Tilray (TLRY) : Marijuana is comingDue to Marijuana is going to accept in a lot of country
Tilray is one of big company which have Marijuana product & their product is expanding & export to other country
Please monitor business growth of this company
Stock graph is continue rebound after USA government accept to stimulus package
Currently stock graph's trend is going up
TLRY trade ideas
$20ish for a deadcat bounce play if the market remains strongAfter years of political opposition, the republicans are finally out of the way. If the market remains strong, this could be a nice opportunity to add shares, preferably around $20.00--but not a full position.
The trend is down, but in the short to medium term, you might see some deadcat bounce activity. TLRY is a popular stock, and it appears to be highly manipulated. Mid to long term, favorable news about legislation could drive whales to accumulate larger positions
Just an idea of course. Invest @ your own discretion, lol.
Cheers
TLRYCharting parabolic moves is impossible. I've said it before, but made an attempt anyway. The first leg of the correction was predictable and textbook. Right now, we're in a bit of a limbo.
I have abandoned the macro count for now, and will reassess when more data becomes available.
For now, I see a channel, and I am playing for a bounce. Bounce could be impulsive or corrective. Two paths proposed.