TLRY Trade IdeaTLRY, bouncing off support super oversold looking to enter calls for end of the week. Longby jcoleyy444
CANNABIS BACK TO THE MOON?This is not an advice. Just my thoughts about Cannabis stocks. I personally believe in the product too and the market to grow. Tilray is going to merge with Aphria on 14th of april and on 21th of may they will tell their earnings in a report. I hope to see a retest this week to the 23 area. After a break of 23 we can see more up to 30 or even higher. It's also possible it will stay more around this 20 area just like the past two weeks. Be careful because it is a really volatile stock. Set your SL wide enough because this stock moves with ease + or - 6% per day. I wish everyone good luck and safe trading. Longby megustadinerow116
TLRY Buy opportunityHello traders, as we see cannabis stocks are being beaten down however fundamentals have been improving. It has become apparent that a merger is very likely for Tillay and Aphria. While other companies like canopy growth are announcing to be profitable it seems like the industry is turning around. There can be many reasons why this market is so volatile. One significant one can be option rollovers due to the new option chain that will be available for investors post merger. When looking at which funds are holding cannabis stocks you can see famous names like Goldman Sachs investing into cannabis which I hadn't seen before. Looking at technicals we are sitting on a very important support line and with Aphria announcing earnings on Monday we can see where we are heading to. My prediction is that when they announce good earnings they will run up again. Legalization news will also give this industry some momentum so I believe good things are ahead despite the stock being at the pit of despair.Longby Tradewizard1222214
Tilray: 10x This SummerMerger with Aphria on April 14th. Market momentum waiting for confirmation. Next earnings May 12th. It Will likely look a lot better than the same time last year because Covid Lockdowns were in place. Could happen.....We'll seeby JohnnyBGalt7719
Volume, Buzz, Big Developments -- That is What to Look 4Take this with a grain of salt, but it seems like that would probably be the best time to go big if you really wanted to invest in the sector and play off of these potential Biden legislation developments. I mean, just one look at new cannabis ventures' front page will show you that the sector is still hot, as you can still see all these new deals, buyouts, and equity offerings closing all the time -- lots of activity. I started following the sector in 2016. That was considered the 2nd wave of investing activity, I believe, following the first wave in 2014, but I`m just going off memory. Driving the buzz back then was the California legalization vote, which also drove Canadian marijuana stocks into a sharp, high volume bull trend as well. You saw companies like Aphria, ACB, CGC, Mettrum, and many others beginning to close large private equity offerings in the summer (2016), offerings that increased in size into the 3rd and 4th quarters. The sector then went on to explode in late 2017, 2018, with many of the larger companies buying up land and assets oversees, a practice that brought on allegations of insider dealing. But looking back, I remember very clearly when the MJ bubble popped, and it was when Session and the Repubs came into office. Once the bad news dropped, there was still hope, even with the D`s out, that maybe the R`s would eventually come around anyways, but unfortunately that`s not what happened, and Sessions would soon go on to revoke the Cole memorandum. This, of course, crushed sentiment, for how could legalization ever take place with an administration that had taken such a hard line approach to drug legalization reform. Hence my recent interest in MJ lately. It was MJ legislation delays that broke the bubble--many people at the time expected the D's would legalize, even in 2016 (canada had just legalized in 2015, so with many states already legal, and cali being the 5th largest economy in the world also recently legal, it seemed logical)--and if this is the case, it should be MJ legislation that starts the next bubble. If the next legislation induced bubble is what one is aiming for by investing in MJ, then the best way to catch that bubble seems to be to wait for a MASSIVE increase in volume, social media activity, and, most importantly, key news developments, preferrably in the legislative arena But, again, as always, take this with a grain of salt! just my cents/opinon! Cheersby stocktradez6Updated 8
Good entry for TLRYI think this is worth a shot as we can see what it is capable of. Also, its likely that the top of the triangle gets tested again. If it does, the gains could be around 20%, if it breaks, sky is the limit.Longby brandoncaddowyoung0
Descending triangle approaching key support and resistance areaNot financial advice, Check the previous post for updated comments.by TheChartHub1
Bounce up? I'd like to see the key s/r hold before any confirmation of the bullsby TheChartHubUpdated 226
Cannabis trends! All of these cannabis stocks seem to be following the same trend as eachother! Tilray & Aphria merger coming soon! Tilray + Aphria = Tilray Aphria shareholders will receive .83 x 1 share of Tilray by Mr_ParkerUpdated 771
Low-risk swing tradeThe chart is simple to read with RSI and stochastic both turning up. You can trade up to the blue line, even a day trade. Hold for break higher or reenter after line is broken, since there could be a pullback first or line may hold. For a longer hold I want to see moving averages cross up. Risk is low because stops can be a certain price and/or a percentage of option loss. It depends on your trade. For example near today's open I bought weekly 24 calls for 50cents. I can use 22.99 and 22.80 as stops, and I can also exit if option goes below 0.40. These are initial stops that I may adjust as trade works.Longby OptionsRising3
Ready or not here we go!!!So Tilray has it all, fundamentals..yes i just got the literature, healthy read, from the merger with apha and its looking fantasmagoric. The industry is heating up globaly. Canadian cannabis sector on full boom and consolidation cicle..oportunity everywhere I would thread carefully as always, cause this is a volatile industry..treat as day trade always. Be ready to cal lin the sale afterhours or pre market...if you are fe..eling overnighty.. goodluck \Just a thought Longby eltraderche7
TLRY 2H DivergenceSome Divergence in the 2H Chart. I think we will see tomorrow a bounce from here, because we have a big support in this area. Let me know, what you guys think :)Longby superrichii335
TLRY Sharp CorrectionFollowing my previous post, we now have 1-2 or we have A-B. Next is a 3 or a C that should target $24. Breaking above $24 increases the probability that it is a 3rd wave, and would target $28, $32, $35 and $40. Rejection at $24 would mean more pain ahead. Macro degree, we will either get a head and shoulders, leading the price down to the $10 range, or we get an ABC up to retest the highs, or (least likely) we get a new impulse to new highs. Indices are really scary right now. FED has no clue how to fight inflation and Biden administration with Warren is anticipated to be bad for markets. I am going to stay defensive, and trade only what is right in front of me. by BarkworthUpdated 9912
Hit bottom for first bounce, time to buy.No fancy analysis... just reading the charts taking volume and trend change now according 1min and 5 min charts.by aar1332521Updated 224
TLRY As ProposedWe got the anticipated lower low, we got the bounce, we got a channel break and a retest. Is it a fake out, or is this a sustainable break out? Indices show signs of bottoming as well.by BarkworthUpdated 448
TLRY 1HR4HR and1HR BULLISH CRAB + 1HR SHARK Strong zone Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL BUY Longby PriceActionTradervsa3
TRLY Bottom could be nearI think we could see one more lower low before a bounce, but a bounce should be imminent?by BarkworthUpdated 448