TLRY at supportTLRY had a move up and a correction back due to news that it was overprice, should be $10. Germany is talking of legalization and US has a bill for decriminalization. This can be a good opportunity to buy. It has been bearish for quite a while now though and you can set a stop loss below support.
TLRY trade ideas
10 dollar support must hold! 🧐tlry needs to start its rally soon or things will on continue to get worse.
we have seen a few rallies since the initial parabolic breakout but every time it becomes weaker!
this is not good for longs, under 10 dollars support I expect a drop to 5
goodluck, like and follow for more
Tilray 4000% up from here!ITS HAPPENING
Tilray 10,5 usd to 420!
Legalisation in US, South America, Europe and maybe even some parts in Asia.
Its a 100-1000 billion market worldwide.
Tilray in the number one leading international company in the cannabis game.
They already have operations in Canada, US and Europe.
Guess whos going to profit BIG TIME?
Tilray is the Tesla of weed stocks!
fasten your seat belts, the rocket is ready for take ofthis is not an analysis, more a very important information I want to share with you. Please keep in mind, this is not a trading advice.
As reported in several German newspapers, the future German government is planning to legalize cannabis.
Here are some articles I found (only in german, but google translate might help)
www.spiegel.de
rp-online.de
www.n-tv.de
Trade Idea: TLRY Trend ReversalTrade Idea: TLRY Calls
Major Confluences:
- 9/21/50 EMA Crossover on the Daily time frame.
- Strong break above major resistance trend line.
- Major Buying Pressure above the 9/21 EMA's. Prev. close had over 2X the avg volume.
- Stochastic overbought, will be watching for a pullback around the 12.50 price level to hold for an entry on a shorter term day trade.
Disclosure: This is not financial advice and is to be considered my own personal opinion.
Big Moves SpeculationFundamental:
1. With indication of legalization, TLRY could potentially catch up nice momentum here.
Technical:
1. Clear breakout, This might push TLRY to previous highs. I've taken entry on dump after breakout.
Note:
Currently posting only TP1
I would like to see the sector movement as it approach the target