Watching TLRY for high volume neckline break. I like the looks of it so far. Strong volume bullish engulfing off the low there caught my attention.
As I expected prior to Tilray announcing their Quarterly earnings, I expected disappointment and therefore a push down. Contrary to many people being bullish based on the trend appearing of Wyckoff in nature, I focus on the balance sheets and earnings more predominantly than simply basing my decisions on trends. In today's market manipulation, it is foolish to...
I primarily focus on cryptocurrencies, but since many are stagnating at the moment, I'm looking at some other assets for possible setups. If I had some extra investing capital right now, I'd actually enter a small position here. The market seems to be overreacting a bit, and TLRY is now at a prior resistance level turned support. If it can bounce here (ultimate...
All description on the chart. Please, don't forget to like and follow. Thank you.
While many people have been super bullish on Tilray, I posted a little while ago my reasons why I am not bullish yet on the stock. I predicted their earnings would disappoint and they did. Tilray had a fake break-out to trick investors, and the stock increased to 46.00 and change today, only to give it all back post-earnings and back in its consolidation to...
My view is we are at the 50 MA which acts as a resistance. What I'd like to see, is TILRAY closes above ~$44 to go long, and shoot for $63
Over the past how many months, especially on Tradingview, you have heard that Tilray is going to make some epic comeback just because how exponentially negative and horrific the chart and trend-line looks. But will it? The short answer is: yes, but not for a while. As I have said many times, you cannot just focus on trends to determine a stock's cycle. In terms...
Looking at Tilray with the MACD and Megalodon indicators, we can see a buy signal on the daily for Tilray. Something that we've seen only twice before, both times being the start of significant rise. The Daily MACD doesn't have as much room to turn as did previous signals, however it does look a lot sturdier and supportive. As of right now though, we cannot...
$OGI has held the 200DMA as support the last two trading sessions & on July 15th. Hammer candle was put in on 7/29 followed by a bullish engulfing signal today. OGI current trades at a 10x P/E 2019 revenue and a 3-4x P/E on FY2020 revenue estimates. We see several near-term catalysts for $OGI and feel the stock will benefit immensely once the current industry...
NASDAQ:TLRY $TLRY went through a rough year. The greed/fear cycle played itself out, and here we are... back where we started. $34 is a major support, and we just double tapped it and started an upward trajectory. Based on the volume profile of the stock, I think we're headed back towards an equilibrium, right around the mid 70s. We'll consolidate at 50 for a...
$TLRY $TLRY $TLRY
Everything is on the board, I just throwing ideas for comments But the spot seems really nice ! 8 months bear market over and RSI over 50 to mark the shift to BULL MARKET ! Keep an eye on ! GO $TLRY
Broke out of a big downtrend, retested it and go
Looks like Tilray still has room to fall? Not much support has been built up at current level and there is a gap to fill?
As shown in chart. TLRY could benefit of a big rally if we can cross the $56.50 SMA(50) line with strong volume. Technicals RSI @62 with a stronger comeback from being oversold. (Check chart drawings) * Always set your stop-limits to protect your position, as well as exit-profit targets to get your gains. Happy trading! dorfmanmaster
Will $TLRY find support at 50% of the height of the descending triangle breakdown? This looks a lot like $BTC's descending triangle breakdown to the lower $3000, just not as violent and sudden. Really just depends on how far the SPX drops, but I think $30.47 - 34.51 is a reasonable level to find some support. Any thoughts?