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TILRAY BRANDS INCTT

TILRAY BRANDS INC

1.00CADD
−0.06−5.66%
At close at Jul 23, 20:00 GMT
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TLRY trade ideas

Tilray Earnings SetupRecently my eye has been on pot stocks and the broad ETF AMEX:MJ for signs of life. Most seem to have forgotten about these stocks after years of disappointment. That's when I get interested. On a down day in the stock market at large Tilray NASDAQ:TLRY is UP on earnings. More importantly from a technical analysis standpoint the price had a beautiful hold prior to earnings of the 50% Retracement level of the March rally. This is the same March rally in pot stocks I have noticed above the board. While this opportunity may have passed with earnings it gives a glimpse into possible downtrend reversal. I will be watching this post-earnings price action for a setup. Pot stocks as a theme are now on my radar and they should be on yours as well.
NLong
by norok
2
CANNABIS: What Do You Need To Know About Cannabis Legalization?CANNABIS: What Do You Need To Know About Cannabis Legalization? After so many times the House passes landmark marijuana legalization bill" That is wonderful news when it comes to the cannabis industry. Considering the fact that with the actual situation they are covering only 3% of the market. With the complete process of legalization, It is already calculated that they will have an increase in the actual demand by 6 times higher. Big war between the companies is done for California, one of the biggest consumers of Cannabis in different ways. On the other hand, the actual California market is very active when it comes to Cannabis as all the demand is covered on the black market. So in reality the companies will sell it in the light of the sun for personal and medical use as well. “This landmark legislation is one of the most important criminal justice reform bills in recent history,” House Speaker Nancy Pelosi, D-Calif., said in remarks. What should we be careful about when marketing cannabis companies? Prospects for passing such a bill in the Senate appear to be low because Democrats would need all of their members and 10 Republicans to overcome a 60-vote hurdle needed to advance to a final vote. Technical Analysis: Considering all the positive development and the technical perspective that is already supporting the bullish movement we can see CANNABIS moving higher over the next weeks. However, we need to be very careful in this trading as it looks more like gambling right now as the market is waiting for Senate approval. 🟠This is for all the followers who are asking me how to trade cannabis now? You should be careful as CANNABIS should be approved in Senate as well. Probably you can risk and buy Options in this situation. In the worst scenario, you will have to lose only a specific amount of money and not be blocked on Cannabis shares or probably you can lose also big amounts at this moment as the price is frozen. 🟠This is not trading advice at all...it is only what I am actually doing now where the price has stopped moving. Thank you and Good Luck! Previous analysis 1: Previous analysis 2:
NLong
by KlejdiCuni
10
TLRY | CANNABIS | The House passed legislation | NEXT???☘️House passes landmark marijuana legalization bill -As reported by CNBC WASHINGTON — The House passed legislation Friday that would legalize marijuana nationwide, eliminating criminal penalties for anyone who manufactures, distributes, or possesses the substance. Lawmakers approved the measure in a 220-204 vote. The legislation dubbed the Marijuana Opportunity Reinvestment and Expungement Act, passed in the House last year, but did not move forward in the Senate. The tax would begin at 5 percent and eventually increase to 8 percent. Funding raised through the tax would go toward a fund to provide job training, mentoring, substance-use treatment, legal aid, re-entry services, and youth recreation programs. “This landmark legislation is one of the most important criminal justice reform bills in recent history,” House Speaker Nancy Pelosi, D-Calif., said in remarks. Thirty-seven states and Washington, D.C. have enacted laws legalizing medical marijuana , with 18 states and D.C. legalizing marijuana for recreational purposes The next and most important step is below: Prospects for passing such a bill in the Senate appear to be low because Democrats would need all of their members and 10 Republicans to overcome a 60-vote hurdle needed to advance to a final vote. However, considering all the positive development and the technical perspective that is already supporting the bullish movement we can see CANNABIS moving higher over the next week. Also, CANNABIS has been one of the most mentioned names on Wallstreetbets this week. Trade with care! Thank you for reading!
NLong
by KlejdiCuni
23
Tilray HUGE VolumeTilray - Short Term - We look to Buy at 7.44 (stop at 6.71) We look to buy dips. Trading volume is increasing. Previous resistance at 7.20 now becomes support. Last week Marabuzo is located at 8.56. Traded to the highest level in 70 weeks. Our profit targets will be 9.82 and 10.30 Resistance: 10.00 / 13.50 / 22.00 Support: 7.20 / 5.00 / 2.50 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NLong
by Saxo
TLRY & CGC |LEGALIZATION & Fundamental Perspective For CANNABISCANNABIS STOCK MOVED - FEDERAL LEGALIZATION BILL IS HEADING TO HOUSE FOR VOTE NEXT WEEK🚀🚀🚀 The house of representatives intends to vote on a bill to federally legalize cannabis for the second time in history next week. This was confirmed by congressional leadership. The house will take up the Marijuana opportunity reinvestment and expungement. TLRY & 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. Previous analysis:
NLong
by KlejdiCuni
53
Tilray (NASDAQ: $TLRY): Federal MJ Legalization Vote #2! 🌿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.
NLong
by Bullishcharts
3
TLRY | Cannabis | Legalization Is Coming🚀🚀🚀CANNABIS STOCK MOVED - FEDERAL LEGALIZATION BILL IS HEADING TO HOUSE FOR VOTE NEXT WEEK🚀🚀🚀 The house of representatives intends to vote on a bill to federally legalize cannabis for the second time in history next week. This was confirmed by congressional leadership. The house will take up the Marijuana opportunity reinvestment and expungement. The bill will officially head to the house floor for a vote, reported marijuana moment. All the cannabis stocks moved amid the legalization report. Thank you and Good Luck!
NLong
by KlejdiCuni
29