TLRY - Start Of The Bull Market 🔥 ?Is this the start of the bull market for TLRY ?
There are plenty of signals to suggest that it is about to begin... 🔥
Not advice
Trade ideas
Can we finally rip to $2.50 and higher ?Here's what I see for Tilray. Looks like we're in major wave 3 and I expect price to top out at around $2.50 -$2.60 and close the gap from April. From there it should retrace to slightly above $2 and then rip higher.
Headed Higher Through 2.15 and 2.97The corrective pattern developing in wave (2) has been stubbornly pervasive for nearly an entire year but recent price action would suggest the end of wave (2) has finally come.
It appears that wave C of (2) developed as a neat and textbook ending diagonal with a perfect reversal from our downside limit of 1.50 (the wave (1) origin). Ending diagonals typically imply swift and sizable reversals and price should now begin to develop higher in an impulsive manner through 2.15 and 2.97 in wave 3 of (3) against the 1.50 low. A violation of 1.50 voids the bullish forecast.
TILRAY RETRACEMENT A retracement does not imply a change in the trend, but rather a temporary pause or pullback. A retracement does not invalidate the previous trend. It confirms the trend, as the price resumes its original direction after the retracement.
Lower prices are an estimate but do not mean there has to be a retracement. They do reject many times depending on volume.
$TLRY - Can it breakout?NASDAQ:TLRY Looks good for a potential triangle breakout.
Targets:
$2.62
$3.37
$4.43
Tilray Brands, Inc. Goes Bullish? Best Prices In 6 Years!People should be able to smoke whatever they want, that's for sure but I understand why cocaine was banned in the United States in the early 20th century, people were too high and getting out of control... It should be controlled that's for sure but not necessarily made illegal.
Ok, we are going into technical analysis as nobody cares about opinions.
TLRY seems extremely bullish right now, or least it is preparing for something so it would be interesting to look at the fundamentals for this stock or the cannabis industry as a whole.
TLRY produced a double-bottom this week to the cent compared to a year ago.
TLRY hit a low of $1.50 in June 2023 and this exact same price was hit this week, August 2024. It is amazing. As this support level was hit buying quickly followed and now we have a session/candle with a long lower wick and a small real body. A bullish candle but the week is not over, it is only getting started actually.
This type of candle coupled with the long-term double-bottom, good volume and long-term consolidation pattern can precede a bull-market. So something is about to change for this company or industry.
Even if this stock experiences lower prices in the coming weeks and months, it is likely that a trend reversal will happen soon. The thing has been crashing since September 2018 and change seems imminent now. This is only my speculative opinion based on chart data. What actually happens is for the market to decide.
I am bullish on charts like this one because I like to buy low/near support. It is the best time to buy because once you have a good entry, you can withstand the swings, market reactions and shakeouts that invariably happen when a trend develops.
I am not telling people to smoke weed but TLRY is now looking bullish; the best prices in six years... Lucky? We won't know until after the event.
Thanks a lot for your continued support.
This is an interesting chart.
Namaste.
TLRY Long 7/13/24Tilray has developed a series of very deep second waves following the completion of wave (1). Despite this, price has nonetheless adhered to the proper Elliot wave form and has begun to turn from the crucial 1.60 level. If the forecast for a third wave of a third wave is correct, prices should very rapidly begin pushing higher through at least 2.97 and 5.12 against 1.60.
TLRY Tilray Brands Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TLRY Tilray Brands prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.29.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TLRY pivotal pointEither goes up or down from here :) might be a false break and then shoot back up? Thats my hope.
TLRY bottom and reversal?Tilray appears to have stopped bleeding and hit the bottom. Talks on capital hill may be enough to start a rally. RSI appears to be heading bullish. Resistance at the 2.50-2.60 range
TILRAY DUE FOR A BOUNCE???As you can see on the chart NASDAQ:TLRY has been bouncing off of the purple trend line since 2023. I think it is due for a pump.
TLRY and its peers jump on high federal news catalyst LONGTLRY on the 2H sharge shows a draamatic trading response to the DOJ recommending the
reclassification of marijuana. No much to the analysis = these will have momentum until it
fades. I suspect good continuation plays here until mid -day on Friday when profit taking
and sell-offs will dominate. Short sellers will take positions at the tops as well. In the
meanwhile long trades are the low lying fruit.. The risk is a bit lessens by the surge from
the news. Others include SNDL, OGI , ACB and the ETF MJ for those who like to spread risk
across a basket of stocks. For the time being these stocks will be truly buzzed but do not be
late. Stay home if you are.
TLRY Cannabis Stocks accumulation zoneWith cannabis legalization on the horizon in the us and the current support found at 2.00-1.90 for Tilray brands price, looking at our indicators we can see that the RSI is very oversold and could be looking for a potential reversal. We have also tested multiple times the price below 2.00 with out it being there for long.
TLRY big 3.35 ResistanceTLRY has resistance cloud that also aligns 3.35 strong resistance, consolidation for few more days/weeks.
Once the 3.35 resistance is taken out then 4.49 and 9.97.
Tilray Long Breakout NOW?!Hello guys,
taking a closer look at Tilray,
things look like blue skies to me right now.
Tilray seems to have build out a beautiful 1-2 Setup now, with a third wave following next reaching likely the extension target 1.618 which is a +- 100% move in this wave 3.
Afterwards a slight pullback in a wave 4, followed by a wave 5 is next in my opinion.
Enjoy buying that low as long as it is possible fellas.
Enjoy your days, & trade safe.
- Your Mr.MoMoney
looks ready for a bounceI just bought 4k shares and some June & Sept $2 lotto calls, Not really liking what I'm seeing here overall, but seems like it's at the bottom of the channel/oversold. Hopefully we are close to an answer about DEA rescheduling - which could drive a breakout from this symmetrical triangle. Risky
BreakoutTilray crossed bearish trendline (purple) and entered again into side channel 1.93$-2.10$
I think price will move inside the channel for some days berfore breaking out
First target to reach should be the purple dotted line around 2.40$
Short term channel is bullish (green) but long term one remain bearish (red channel)
TLRY - 420 to the MOON or is CANNABIS FINISHED?This chart is pretty explanatory, and probably doesn't require much explanation.
I'm bullish on this stock.
I'm 90% sure Dems push cannabis legislation through as it's a bipartisan issue for the most part, and will look good for both parties pre election. Starts with credit cards and banks, imo.
Don't follow green line path as gospel, it is often incorrect, but helps me plan a preliminary "ideal" path based on indicators. It helps with backtracking predictions, and keeping emotions in check, as you know what "past you" saw.
I like 1.89 as a big time buy target, but it could easily go lower.
Relevant trends and targets marked.
Watch out, current trends are showing the run-up into earnings, which would allow for a drop.
Does this mean anything? Not always, but it's good to note.
current bullish price movement doesn't have to end if rejection trends and targets start to break and confirm.
Good luck!
TLRY long termTLRY long term accumulation, seen similar patterns where they form a base and eventually run higher.
Tilray - Its timeTilray has completed a type 2 bullish shark and caught followthrough price action on Friday.
Long to the three targets. If you are seeing this late then I'd wait on a down day to enter, if it never comes then you've missed the entry and another opportunity will arise.
We are also long on SNDL with a similar but weaker setup
Tilray & the three white soldiers 🚀The three white soldiers have appeared indicating a possible reversal after a period of heavy decline. I entered this trade @ $1.94 & I am certainly long on this one!
Tilray seems to have found support at around $2.40 which has been an area of resistance. I expect a surge towards the upper $3 area in the coming days.
Tilray ($TLRY) 4.20 and beyondLooks like a massive ZigZag has finished on Tilray. C-Wave is pretty much exactly .786 the length of the A-Wave (in log).
If the impulse from the low is completed, it's a bit too early to call for a completed correction, though not entirely impossible, if this finishes as a Zigzag down (meaning we're currently in the C-wave). Timewise it would seem too short though, so this might need a bit more time to offer the next long.
i.ibb.co
