2HQ trade ideas
Potentially rewarding medium term playBroke out of the downward channel started at the end of 2018. Trying to form a new upward one. All Oscillators bullish, volume confirming moves.
Weekly pivot at $12ish got rejected this week so waiting for a close above it as confirmation
TLRY BUYA break out of this symmetrical triangle means a good push up, we have officially closed above the previous swing low/high 61.8 level which is the first confirmation. Sitting on a break of structure to enter.
tlry is going back at 9he is ready to go back at 9 and then up again trying to break the trend resistance
POWERFULL PATTERNTILRAY is being bought up by institutions. Its "shameless"(hint) now. This creates strong repeatable patterns generrating great day trade opportunities with strong price channels and trading ranges.
At the same time, the whole cannabis industry has been boosted by the blue wave in the us with positive legalization outlook. The global market its huge, etc.
This gives us fuel for rapid steady movement
TIPS for TLRY:
1 With greater opportunity comes greater risk
2 if you cant read it DONT buy it.
3 When this moves its clear, on every timeframe.
4 Tight stops for day trading..trail and cutoff.
5 Always buy at support of the trading range.
6 Watchout for profit taking deep retracements (channel like)
Just a thought..
Good Luck!
$TLRY Tilray-The Fun Begins above $12.15
looks like the Bulls are pushing for a break above $12.15 . it is a crucial level and the 40% short interest will not be throwing in the towel on todays news.
Let the battle commence.
DO OR DIEKEEP AN EYE ON THE BREAK FOR DIRECTION.....
its looking bullish..but it is imposible to know so get ready for both opportunities
GOOD LUCK!
Most beautiful chart I have seen in a long time We have a strong catalyst(merging with APHA) and a beautiful predictable chart and a huge upside potential.
We just need to sit down and watch the signs for going long.
First price target: 9.19-9.43
Second: 12.19
Stop loss: below: 7.61
TLRY LONG - 2021 needs cannabis Boss Method bullish on the daily
increased volume in this range
Target $40
TRLY SetupGet Ready for a huge breakout to the upside! All things look well on the technicals, and we have confluence on the Weekly, Daily, and 4H time frame!
HEXO - Cup n' Handle short play"Cup and Handle" forming nicely, maybe a quick play before the end of the year!
Thoughts and suggestions are welcome:)
Ascending Triangle or Bullish Flag for TLRY?Tilray appears to be trading in an Ascending Triangle pattern, notice the green upward sloping line has acted as support multiple times, fairly bullish considering the now known merger with Aphria.
The blue pattern on the chart is forming a bullish flag or potentially a descending triangle.
On the KST there has been a bullish cross where I have placed the blue downward pointing finger.
The DPO & RSI both seem to have similar appearances, maybe a head and shoulders pattern will form, the next few weeks will give a better indication.
I have drawn a hypothetical red line to show how the H&S may occur on the RSI.
$TLRY entry PT 8.15 PT 15 and higherTilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products to patients, physicians, pharmacies, governments, and hospitals; and for researchers for commercial purposes, as well as compassionate access and clinical research applications. It operates in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, Israel, Ireland, New Zealand, South Africa, Switzerland, the United States, and the United Kingdom. The company was incorporated in 2018 and is headquartered in Nanaimo, Canada.
TLRY - Bull FlagAfter merger it looks like we have found a new floor at around $9.28 area. On the 1HR timeframe it looks like its starting a nice bull flag. After a big move like today we can expect consolidation before we see lift off again. If we can break the $10 resistance than the $12 resistance we could see moves all the way up to $20+ I believe. I also spotted a Morning star candlestick pattern on the 1HR which is suppose to show signs of a reversal. The first candlestick shows bears in control, then the second candlestick shows bearish indecision, then the third candlestick showing that the bulls are now in control. On the 4HR it looks like a Doji but the same rule should still apply. LMK what you see!
$TLRY The battle Is far from Over. Levels to Watch.
Will be a very Interesting day for the POT stocks in general as M&A gives a boost.
How this plays out I am not sure, but I will be trading within the levels on the chart.
Main level of interest is the Fib Golden pocket @ $10.88
Trade this with care, it will be a battle ground stock.
Tilray: weed is growingTLRY is likely starting wave (iii) within wave 3.
Price swings are huge as stock 1-year Beta is 3.71
Possible Long entry @ 9.00, TP 19.25, SL 6.50
HEXO First buy signal on monthly MACDI don't often look at the monthly chart, but this is very interesting
Hoping for a W bounce at $6.86If it gets to $6.86 and has weakening hidden bullish divergence, it could be a nice entry.
Cand we make a new HH ?Earning report this monday. We could see big move. I think from de price action we could see a up side move.
