany, Portugal, and Latin America.
Second asset of the cannabis sector analyzed. Bullish divergence on the daily timeframe flanked by a double top that heralds a probable bullish bottom. Target price $ 17 - $ 21. Take into account the riskiness of the sector when managing this asset. Plenty of room for maneuver for various investment strategies.
Agrify Ponzied - NOMO FOMO - Valuation MattersCaught the $DOGE & $AMC monkey buzz. FOMO has ended. Hold for broke.






















