Tilray Short Term We look to Buy at 3.18 (stop at 2.94) We look to buy dips. There is scope for mild selling at the open but losses should be limited. A higher correction is expected. Expect trading to remain mixed and volatile. Previous support located at 3.120. Our profit targets will be 3.74 and 3.99 Resistance: 3.75 / 4.00 / 5.15 Support: 3.20 /...
POTX as shown on the 30 minute chart is showing an ascending megaphone pattern, a reflection of increased volatility, The price is sitting on the lower megaphone support line and the RSI shows weakness. Green up arrows show each time the price has touched the support line it has reversed to the upside. The same for the RSI. I see this an an excellent swing...
The purple painting that I've draw 2 months ago looks like coming true. Lets continue the ride together. LONG TLRY!
Love this here for a longer-term play As mentioned, weed has been off the radar and we have a nice entry here for a swing. LONG LONG LONG AND HOLD THAT SHIT FOR GENNY WEALTH
This is an update of a previous recent idea. The MJ composite has had a pullback and shows bullish RSI divergence. It is at support and has various resistances dynamic and stationary above. The time is now to analyse the preferred symbols / stocks within the composite. ( Alcohol thrived during the Great Depression, no reason not to assume that cannabis...
Seeing the growth and innovation that has occurred in recent months shows that the big wave is incoming. This formation clearly refers to pull back and bottom. Even one of the most conservative countries of Europe; Poland has given the Market Authorization to Tilray, Inc. (TLRY). Also, the election vibe has been taking charge of global media, federal legalization...
Today a bunch of cannabis stocks showed up on my screener with some good price action and high relative volume. I set up a composite chart using some of the more heavily traded stocks but no OTCs as well as a couple of the ETFs and the REIT IIPR which manages and leases indoor cultivation farms. While I found the composite price had been drifting...
NASDAQ:TLRY TLRY had 10% price range today' and finished with a Bullish Pennant on the 15-minute chart. Accordingly, it is set up for an entry for the long continuation. TLRY showed momentum today by breaking above the double top in the price action last week. The uptrend is supported by bursts of relative volume beyond the moving average of volume.
We are not out of the weeds yet. Get it? stupid dad Joke We are back down to buying prices and with inflation/fed rates priced in we've had a good month. If we can break and hold above the downtrend line we could see a little rally to $6-$8 range. I don't think it will last long though and we will more likely have a double bottom. Seems like federal...
Yesterday, TLRY stock went down 10.7%, crashing along with other meme stocks. On the short term it bounced against strong support at the level around 3.8. Interpreting the crash as a bearish engulfing, the nearest resistance line would be at 4.44, whereas on the downside, below the current support level which is being held, there is another clear resistance turned...
MJ etf is looking like it broke the weekly downtrend after weekly bullish divergence. However, the week is early and it doesn't mean it can't go lower and retest the trendline under 6 dollars again - it can. Regardless, MJ stocks might be in a bottoming "area" and are worth a watch. Targets as of now 8.50 and 10.50 on the MJ etf.
- So we failed that last one, but as I said, I'm willing to give it a few attempts. Nice volume coming in and with price moving higher I'll get much more confident. - It's holding that gap down pretty nice at the moment. Buy now with risk to lows I think is a decent trade, which you can add to with more pullbacks, but I kind of want something tighter a little...
Tilray Short Term We look to Buy at 3.09 (stop at 2.91) We look to buy dips. Trading volume is increasing. There is scope for mild selling at the open but losses should be limited. Expect trading to remain mixed and volatile. Previous support located at 3.10. Our profit targets will be 3.72 and 3.99 Resistance: 3.72 / 4.00 / 5.15 Support: 3.10 / 3.00 /...
TLRY breakout with daily bull divergences and now others catching a bid. Watch the MJ sector for out performance if the stock market has that rally to 4100. Enjoy
- This sector could not be anymore DEAD. Everyone is dead and never want to look at this sector ever again. When they come back you'll get those mega mega moves that you can sell into and move onto the next. - I haven't heard one sound coming out of this space in months, which is EXACTLY what you want when looking for a possible turnaround. - If green holds...
Correction looks finished to me. Strong daily bull divergence and double bottom. Stop at 2.40
All in the video, nothing to buy yet, but there are some signs of strength this week even with the market tanking. Tickers covered - MJ, CGC, TLRY, CRON, MSOS
Most canadain MJ's are showing bull divergences on the weekly charts again. News coming? NYC finally opens pot shops? - damn are they slow to the pot market..... CGC is testing it's ultra lows where it meandered for a few years. Doesn't mean it can't go lower, it certainly can. Between here and 2 dollars I think could be an excellent accumulation area. Be...