The president of USA has issued a pardon for marijuana use nationwide. This is bullish and can start a new trend into 2024.
Weekly breakout since bearish downtrend 2 years ago.
Comments below
If you haven`t bought TLRY here:
Then analyzing the options chain and the chart patterns of TLRY Tilray Brands prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $0.55.
If these options prove to be profitable prior to the earnings release, I would...
TLRY dropped from a Head & Shoulders in the winter into the lows in June and July with a lot
of trading and accumulation as shown by the volume profile and its POC. Today TLRY
took off for a big gainer of a day. But why and
can it continue, The 5-minute chart shows plenty of volume support for today's move.
The 4H chart shows a scorching rise into the...
TLRY jumped 10% in two trading days following the announcement of "gummie beer"" by
its subsidary Sweetwater Brewing. Traders who trade TLRY seem impressed and that is what
counts. Objectively, a gummie product containing alcohol seems to be a nonstarter given
regulatory hurtles and then marketing of familiarity. No doubt users could titrate the...
Yes, I know this stock is one of the most hated stocks in the universe, however technically this looks to be setting up for a strong move upward.
Weekly bullish divergence, Weekly spinning top candle from last week (sometimes a warning of a reversal), falling wedge structure with reducing volume, and double bottom area.
Could this setup fail?
ABSOLUTELY YES...
On the chart we can see a falling wedge pattern.
Our strategy is to enter long when the price breaks out of the falling wedge formation.
Look for the volume increase in order to avoid the trading false break out.
Target is shown on the chart.
Two weeks ago, Tilray took heart and jumped into the turquoise zone between $1.46 and $2.27, leaving a visible gap on its way. Near the bottom of this zone, the share could establish the low of wave II in white by now, meaning that soon, the bulls should take over. We expect Tilray to develop enough upwards momentum to leave the turquoise zone on the northern side...
The 2H chart on TLRY shows a volume profile showing the highest concentration of shares
traded at $2.65 or about 15% above the current price. Short sellers dominated there. Price has
descended down onto the support/demand zone. It is near to tow standard deviations below
the mean VWAP and so very undervalued.
Federal legislation intended to remedy the...
After initially spurring the downwards movement so commendably from the high of wave (4) in magenta, Tilray has been relaxing in a sidewards movement since December. However, there is yet some work to be done! We expect the share to drop a bit deeper still to finish wave II in gray, whose low should then form the basis for a fresh upwards movement. Wave (1) in...
TLRY Tilray Brands is close to the pandemic low on a huge Falling Wedge and a Double Bottom Chart Pattern.
Looking at the TLRY Tilray Brands options chain, I would buy the $3 strike price Calls with
2023-1-20 expiration date for about
$0.16 premium.
TLRY Tilray Brands is One of My TOP Stock Picks for 2023!
Looking forward to read your opinion about it.
The Play
TLRY has had a 30%+ pullback from the recent highs stemming from the December 2, 2022, recent legislation that was signed by President Biden. The strategy is to take advantage of a likely 10-15% rally in the short term.
Legislation: Highlights
After unanimous consent from the Senate, President Biden signed into law the Medical Marijuana and Cannabidiol...
Tilray has finally hit the local bottom and we are seeing an Inverse head and shoudlers reversal pattern.
Buying here provides great risk/reward ratio however still have to pay attention to the index overall.
###NOT FINANCIAL ADVICE###
With a news catalyst, of the pardoning of all cannabis possession federal convictions,
POTS put in some wide range green candles to celebrate the increasing sediment towards
federal legalization.
As the 15-minute chart shows, a downtrending line was broken by price and then retested.
The setup is ripe for a swing long at this time. I see the constituents...
NASDAQ:TLRY
Tilray Brands Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products. It operates through five segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, Wellness Business, and Business Under Development. The company provides medical and adult-use cannabis products;...
Tilray
Short Term
We look to Buy at 3.18 (stop at 2.94)
We look to buy dips. There is scope for mild selling at the open but losses should be limited. A higher correction is expected. Expect trading to remain mixed and volatile. Previous support located at 3.120.
Our profit targets will be 3.74 and 3.99
Resistance: 3.75 / 4.00 / 5.15
Support: 3.20 /...
POTX as shown on the 30 minute chart
is showing an ascending megaphone pattern,
a reflection of increased volatility,
The price is sitting on the lower megaphone support line
and the RSI shows weakness.
Green up arrows show each time the price has touched the
support line it has reversed to the upside. The same for the RSI.
I see this an an excellent swing...
