Weed Giant Tilray Pharmaceuticals is certainly an interesting stock to pay attention to as it hits a key long-term support level of around $2.48 a share. In the past, the stock has shown its ability to have absolutely ridiculous spikes in price.
By dividing the chart's history into time cycles, one can see that there are clear similarities between the movements...
Hello Traders!
I wanted to take a look at TLRY, as per psbassin's request.
Thank you for sending this :)
We see TLRY still creating bearish market structure (LL, LH) and moving nicely within a descending price channel.
At its current range, it has been testing its Monthly Level of 2.70 as support but now finding resistance at our POC of 3.18
Each time the...
Tilray has been developing some vibrant saplings, but the share shouldn’t forget to take root. We expect the course to extend below the support at $2.43 to plant wave II in gray. Then, Tilray should sprout upwards again, climbing back above $2.43 and growing further above the resistance at $5.12 as well. There, the course should complete wave (1) in magenta,...
No position open yet. Waiting for a breakdown.
The Fed will be announcing another rate hike this week, and in so pushing economy further towards spending cuts.
During high interest rates environment, do you prioritise pot or food costs?
Tilray Bullish Upside Opportunity
Tilray has broken the falling wedge and since then its ramping up toward it's 1st target close to 5$ USD, 2nd target 7.3 USD.
we can see an uptrend with new higher highs . lately it has broken a Bullish head and shoulder bottom pattern or Symmetrical triangle that tells me the upside continuation is still valid.
Here's another stock that rekt plenty a punter not realising just how deep trends can go.
I've been saying for a long time TLRY will go DEEP and has now passed my $3.5 target.
I did have a much lower target but I think it may be close to bottoming here.
Plenty of bullish divergence coming in but no excitement in the price as yet so smoke but no fire as...
Real clean 3 drives pattern here on TLRY bullish with bullish divergence on the last 2 lows. Possible setting up the 3 bar play as well. This one has declining volatility at the moment, so it could consolidate a little further before the stronger move comes in. It IS however above the support of the first low and attempting to break local resistance.
The 1.618 on a linear scale points @1k
The 2.618 on a log scale points @1.21 wich we reached recently and bounced on.
Would need further confirmations such as daily close over the 8 daily EMA and the 21 Weekly EMA.
AKA My old analysis updated with reverse split price :)
Could be breaking out at 3.28. Stops below 3.24s Incase fake breakout. This could
Be it for first time to fly! Wish I could say more but at work. I went long 3.28 good luck
I have covered this in my education blog, but here is a great example of a Climax Run Stock
Checklist
✅ Price looks almost vertical
❌ Run occurs after at least 18 weeks of the first base. (This run is 5 weeks after first base)
✅ Rapid advancement +180%
✅ Last 8 days before drop was 7 out of 8 days up
✅ Last 2 trading days we saw the largest trading range
❌...
Tlry will report earnings next week. Support and resistance are shown and can potentially hit $3.32 which is apart of the resistance line and 50 EMA. If it can break above that, we can see this hit around the $4.50 range. If the earnings are bad this can go back down to its support around $2.48-2.34.
TLRY Q2 November 2022 earnings are on Monday 1/9/2023 at 7am. Tilray Brands (TLRY) reported a Q1 August 2022 loss of $0.08 per share on revenue of $153.2 million. The consensus estimate was a loss of $0.06 per share on revenue of $155.7 million. Revenue fell 8.8% compared to the same quarter a year ago. The company said it continues to expect Adjusted EBITDA of...
TLRY Tilray Brands is close to the pandemic low on a huge Falling Wedge and a Double Bottom Chart Pattern.
Looking at the TLRY Tilray Brands options chain, I would buy the $3 strike price Calls with
2023-1-20 expiration date for about
$0.16 premium.
TLRY Tilray Brands is One of My TOP Stock Picks for 2023!
Looking forward to read your opinion about it.
TILRAY. Weekly chart.
Fake CHoC and feak breakout. Hope you have an opportunity to SELL it.
After 2.64 you have fib levels on 1.48 and who knows whats next.
We also have large weekly support ar 2.43, so be careful there.
We can touch it and then rebounce until 5.12 which is obviuosly Bullish CHoC.
SUMM:
SHORT — NOW
STOP 5.12
LONG — ONLY IF IT BREAKS 5.12
Not much point explaining why
But even u simpletons can see it’s trying to put in a higher low
And I think a monster breakout is coming next year
Could be a face ripping move
…
GRI 2022
Right that’s all your getting out of me
