Tilray very high R/R trade potential wave 5 aheadBoth wave 2 and wave 4 touched exactly .618. Wave 5 is still in play. Price targets are marked on the chart. Some of them have confluence with ath and monthly close.
2HQ trade ideas
TLRY Buy in Points for next week - The pattern continues to playMarked various buy in points for various risk appetites. Will we see Happy Days ahead? Price needs to remain above support to confirm the pattern playing out.
NASDAQ:TLRY
Tilray $TLRY Bullish BreakoutAfter touching the 500 Day bullish trendline, $TLRY seems to have had a bullish breakout of its local downtrend channel. If it has a successful retest of the break this could potentially be a bullish setup. The targets are labeled in the chart.
~First target $19
~Second target $23
~Third target $31
TLRY Long idea after trenldine breakoutTLRY Broke trendline perfectly. Today bullish run might continue.
$TLRY Target 18.81 for 24.49% $TLRY Target 18.81 for 24.49%
But if you’re brave…. look to chart...
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels…
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Long on TLRY break out?On prev idea, we did TP1 and drop to the SL zone after.
Now we build a new one bigger triangle. And did +25% in one day.
I think it's a good time to try LONG on this breakout. cuz we have a bullish-volume support zone and back to 200MA line.
TP1 ~ 25 $
TP2 ~ 30$
Potential Short Squeeze Setup on TLRY and Weed StonksDaily needs a close above 16.80 breakdown candle high. Above that, it can squeeze to 30 by 8/20
TLRY Wave 4 - Soon to Wave 5If my Elliot Wave is correct, then we should see the end of correction in the next few days to weeks but not more than a month.
$15.30 Price Target for Tomorrow 7/22/21Tilray moving up again today following the projection nicely. We need to see a move up to $15.30 in the next 1-2 days to stay on track!
Reversal Looking Good So FarWe saw TLRY pick up some points today and should see a kick up to resistance level at $15.30 before seeing some retracement.
Looking to see a higher low form after retracement to make a W formation.
🟢 Added to $TLRY New Target 19.84 for 22.92% 🟢 $TLRY Target 19.84 for 22.92%
Or double position at 12.44
I added here because it bounced off of support… if it hits support again (13.41) I will add again before doubling at 12.44.
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
TILRAY - DON'T FALL IN THE BEAR TRAPTilray again looks like a Bear until it isn't. Bullish ABC Pattern retested it's C Bottom at $13.20 shaking most weak hands off the stock.
Price below all moving averages looks to me like a nice bear trap and since retested the C in a 'Spring on Steroids' should now begin her voyage to Fibonacci 0.5 range from here.
TLRY PUTS below $13.40TLRY looks good for Puts below $13.40 . The stock recently broke a major support trend and has lots of room to the down side back to around $12.
DELTA COVID VARIANT - Support BrokenSupport price has been broken but appears to be holding for now.
News of DELTA COVID VARIANT has the market spooked for another "Covid Crash".
No Buy In point presenting itself yet. Wait and see if support holds and if price can get to bullish reversal confirmation.
NASDAQ: TLRYTilray is the world's biggest weed company measured by revenue , i will be brave enough to put my money to trade or invest into this company .
Tlry has dropped 20% from the last month and with today dropping 4% i will be catching the falling knife
Entry : $13
Exit : $11
TP : $22.45 ( long swing )
"not a financial advice"
$TLRY - $12.74 support needs to hold$12.74 is the next support area. If that hold, we can see range bound consolidation between $13 and $19.
RSI oversold. Stochastic oversold.
Good case - 12.74 hold.
Bad case - $9.41
Entry - $12 - $13 (Greedy/high risk)
Stop loss - $11
Profit taking - $17 - $19
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
TLRY Setting up for W formation - BULLISHTLRY looks to be setting up for Left leg of W formation. Right leg MUST be higher than left leg for confirmation.
WAIT FOR CONFIRMATION!
NASDAQ:TLRY
TLRY looks like a good playTLRY is looking good. The 10/20 MA looks like it's going to make a stronger turn up.
