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...
Protentional Flag Breakout. resistance sends for a retest. momentum picks up. target of $33 ( weekly resistance) with a slowdown at $30 (phycological and weekly VPVR level).
Tilray has bottomed out i think since we saw the $5 prices, and now we appear to have had a breakout. ideally wait for a pullback maybe to the $10-$12 mark. I noticed every time Biden got closer to POTUS, that tilray and a few other cannabis stocks had bullish moves. So longer term i believe this is Value investing at its finest. I have placed the shares in my Tax...
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...
