This is indeed a risky approach to the upcoming earnings report but we are entering a small long position. On Friday the 10th when the market was tanking, TLRY had a incredible bounce on good volume once it had filled a gap from Aug 2018. There was also some bullish divergence developing in the indicators prior to this bounce, so a small long offers a good RR in...
TLRY has formed a second entry for a parabolic wedge bull flag and larger high 2, although a doji bar. If the bulls are unable to regain control soon - something is wrong with the bull trend premise. If the bulls do not return within the next few weeks, prices are more likely to be in a trading range and will likely test the tight trading range of the open...
TLRY formed a parabolic wedge bull flag which triggered last week. So far it is failing and testing the bull breakout gap around $40. The bulls will likely try to form a second entry for the wedge bull flag within the next few weeks. If instead the sell off continues, prices will likely test the tight trading range of the open around $20 and from there enter a...
TLRY formed a parabolic wedge bull flag last week which triggered this week and will potentially lead to bull trend resumption. The bears appear to be exiting on a test of the previous weeks bear close but the bulls will need follow through over the next few weeks. If prices continue to sell off the bears will likely test the bull breakout gap around $32 and $27.
It is not a vote of confidence when both the CFO and CEO have dumped shares for 2 months while also announcing a greater than expected loss in earnings. What will it take to win back investor confidence in a stock that gets shelved in the Bubble category.? We can see nothing on the horizon for them, as quite frankly there are better Cannabis stocks to invest in....
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TLRY
