Dear Cannabis Sector friends!
In our previous TLRY idea we had asked ourselves: Can TLRY repeat what EOS from crypto space did already? (See the link below)
The answer is: Yes. And this is the beauty of Technical Analysis: No matter where you go, which market you wanna play, human psychology never changes.
A beautiful descending triangle gets broken bearish,...
The Marijuana Industry is greatly on the rise and Tilray is one of the top pot stocks to invest in. The Megalodon is giving us the buy sign we need on the technical side.
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes!
December 7th was the date on which $TLRY triangle broke out (downside). If it repeats, I would add puts after breakout + retest and aim for next support area as TP1 (69 ish). If that support doesn't held, there are lot of gaps to be filled below it until next support. If it breaks up, next resistance is 88 ish.
Earnings came out this week and for those who did their homework it was no surprise they where a huge miss. Insider selling in Feb. at the high, terrible EPS, clueless CEO, too much HYPE! Cannabis earnings will continue to roll out next week, further validating the over valuation of the cannabis sector. It took Tilray what felt like an eternity this week to...
Based off what I've heard from many financial experts and watching the stock market over the past couple months I can see a potential spike in the stock of Tilray. Also, one main contributing factor in many states and the legalization of medical marijuana will certainly help the growth of Tilray and I'm sure many other cannabis companies like Aurora
NASDAQ:TLRY
Notice the low volume and the bearish candle on the daily chart while it fails to breakout of the box and is barely supported by the 20 ema
Hello dear Cannabis/MJ-Sector friends.
I just wanna make you aware of the crazy similarities between TLRY & EOS from the crypto world:
On the last run up, EOS 5xed and Tilray 10xed
Up until the Weekly Triangle equilibrium, both had corrected 73% from their tops which is almost scary
Before the break of the EQ in EOS, I had looked at potential previous S/R zones...
Looking for a break out based on the 60 min chart consolidation shown. RSI has leveled off, good volume on a break will push this back above $80 and could retest $83 in the coming days.
Will watch volume here. Looking to play 3/15 options on good volume. IV is low based on historical highs
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NASDAQ:TLRY
