Nearing end of C leg of correction. 5 wave of the C leg, might scalp the last 5 wave with little position on puts.
But really just watching and waiting for a good long call entry with long expiration say 6months to year depending.
If that long term reversal is confirmed by seeing 1 wave with 2 wave correction that doesn't make lower low i'll be trading options...
Here is my update on TLRY price action.
Previously, I thought $34-$35 was bottom but I did not pay close attention to the weekly RSI. Around 3 June 2019 the weekly RSI did not reach 30 levels or below. Last week RSI got much closer to 30 but I still need to see 1) lower RSI (somewhere below 30) or retesting 30. So, I expect to see a downward trend in price for...
So guys, two stocks which are connected and both has some kind of inverted hammer adding to this, TULRAY is in a TD 9 buy, could this be a "buy the dip" situation ? Well I'm gonna give a shot, gonna wait monday to see how the weekly close end and evaluate a possible entry with the monthly close.
No description needed; this cannabis stock is up ~160% since Aug 14th. It trades at ~156X forward sales. RSI shows extremely overbought levels hitting at high at ~87.
I opened the 9/21/18 $50 Puts 5min before the close yesterday. Up about 15% right now, but I think more room on the downside is coming. If I were you, I'd follow along. This one is pretty simple....
ducc just loaded up on TLRY calls due to the 3x macd bullish divergence on the 1D coinciding with tail end bullish divergence on the rsi at critical 1.272 fib level support
Close to buy zone, also numerous bull divs present and appearing to be in minor last wave (1-5) plus in larger falling wedge. Would look for a buy now in upcoming week.
Tilray Inc is engaged in pharmaceutical sector. The Company is a supplier of cannabis products to pharmaceutical distributors. The Company is focused on medical cannabis research, cultivation, processing and distribution of cannabis products worldwide. Through its subsidiary, FHF Holdings Ltd (Manitoba Harvest) manufactures, markets and distributes hemp-based consumer products. The portfolio of Manitoba Harvest includes Hemp Hearts, Hemp Oil, Hemp Yeah! granola, Hemp Yeah! protein powder and Hemp Bliss milk. It also supplies cannabis products to patients in a number of countries spanning five continents through its subsidiaries in Australia, Canada and Germany and it produces medical cannabis in Canada and Europe.
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TLRY
