Get started
James_Winsoar

Tilray to $260+ by end of 2018 TLRY Long

Long
Tilray Brands, Inc. (NASDAQ:TLRY)  
James_Winsoar Updated   
NASDAQ:TLRY   Tilray Brands, Inc.
Trend Analysis Chart Patterns Triangle tilray TLRY marijuana marijuanastocks cannabis cannabisstocks weed weedstocks
1
0
trendanalysis chartpattern triangle tilray tlry marijuana marijuanastocks cannabis cannabisstocks weed weedstocks
The ascending triangle is most often a continuation pattern, so we should expect a bullish break to US $260 by the end of the year if the pattern plays out. This is support by Tilray's plans for global expansion and the decision today to legalise recreational use of marijuana in Canada.

Recently the Tilray price has dropped despite a lot of good news for the marijuana industry in Canada. I believe this is because of lot of people are profit taking at these levels as they invested a while back when the price of Tilray (TLRY) was much lower.
Trade closed: stop reached:
Will do another forecast for you soon on this volatile stock.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.