TLRY and its peers jump on high federal news catalyst LONG

Updated
TLRY on the 2H sharge shows a draamatic trading response to the DOJ recommending the

reclassification of marijuana. No much to the analysis = these will have momentum until it

fades. I suspect good continuation plays here until mid -day on Friday when profit taking

and sell-offs will dominate. Short sellers will take positions at the tops as well. In the

meanwhile long trades are the low lying fruit.. The risk is a bit lessens by the surge from

the news. Others include SNDL, OGI , ACB and the ETF MJ for those who like to spread risk

across a basket of stocks. For the time being these stocks will be truly buzzed but do not be

late. Stay home if you are.
Trade active
75% of the position closed for realized profit at 2.5 while the remainder of the position has faded. Holding for an unlikely second leg up.
Comment
Sideways and patient.
Trade active
till holding and targeting 2.50 for a partial profit taking.
ACBDEAfedralregulationGrowthmjnewscatalystOGITLRYValue

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