A possible final bottom for $TLRY could be around $34 , last swing high of last summer.
The EW count now seems to be still incomplete and the weakness of the entire sector could bring the price in that sweet spot.
Keep in mind that Tilray is still one of the most overvalued stock in the cannabis sector with a market cap in the hundreds of times its revenues.
The pot bubble is going to burst. From the technical perspective we are pulling the trigger here after retracing 61.8% of the initial leg to the downside from the highs. For those who believe in the bearish story for the industry, now is the time to get back to work on the sell-side. More and more funds with large central books are starting to open up positions...
Although having been bearish on TLRY most of the time, i today, stumpled upon this chart again and saw the falling wedge without even drawing anything.
Eventually we'll get a move down that closes within the lower blue line or something but generally this is very positive for the shorter term.
looking at 95-105$ range.
ps: yes, im charting this like a shitcoin
Long Entry $7.00
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Dear Cannabis Sector friends!
In our previous TLRY idea we had asked ourselves: Can TLRY repeat what EOS from crypto space did already? (See the link below)
The answer is: Yes. And this is the beauty of Technical Analysis: No matter where you go, which market you wanna play, human psychology never changes.
A beautiful descending triangle gets broken bearish,...
Three earnings announcements interest me this coming week from a volatility contraction standpoint: TLRY (--/79),* announcing on Monday after market close; MU (45/51) -- Wednesday after market close, and CAG (86/45), Thursday, before market open.
CAG: Pictured here is a CAG April 18th 22/24/25 Jade Lizard, which was 1.03 at the mid as of Friday close, giving it a...
Hello my dear Cannabis sector fans, but also to my usual Crypto friends: Pay attention now!
The legalization of Cannabis is coming from left an right, and obviously, what had started in Canada, will not just stay there. The US is the next huge market, and after that comes Europe.
Some of the Canadian Cannabis companies have seen huge run-ups already, but this...
Hello dear Cannabis/MJ-Sector friends.
I just wanna make you aware of the crazy similarities between TLRY & EOS from the crypto world:
On the last run up, EOS 5xed and Tilray 10xed
Up until the Weekly Triangle equilibrium, both had corrected 73% from their tops which is almost scary
Before the break of the EQ in EOS, I had looked at potential previous S/R zones...
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!
Keep an eye on MACD and RSI for signs of reversal.
Break out above 83 and hold 83 as support will be a good indication. Breakout above neckline will target 105-110 area near 200 MA.
There is support around 76-77 area.
Break below 75 will be a sell signal.
Weed is the future, or so they say. 2018 saw a ton of overweight equities, but they have proven to be some of the most resistant names in today's market. Therefore, it stands to reason that if names like CGC, TLRY, and CRON will continue their rise, this ETF will reflect that success. It needs to retract, but will offer a great buying opportunity in the next 1-2 weeks.
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.