TLRY has broken its trend on negative CMF volume. Today's 22% gain ran into resistance (center bollinger band) and seems likely to pull back to the central ribbon support/breakout area in the next few days.
Selling vertical spreads on WSB pumps often turns out well. You can get the 15.5/15 for even money.
Both wave 2 and wave 4 touched exactly .618. Wave 5 is still in play. Price targets are marked on the chart. Some of them have confluence with ath and monthly close.
$TLRY Target 18.81 for 24.49%
But if you’re brave…. look to chart...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels…
I start every position with .5 - 1% of my account and build from there as needed and as...
On prev idea, we did TP1 and drop to the SL zone after.
Now we build a new one bigger triangle. And did +25% in one day.
I think it's a good time to try LONG on this breakout. cuz we have a bullish-volume support zone and back to 200MA line.
TP1 ~ 25 $
TP2 ~ 30$
🟢 $TLRY Target 19.84 for 22.92%
Or double position at 12.44
I added here because it bounced off of support… if it hits support again (13.41) I will add again before doubling at 12.44.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are...
First time in a long time that TLRY failed to close above its 200DMA. Despite this, it remains consistently trading around the 786 fib over the last few months. Without any fundamental catalyst, it really could depend on that industry at large. I think the whole MJ Bill was a buy the rumor/sell the news for what it's worth. Not a whole lot of range on the move...
Tilray is currently at a key supporting ascending trend line (red dotted line) which can be seen best on the daily chart.
The only decent spot for a stop loss would be around the prior pivot which is around $13.20.
There is a light at the end of the tunnel focus on a sign that says: Short below 34 only...So if you have "bear goggles" you took that bate above the 34 support and you may have to cover soon..if anything you have entered a battle you cannot withraw from untill you are whole..which will make you trade and trade and trade untill you are whole again. If you are a...
TLRY has been in a triangle pattern for the past month or so
We had a false breakout recently with volume that came in, but no perseverance.
setting entry @ 17.45 but feel free to buy starter position on it
I'm new to drawing charts but to me it looks as though TLRY has held its long term trend thusfar and is on track back to $30 by NOV? Let me know if I just drew random lines or confirm my bias please.
All,
I think AMC is just bouncing around for now in a rectangle, that being said it actually appears this next test up at 64-65 in theory should break. Regardless we broke out of the wedge so I think we see 62-65 end of week. Obviously this can change given the mindblowing "shorts"
We have a green report. As we move inside the squeeze, we are finding a sgtrong support around 51 and targetting the heavily shorted area of 60 bucks. We see no short activity on the exchange , the last being the 17th of this month around 60 bucks. We will accelerate to 80 once we get a clean break through 60, which will be followed by a small retracement to...
A short recovery might be on the cards.
This is a reflection using technical analysis + only and we do not consider valuation and macro factors at this stage.
The Fibonacci targets going down are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically...
