TLRY - A WEED Stock That Can Get Really HighNice setup on TLRY here that has been correcting from a powerful rally for some time.
On the previous bounce price tagged the 200ma and completed an ABC correction to 0.618. Here the same thing is happening again - price has today bounced off the 200ma and completed a 0.618 ABC correction.
Also price is approaching 1.618 fib time from the two previous peaks.
This is a long term hold and I've bought a LEAP ITM call option here. IV was around 75, high delta.
This stock is a real firecracker if timed well.
Not advice.
Trade ideas
Megaphone on the daily if 200MA is brokenThere is a gap that needs to be filled in 12 - 9.5 level. Invalid if 200MA is not broken in the next week or 2.
This megaphone breakdown will be the fake breakdown to the huge wedge we have on the daily, the final tree shake. It will be followed by strong buying as soon as bottoms.
Not advice. Do your DD. I'm long & doubling my position if we get to that level.
TLRY | Fractal IdeaHey all,
bit of an experimental one from me today.
Since merging with APHA, TLRY has struggled to resume the uptrend earlier in the year.
We can see quite a clearly defined upwards channel within which most of TLRY shares are traded. If the channel holds through today's strength, we could be at the beginning of a similar exponential rise as earlier in the year.
This is purely for illustrative purposes and not a recommendation whatsoever. I will be following this loosely over the coming months to see if this may hold true.
Any thoughts?
Thanks!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
The Illuminati is real. Moon people will invade. TLRY will RIPI've I drew some wedges and found a secret message left to us by the Illuminati and those that helped build the Ancient pyramids of Giza. The current price action resembles a previous wedge that led to the $60 run. That $60 run was foretold by ancient prophecy from the beginning by the great green candle sticks that shot TLRY to $300. Furthermore, all signs lead to another bullish breakout at the apex of the wedge with the height of the run measured by the second prophecy from the green candles of Nostradamus to $56. There is no telling the hour nor the day of the final wedge break, but we have ancient murmurs from our elders who have scribbled on the charts for us to see, a promise of a reckoning for the victims of the drug war.
I'm looking at this chart too much. I need to take a break. See you in 2 months after earnings. By then my Jan 2021 Calls SP $15 should have printed enough to cover my taxes for this year.
$TLRY long play ?
Every thing is on the chart.
Here on closer look of what can a see of the price action : s3.tradingview.com
Dont have a cristal ball but I think it quite possible to see a second bull run this year if momentum dont fade away..
Plus if this play out the RR is pretty good. Worth the risk.
An update on Tilray. TLRYA 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 likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
TLRY - Move to mid $20s - $30 looking likely After a reversal from high $60s, TLRY seems to have found a strong bottom and accumulation looks to be in play.
Price is currently underneath the monthly open supply as well as a major S/R; a trader may look to get long above or near these points, alongside volume expansion. Indeed, price is currently sitting around the 200EMA with other EMAs starting to look very compressed.
Blue dotted = 200EMA
Purple dotted = daily 200EMA
Looking at these EMAs at previous dates may be of interest to traders.
WEED stock as a whole might push TLRY As long as it follows the curve I believe TLRY can hit 28 by mid July. the weed industry is getting lots of attention and lots of money flowing in. Follow the money and that will advance your chances of becoming profitable in this market. Personally, I am buying the august 20 call strike price $20 with a put as a hedge. or the sept 17 call strike price 23.
Looking for further drops on Tilray. TLRYIt was a good run, but now oh it's over now....
Zig zags are happening now. C Wave inbound we believe and we are going down.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
$TLRY 1h tf UPDATE: July 15 onwardsreminders:
1. do not enter without the confirmation.
2. set your stop loss if entering with leverages
3. set your conservative TP
Disclaimer:
a negative catalyst can change a bullish trend
Trade at your own risk
candles may not follow the lines exactly, but it can follow the movement as specified.






















