olly48

Tilray Given Up All Gains, Time to Buy

Long
NASDAQ:TLRY   TILRAY INC
The potential for huge growth in cannabis companies is obvious. The spike we have seen in the past week has retraced almost all the way back to where it started, this offers a great chance to re-enter longs. The spike may have been caused by the Reddit craze nonsense which explains the big dump as well but this is still a good trade/investment.

I would like to see the price stabilise in the current area and confirm that the support here will hold as it has been very volatile. If it does hold here and show that it will rise then the previous high is a good target, around $64. If it breaks this resistance then a target of $115 can be next, this is 0.382 Fibonacci retracement from the all time high to the low. If you are looking at this as an investment there is no telling how high it could go.

Comments

Bag holding TLRY. Big losses at the moment but I'm stick on the same hypothesis as you. Let's rocket this stock.
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olly48 axey290692
@axey290692, Yes I'm slightly down on this at the moment too. Its a long term hold though so ride it out if possible. Hopefully the sell off on stocks seen over the past couple of days is done now.
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