TLRY doesnt look to hotdouble bottom in perhaps i guess we can see, looks like momentum might be flipping built there's still some downside.
TLRY trade ideas
Tilray Brands (USA: $TLRY) Investors About To Get Lucky 🍀Tilray Brands Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products. It operates through five segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, Wellness Business, and Business Under Development. The company provides medical and adult-use cannabis products; pharmaceutical and wellness products; beverage alcohol products; and hemp-based food and other wellness products. It offers its products to retailers, wholesalers, patients, physicians, pharmacies, clinics, hospitals, governments, and researchers. The company operates Tilray Medical, a medical platform that provides GMP-certified flowers, oils, vapes, edibles, and topicals. It has operations in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company was formerly known as Tilray, Inc. Tilray Brands Inc. was incorporated in 2018 and is headquartered in New York, New York.
marijuana could be exhausted to the downside soon (TLRY)tilray brands is another one of those stocks that has seen booms, and since declined to an extreme. we are far from changing the daily trend, but the hourly turn around looks like longs could take a whack at the lower 5s and upper 5s trading in the range that they are with a potential sell climax.
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Descending Channel for TLRY?It appears though Tilray, TLRY on NASDAQ is trading in a descending channel.
A bounce to the downward sloping resistance of the pattern is expected near term, the company is a pump machine with the PRs, Irwin has his eyes on more than Hexo, so in my opinion, the company will continue M&A, and has the rights to change the terms of agreement with Hexo pending due diligence.
Watch out for the DMI, currently trading neutral, if the blue line breaks above the orange a breakout to the upside is either near term or occurring in real-time, and on the contrary, if the blue line on the DMI crosses the red to the downside hold your ankles.
If history is to repeat itself, the RSI has called the micro top of each bounce to the upside inside the descending channel.
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
Trading range for the foreseeable future between 9 Dollars & 3 Dollars. The volatility of the market is likely to cause fake-outs in both directions, trade accordingly.
$TLRY blue dream sniper 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today team purchased shares of marijuana company Tilray Brands $TLRY at $6.10 per share. Our take profit is $7 with a stop loss at $5.90.
Our Entry: $6.10
Take Profit: $7
Stop Loss: $5.90
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TLRY - Bump In The Road to $0.5🛣️Looking at the guppy on a weekly chart its clear to see the enormous february blow off top was nothing but a B wave bump in the road on the way to its destination
Had a few people scoffing / laughing at my 0.5 TLRY call.
My question is - will they be laughing in 2023? 🤔
Not advice.
TILRAY projected area of next peek in US dollars to $107 - $156Tilray has shown an amazing price to Fibonacci circle bottom and top price points over the last several years. As shown in the chart by the red circles indicating tops and bottoms, the potential that Tilray bottomed is clear at the 5 dollar level and is now heading towards the next peak of 107 to 156 US in then next several years. Huge opportunity to get in on the low now and then hold for 2 years for a potential massive gain.
Weed stocksTLRY, CGC, SNDL, ACB
So far this year looks like the weed stocks have found a temporary bottom. Most are curling off the bottom. TLRY has lots of resistance above but last few days has been pushing with increasing volume. Just keep an eye on them if they really start squeezing. Most likely will be looking at some calls this week to see if we can get some follow through. Of course it has been in a nice downtrend overall for over a year but I do like what I have seen last few days.
TLRY - Getting Smashed Up Good And Proper 🔨🔨🔨TLRY falling into the abyss here and finally appears to be revealing the next significant Fibonacci point will not be a 1:0.618!
And this is why ultra volatile names like this are so dangerous because after a crash down from $300 to $2 you could be forgiven perhaps for expecting the bear market would be over.
And after an ultra impulsive bullish rally from $2 up to $66 surely this is the beginning of a bull market??
Well - no and no.
And this is why elliott wave is so important in charting. And one doesn't need to geek out into the lower time frame miniature, but it is very important to be able to distinguish motive, regressive and proregressive.
And well its interesting that most cant or wont be so inclined and end up getting REKT!
I'll admit that around $14 I thought TLRY will very likely find support on the 200DMA to get the bull run going and this would be a bottom, but breaking to the downside that was the beginning or a much more impulsive bearish phase.
And it just hasn't slowed at all and is effectively in free fall.
So I was expecting that a stock that I would like would surely be in correction and settle in the 1:0.618 area for a very deep value buy 🤔.
But "no" again. Price almost certainly has too much momentum to settle there and with stock indexes falling into a bear market so it appears a previously unthinkable bottom may be on the cards..........
A 1:1 @ $0.5.
Yes you read correctly - another 90% loss from here 🙀!
At which point I will be backing up the wheelbarrow ✨!
See you @ $0.5 🔥
Tiray long at $9 ?I have been studying TLRY for a long time.. this trade feels just about right with excellent entry
Can it go lower ? yes! but downside is minimal then upside potential.. since this is a long term trade for me, and I would be adding even if it dips or even consolidates here..
this is looking like accumulation to me here
SL is based on your position and risk tolerance
there are few exits
TP1 - $18.25
TP2 - $38
TP3 - $70
I have a large position (compared to my other trades) as I feel comfortable with fundamentals and entry price. I would personally not take any profits until TP2 or TP3 and wait a little longer
will update this idea as it develops.
lets do this!
TLRY & CGC | Technical and Fundamental Perspective For CANNABISTLRY & CGC | Technical and Fundamental Perspective For CANNABIS
The problem with TLRY , CGC and other Cannabis companies is that they are all waiting for U.S Senate approval and to be legalized.
Actually, they are below their fair value.
The actual Cannabis companies cover 3% of the market.
If the Senate will legalize cannabis the whole market will jump.
It is calculated that they will have an increase in the actual demand by 6 times higher.
They are also expanding in Germany and Netherland lately after cannabis legalization.
One of the biggest problems is that big institutions like banks can not add cannabis to their portfolios as long as it is not legalized.
The banks have major equity when it comes to investing.
This equity will be used by the companies to increase investments.
So just keep it in your portfolio if you have patience and can wait until it gets legalized.
Thank you and Good Luck!
$TLRY smoking on that tilray pack 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: The market has been in loading zone the past couple of weeks. My team is loading up shares of companies that we believe are likely to benefit from this rally.
Today before the market closed my team purchased shares of marijuana company Tilray Brands $TLRY at $6.26 per share. Our take profit is $10
ENTRY: $6.26
TAKE PROFIT: $10
(OPTIONAL) STOP LOSS: $5.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
