Buy TlryHello traders, Ive been preaching for Tilry buy since March. Everything is coming together for another explosive rally. Considering the fundamentals, the merger with Aphria is a great catalyzer to shoot the stock higher. I am almost certain that TLRY will announce a positive EBITDA just before this earnings season. Now, how are the technicals? I cannot emphasize that enough that you need to look at the trend its looking great. The trend, on the weekly, is at the wave 3 and i predict by earnings in March Tlry will be at $37. The marijuana market is trending again. Last time Tlry went to $300 highs. It can be possible to get there with a short squeeze. Tlry's short interest is 25%. If the stock shoots higher expect the growth to be exponential.
Trade ideas
TLRY going higher before FridayMy charts are showing me that TLRY still has room to jump higher another 4 points to maybe 30 this week. Momentum is still showing on my charts to conintue maybe jump up tomorrow. I am holding $25 call options expiring this Friday and may sell tomorrow on opening jump up.
These are my views only and this is for educational purposes only.
TLRY bull wedge? short term to 20+?This is a pretty great looking chart (sort of looks like a dragon!). I show a bull wedge forming with support on the bottom end from both the 50 hour and previous uptrend line. Should be good for a short term trade (i.e. next 10 days) to 20+. i'd say the trade is broken if we close meaningfully below 17.
US Stock In Play: $TLRY (Tilray Inc)$TLRY further extends its 2021 vast rally with a day gain of +22.98%, closing at $23.49. $TLRY engages in the research, cultivation, processing, and distribution of medical cannabis. The total gain achieved by $TLRY for 2021 stands at +179.64%.
The first accumulation signal of $TLRY coincides with a higher opening at premarket which broken out of its 5-weeks Symmetrical Triangle chart pattern on 16th December 2020. It was noted that substantial buying pressure kicked off the run up on 6th January 2021.
At the current junction, average price volatility of $TLRY ranged within 8%/day with continuous volatility expected on TLRY bi-directionally.
TLRY till death do us partTilray is a global leader in cannabis research, cultivation, processing and distribution. On the chart, it's clearly in the process of digging itself out of the grave. There's a lot of buzz due to the recent merger with Aphria and potential legalization of marijuana under the Biden administration. I'm a buyer, and will probably hold half of my stack as a longer term investment, and actively trade the other half. Let's see what happens!






















