TLRY had another strong day today with heavy volume into those close. Previous ATH was 97.36 which we broke twice today, but failed to close above, were also making a rising wedge pattern and having the double top is adding to the short case. Would like to see it stay in the wedge until the open tomorrow, and look for a short position out of the wedge. The volume...
If the bulls can break through both resistance levels at 85.00 and 93.00, we should reach our target price of 100.00.
If the bears break below the 77.00 support level and that support level becomes resistance, we'll be heading down towards 65.00.
What are you guys thoughts on this?
No description needed; this cannabis stock is up ~160% since Aug 14th. It trades at ~156X forward sales. RSI shows extremely overbought levels hitting at high at ~87.
I opened the 9/21/18 $50 Puts 5min before the close yesterday. Up about 15% right now, but I think more room on the downside is coming. If I were you, I'd follow along. This one is pretty simple....
I am still in Tilray, but I do not know how long this will last. How far can Tilray go? Is this really a $100.00 stock considering their IPO was this year? Is this a great stock to hold onto? Is Tilray worth $100.00, or is it really a $30.00 stock? Any thoughts?
Pretty clear wedge here. Moved up 6pts on big volume before consolidating nicely and forming a clean wedge pattern. Closed strong going into the close. Could be a good breakout here for continuation on Tuesday.
Despite the huge run its had and being called overvalued, the daily chart here show's far less bear volume on the red days compared to the bull volume on green days.
I was told this stock has a small float, implying there could be a lot of hodlers of the stock that dont plan on selling anytime soon, yet clearly there is high demand
I am expecting a drop, but I'm...
Cant believe it but TLRY looking very bullish again. Gapped up on good news and coiled on huge volume. Low short float. 63 big resistance. Gapping above could be big to see it holding above 63. Would be crazy to see this thing keep going up.
This stock has been going up so quickly that I am honestly worried. I am trying to ride the wave as much as I can, but when does it correct itself? I'm still in it, but I don't want to be in when the bubble pops.......or is it really a bubble? Any thoughts?
While volume still looks strong we are starting to see some divergence on multiple indicators. I'd wait for this to cool off before going long. Tomorrow might be the day to go short. I wouldn't be surprised if it was up PM and started heading down after open.
stocks like tilray are likely to go down after gaining this is very common for newly released stocks, like fossil for example went up 246%percent in month it is now a pretty bullish stock
I think that this stock is starting out strong because of the amounts of cannabis being grown. ever since marijuana has been legalized for recreational use, hospitals have had access to the product no end, because of the rising amounts of cannabis growth in farms, greenhouses, etc.
If you are a passive investor i would not recommend purchasing shares of...
i made this idea because i noticed that when i had bought a share of Cronos group it went up and down and up and then down again but once i heard good news i noticed the stock doing much better and i realized thats because more shares were being purchased because other people had heard about it tooit is stil going up but i would not bet against it going down at some point
