This is highligh technical play with loads of false signals historically. We have a tripple depth break with very high volume happening after earning smonths, in line with historical performance. There is a cup like formation (dont like to say tea cup cause there is some details that need to line up perfectly to call it) with a neckline break on an ascencing...
We have a super strong support and unusual volume today. It is an earning play which could help propel the next bull cicle of the stock.
Rsi in line with predictions and afterhours activity seem to indicate a nice buildup for a great day. Trade only above breaks and volume must maintain during the day. Wait for flush at open and ride the wave. It breaks...
Look at the reersal channel and the break, look at it also with afterhours to see the pump and dumps leading to the reversal consolidation break.
Good luck, wait for olume on the day and a positive intraday trendline
I dont do many of these predictions, as it is to wide a range to estimate on..i mean ..its the market moneyflows...
However, i am gonna go out on a limb to predict a posible bull run for NASDAQ
I will be sharing some of the bullish stcks that wil make this run posiblewhen i have time later..
Good luck ..keep an eye on this
The setp up its market and sector dependent, as its all along the same neighbourhood. We need upward confirmation on any major player in the sector, cgc, tlry or cron(for mega corfimation). However this is fanteastic risk reward entry at the bottom if you are game
It is a great trade because the risk reward factor its perfect
We enter the trade at the bottom...
If you walk into a gitar shop and start playing stairway to heaven or hotel california its a kick in the ass...Analising a reddit favorite its as hit and miss and comon as it gets.
So here we go:
We have a great support at trend line, though it received a nick we are still whole. The fomo around this stock makes it a no no from many diferent perspectives for...
So Tilray has it all, fundamentals..yes i just got the literature, healthy read, from the merger with apha and its looking fantasmagoric.
The industry is heating up globaly. Canadian cannabis sector on full boom and consolidation cicle..oportunity everywhere
I would thread carefully as always, cause this is a volatile industry..treat as day trade always.
Sector wide pattern, bottom of the channel, burst of volume in short timeframes. Wait for confirmation break above resistance and trail stop every resistance on the way up, it breaks support its a gonner, carefull...
No the best company, carefull.
Once it gets going , its dificult to stop the momentum on this stock.
Only if you are ready, and have some fast tool would adise to wonder into this forest....
There is heavy upside but huge volatility up ahead
Look fo te entry point above the number breaks 1,2,3,4 using the support as stop loss each time...dont stay to long inside the forest...come out for picnic and wait for the next support break before re entry.
Very carefull the sotck is on a clear downtrend...will it bounce back..well if it does this is one likely scenario...coul happen in th enext few minutes or deep a dolar lower and play out.
IF YOU ARE STUCK TIME TO ADD UP..:) OTHERWISE POSIBLE DAYTRADING RUN
Look out for the play.
Heavy resistance break, strong bull pattern..week over week build up...Here comes the freight...damn boats stuck....double the runs to keep all coasts filled up with inventory.
Good luck, wait for entry point, day trade
The upside its overwhealming. The resistance being broken resulted in huge moves before and rejected strong uptrend to turn them into neutral movements for many bars. Now it its moment to shine and break through this milenarian resistance.
Good luck, though you wont need it for this one.
Just a thought,
We have a strong resistance break which will result in a change in trendline from neutral to bullish. This stock is overdue for that run, it will give us a nivce swing trading run and some heavy daytring days on the way to the last resistance.