Tilray TLRY Ready to Move
Updated
Tilray has reached the apex of a symmetrical triangle and is ready to move.
Stoch, ADX and OsMA are saying down, but I wouldn't take a position until there is a clear break. This could go either way, but I assume the move will be pretty substantial.
Stoch, ADX and OsMA are saying down, but I wouldn't take a position until there is a clear break. This could go either way, but I assume the move will be pretty substantial.
Note
Changed into an ascending triangle which means we're seeing accumulation. I would expect another breakout to the upside.Trade closed: target reached
Bought on the retest of the breakout. One of my best trades of the year.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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