$TLRY Flat top breakout!If it breaks $10.68, we may see a flat top breakout here! Keep your eyes close on this one. Volume is heating up as well. Only the hammer on 4H concerns me about the where the price would set.
2HQ trade ideas
TLRY TLRY
It's a high riskc stock.
Set up is: if break up the resistance. then buy it again. it will have another wave up.
$TLRY $15.00 Major Target
If the momentum continues this week, $15.00 is very possible.
Currently sat under resistance at $11.00 a break above could result in some major short covering.
Shorts may start to worry that sentiment is changing is the sector and CGC earnings on Friday are pivotal .
Medium term $15 looks like a good target as resistance is very strong in the region
TLRY WEEKLYStanding at a breaking point which is also a heavy supply zone from the March lows. Volumes are accumulating since Thursday. Expect stock trading at 10-10.5 level for couple days next week. Let the volumes accumulate, successful in doing so TLRY is easily getting to 16 within next week. Breaking 10.5 resistance is a must!
OPENING: TLRY SEPTEMBER/JUNE 5.5/7.5 CALL DIAGONAL... for a 1.33/contract debit.
Metrics:
Max Profit: $67/contract
Max Loss: $133/contract
Break Even: 6.83 vs. 7.78 spot
Debit Paid to Spread Width Ratio: 66.5%
Notes: With front month IV at 179%, running a small, bullish assumption engagement trade with this monied call diagonal right before earnings. Back month at the 90 delta, front month monied at the 61 with more than the usual amount of room to be wrong on the downside.
TILRAY $TLRY is getting ready?It needs to get above $10.60 to start an uptrend. the volume is increasing as well.
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$TLRY pamp the Corona Cure Measured move of the ascending triangle lines up with the 707 fib and yearly open. Order flow is bullish.
Short $TLRYShort $TLRY looks like hitting resistance if it breaks we can look for another $1 + but if it cant break look for lower lows.
BullishHi traders, As we can see TIlray has been holding support and rallying with other cannabis stocks. From a technical aspect this is bullish on the lower timeframe. We also need to consider fundamentals. Tilrays fundamentals are not looking so great, this company has a budgeting problem, however they have been growing their revenues at a very promising rate. I believe TIlray will 3x by the end of 2020. Goodluck and stay fly .
TLRY - updateI was going to post this morning and didn't see that the stock along with rest of sector popped on news that pot may inhibit coronavirus. I still believe TLRY will get back to 20 and its next objective is to take out the FIB resistance at 11.65.
TLRY - Potential BreakoutAlerted for volume on TLRY, approaching big resistance with room above and forming right hand side green cloud support for a move up. In 20, 20$ calls for end of June - good luck if you play!
TLRYWhat i have learnt on this stock is they have two way now, rise aggressively or normaly but this stock gone a go up for sure after few months. On the other hand chart shows that they are on bit of confuse way as well.
[TLRY] Boxed in w/ Nowhere to Go but Down, Load Up Pre EarningsBest case scenario TLRY bounces between $7 and $10 until earnings. I think it'll crack below the support there along with overall market weakness and tumble back down, who knows how low, really doubt it'll retest lows ($2.5 is a crazy steal) but anything under $7 really is a great value buy here especially after what ACB just demonstrated but if you're stingy like me you're probably aiming to buy in the $4-$5 range.
The industry gravity seems to be having an especially depressing effect on TLRY (aside from the overall climbing support line). Even as ACB soared and CGC, OGI, APHA and hell even the black sheep of the industry, SNDL and HEXO, made double digit gains, TLRY stayed mostly put.
Everything now reverting to mean because industry gravity is too high, that's only going to pull TLRY lower.
Eventually that gravity will dissipate and all these companies will soar, just a matter if that happens this earnings or next, but will happen.
$TLRY Weekly Review
Major support at $7.25 has held for 3 weeks upon several key tests.
Key levels to watch for possible increased exposure $9.50 & $10.00
Price resistance above these levels are quite weak until the $15.00 level.
If we get a short squeeze its very possible to reach $15 in 1 session.
Lets hope the bottom may be in for the sector after ACB's huge move Friday.
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HEXOrequest. is the bottom finally in? with the NYSE warning notice and the very low price, will insider investors start loading up?
Technical Analysis on TLRYNASDAQ:TLRY
Wow what a chart. Down over 95%. Will the bleeding finally stop?
Drop to 1.618 support with inverted hammer signals a reversal. Previous drops after pops have acted similarly as show on the chart with fibs charted out.
It is down out of that huge descending trend area, lost that long time support which could act as major resistance. Very interesting indeed.
Some chart info:
Moving averages are exponential. Indicator is by LazyBear called 8x MA with configurable lengths
Green: EMA 10
Skinny Red: EMA 20
Thicker Red: EMA 26
Orange: EMA 50
Light Blue: EMA 100
Dark Blue: EMA 200
Skinny Black: EMA 250
Skinny Purple: EMA 300
Bottom indicators are:
RSI (14, CLOSE)
Stoch RSI (3,3,14,25, CLOSE)
Stoch (5,3,3)
ADX and DI (14,20)
TLRY BUY (TILRAY INC)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for buy
