This chart is pretty explanatory, and probably doesn't require much explanation.
I'm bullish on this stock.
I'm 90% sure Dems push cannabis legislation through as it's a bipartisan issue for the most part, and will look good for both parties pre election. Starts with credit cards and banks, imo.
Don't follow green line path as gospel, it is often incorrect, but...
I just bought 4k shares and some June & Sept $2 lotto calls, Not really liking what I'm seeing here overall, but seems like it's at the bottom of the channel/oversold. Hopefully we are close to an answer about DEA rescheduling - which could drive a breakout from this symmetrical triangle. Risky
Tilray has completed a type 2 bullish shark and caught followthrough price action on Friday.
Long to the three targets. If you are seeing this late then I'd wait on a down day to enter, if it never comes then you've missed the entry and another opportunity will arise.
We are also long on SNDL with a similar but weaker setup
The three white soldiers have appeared indicating a possible reversal after a period of heavy decline. I entered this trade @ $1.94 & I am certainly long on this one!
Tilray seems to have found support at around $2.40 which has been an area of resistance. I expect a surge towards the upper $3 area in the coming days.
Looks like a massive ZigZag has finished on Tilray. C-Wave is pretty much exactly .786 the length of the A-Wave (in log).
If the impulse from the low is completed, it's a bit too early to call for a completed correction, though not entirely impossible, if this finishes as a Zigzag down (meaning we're currently in the C-wave). Timewise it would seem too short...
Tilray Brands, Inc., ( NASDAQ:TLRY ) a leading global cannabis-lifestyle and consumer packaged goods company, recently released its financial results for the third quarter of fiscal year 2024. Despite facing a challenging market environment, the company showcased resilience and growth across various segments, demonstrating its strategic positioning in the evolving...
Tilray tested its resistance three times and finally broke out. Now its testing the new support. If it stays above and build a candle above the support, this could be a good entrance. The SMA shows a bullish crossover.
On the other hand the RSI looks bearish and is maybe too high. The MACD shows a bearish crossing, too. And the Volume is going up - but maybe not...
As the cannabis industry continues to evolve, Tilray Brands, Inc. ( NASDAQ:TLRY ) emerges as a frontrunner in the global cannabis lifestyle and consumer packaged goods market. In a recent announcement, Tilray ( NASDAQ:TLRY ) unveiled its latest product lineup and 420 celebratory activations across Canada, offering consumers an array of diverse cannabis products...
A bit of Fibonacci with some ineresting patterns that I've seen play out over time.
Earnings coming up in January? Could that blow things up to the upside or continue our sideways pattern? I'm looking at this almost purely from a charting perspective. Would love to hear your thoughts.
NASDAQ:TLRY is approaching a resistance range and is at the top of a W pattern. It's rsi is also overbought above the 70 level. Volume is also trending upwards and has reached the level where the previous volume high (and price trend reversal) was.
The trading opportunity is around the 3 scenarios shown in the chart, with, due to the technical indicators...
Tilray Brands (NASDAQ: NASDAQ:TLRY ), once a shining star in the cannabis industry, finds itself in turbulent waters as its stock price struggles amidst a series of setbacks last week. Despite aggressive growth through acquisitions, Tilray's stock has plummeted, trailing behind major indices and leaving investors questioning the efficacy of its strategy.
The...
Tilray crossed bearish trendline (purple) and entered again into side channel 1.93$-2.10$
I think price will move inside the channel for some days berfore breaking out
First target to reach should be the purple dotted line around 2.40$
Short term channel is bullish (green) but long term one remain bearish (red channel)
