$TLRY back to $10?...If so, same week $10's at $0.16 could be cheap. I grabbed a 1/21/22 $10 call at $0.87, sit and hold.
2HQ trade ideas
Buy $TLRY - NRPicks 20 AgoTilray Inc. engages in the research, production and distribution of medical cannabis. The company offers cannabis-lifestyle and consumer packaged goods, offering medical cannabis in extracts and dried flower forms; including purified oil drops and capsules.
-Revenue TTM 513M
-Cash TTM 488M
-P/B 0.77
-EPS Next Year 82.80%
TLRY Swing Idea, LongPlease note I am using the logarithmic scale for these charts.
TLRY was in a clear downtrend for 78 weeks, and has since been consolidating for 34 weeks. with highs of $300, and a current price of 7.40, this thing has huge potential for a large bounce. on the 1W chart, we have been essentially range bound since the highs and have recently broken above.
Trade Idea:
I will be position trading.
Buying throughout the trading session on NOV 13th, so long as $7 to $6.70 holds intraday.
SL if price breaks back into the long term range and breaks below the current higher low on the 4h chart, around 5.35
PT above 10 selling bits and pieces on the way up. Could see this retesting $25 and even $50
$TLRY is looking for a Pump!$TLRY is looking like it is getting ready for another pump once it breaks out of current trend.
My points being....
1. Strong Bullish RSI Divergence
2. The Old Supply area is acting as a New Demand level as seen with the red arrows
3. TLRY is creating a Falling Wedge Pattern which is known for being a bullish continuation pattern
4. The ATR is in an uptrend which means TLRY is gaining volatility. This is very important for breaking this wedge pattern.
My key resistance levels are listed.
Trade at your own risk and always buy/sell after a clear breakout and/or retest of the old trend!
Trade safe!
Downtrend broken and at supportIf you're a swing trader with mid and long term outlook you definitely want to buy here
Tilray in trouble short termSupport at 9.5 is a no-brainer. Weed will start picking up in 2022 but I don't see another run up until 2023.
It's time to Long TLRYI see here an interesting spot to invest. The price comes to the strong resistance lvl: 10$.
It's key lvl by support lines also it's a strong psychological lvl.
So this is my argument 🧐:
📃 Oversold. -83% price dump from the last local High.
📃 10$ strong support zone.
🚀 Huge volume on 12$ - possible investors "accumulation zone".
🚀 Price "Plato" for the last 4 weeks. Looks like accumulation for the pump.
📃 Under 50 MA on W chart.
🚀 Risk/profit ratio ~ 4
So what I am expecting here: it's moving to 50 MA zone on W chart. It's ~16$ for now or 40% gain. SL you can put under 10$ support line.
$TLRY on watch again…Now that we have consolidated once again between $10-$11, I am going to start looking for a Jan/Feb call play idea
TLRY:🍀An In-Depth Analysis Of TLRY🍀Technical Analysis:
TLRY broke out from two different “Classic Patterns” corresponding to two different time frames, the daily chart, and the 4-hour chart.
In the daily chart, we can see a "Falling Wedge" pattern and in the 4-hour chart, we can see a "Descending Channel" pattern.
Also, the price is testing for the third time the pattern's base.
As a start, we need to see the price move above $ 14.
From here we can see a strong increase in the bullish momentum.
Fundamental Data:
In August, Tilray bought the majority of convertible notes of a U.S. cannabis retailer called MedMen (MMNFF).
The retailer has 21 licenses and 25 retail operations across California as well as in Chicago, Las Vegas, and Boston.
Further, the deal will give Tilray the ability to convert into 21% of MedMen’s equity in the future.
Over the past year, Tilray acquired a U.S. beverage company: SweetWater Brewing Company.
It also acquired Manitoba Harvest — “the world’s largest hemp food company”
So it all depends on when the full legalization of cannabis in the US takes place.
With this Tilray hopes to become an American-Canadian cannabis company.
Targets:
14.00
16.50
19.00
22.00
30.0
Thank you and Good Luck!
Tilray LongWe are either currently finishing wave 2 of Overall 3 or we just finished A of wave 2. I favor that we finished the 2nd wave. But will just have to watch this bounce and see how it plays out. Target for wave 3 is 16$. If I notice that it looks like we are in B instead of starting wave 3 I will probably trim some of my shares around 12-12.50$. Average $10.91
TLRY at supportTLRY had a move up and a correction back due to news that it was overprice, should be $10. Germany is talking of legalization and US has a bill for decriminalization. This can be a good opportunity to buy. It has been bearish for quite a while now though and you can set a stop loss below support.
10 dollar support must hold! 🧐tlry needs to start its rally soon or things will on continue to get worse.
we have seen a few rallies since the initial parabolic breakout but every time it becomes weaker!
this is not good for longs, under 10 dollars support I expect a drop to 5
goodluck, like and follow for more
Tilray 4000% up from here!ITS HAPPENING
Tilray 10,5 usd to 420!
Legalisation in US, South America, Europe and maybe even some parts in Asia.
Its a 100-1000 billion market worldwide.
Tilray in the number one leading international company in the cannabis game.
They already have operations in Canada, US and Europe.
Guess whos going to profit BIG TIME?
Tilray is the Tesla of weed stocks!
TILRAY INC LONGTilray looks ready to pop. Rotated positive off the yearly Pivot. Weekly lows bought on the 1hr. Stop loss below last swing low. Clear room to move. 2% risk on this one.
fasten your seat belts, the rocket is ready for take ofthis is not an analysis, more a very important information I want to share with you. Please keep in mind, this is not a trading advice.
As reported in several German newspapers, the future German government is planning to legalize cannabis.
Here are some articles I found (only in german, but google translate might help)
www.spiegel.de
rp-online.de
www.n-tv.de
$TLRY hourly look...This is the zoom in of where I was hoping to hold the line, just a small sample size on the two day volume profile, showing this as a key short term area. If we don't hold, might drop into the $11's..
$TLRY study...So far my $14's aren't working, but I only played what I was willing to lose, so I'm holding. This chart is my study to see if we can repeat the last week pattern.
$TLRY goal...The bullish case would be to get price action similar to January and June, allow for retests back to the 21 day sma, then continue up again. Longer term calls still the best play, even though I reentered same week for fun...
$TLRY nice pullback...Trying some $14 calls same week now that we had some consolidation at $0.24, just a little that I am willing to risk
TLRYLiking the price action these last few days/weeks. Broke out of the downtrend from early February. Now looking for a pullback to the 0.618 retracement ($11.50ish) to possibly get long.
