TLRY breaks out of a 9 month trendline!
Updated
TLRY is currently flirting with (and breaking) a 9 month downtrend line. We can see this strong action throughout all of the pot stocks this morning. I believe this may be the start of a change in trend and may be a good time to be long pot stocks given their secular nature against the backdrop of a newly volatile stock market.
Let's buy TLRY on the trendline breakout here at $43.40
Target 1: $50
Target 2: $63
Stop: $38
Let's buy TLRY on the trendline breakout here at $43.40
Target 1: $50
Target 2: $63
Stop: $38
Trade closed: stop reached
Had a small pop before hitting the stop.
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