This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
Looking to buy some Tilray if following should happen:
1. Price goes above the Resistance (orange line)
2. Price should create a higher close than last swing (blue line)
Would buy then on a retest of the yellow trendline.
Target: A weekly supply level also close to 50% Fib level.
Taking out that High (red line) would be interesting from a liquidity aspect.
In my first ever post in tradingview on 15May'21 when cought the falling knife at the exact bottom at $13.41 gave you also the weekly prediction until next May 2022 when I expect Tilray to be above $120 and most probably next stop somewhere between the $121-$153 price range (unless ofcourse EU takes steps for legalization also hence next parabolic arc will be to...
Have received various requests on what is my idea after the Bullish ABC pattern ends up at D to above 120$.
Actually It's difficult to tell since there are many factors which may influence the developments.. I mean if also EU takes steps for legalization by next May 2022 then it will not stop there and form an Arc to above 240$ . If not, then correction should be...
The potential for huge growth in cannabis companies is obvious. The spike we have seen in the past week has retraced almost all the way back to where it started, this offers a great chance to re-enter longs. The spike may have been caused by the Reddit craze nonsense which explains the big dump as well but this is still a good trade/investment.
I would like to...
TILRAY is also following the cannabis rally, even though the fundamentals aren`t there:
891.954M MARKET CAP and Net Income (FY) -321.169M. :)
So be careful with this one. It`s not life VFF (by the way, a great stock).
Tilray engages in the research, cultivation, production, and distribution of medical cannabis and cannabinoids.
If you are interested to test some...