Dear, Readers.
My analysis is completely based of market strucutre. The ticker has been making consecutive higher highs this was confirmed after a market shift when price broke and closed above 1.99 on the daily time frame. Now this does not completely confirm a bullish trend. When price broke above 2.09 high this confirmed that we have made that bullish shift...
Earning drop was intense but defined a new minimun that match with previous one
Is it possible to define a new channelup
I think price will consolidate inside resistance 1.90-2.10$ this week before gathering enough strenght to target upper border at around 2.60$
Yesterday earnings was almost in line with good look in the future revenue
However price falled badly and yesterday candle broked down trend channel
New chart to include yesterday daily candle, i think today price will go down near 2$
In the next weeks probably will be a test of the long term trendline (purple line)
Canadian market leader Tilray Brands ( NASDAQ:TLRY ) has weathered storms and is now charting a course towards growth and innovation. Despite recent stock fluctuations and an industry grappling with regulatory challenges, Tilray's resilience and strategic initiatives position it as a compelling player in the cannabis market. This article explores Tilray's recent...
the chart for TLRY has yearly target of 3.88 and implied volatility of 66% which when measured from the dip to the target provides a reference for that dip that you can buy with greater confidence
the target for the year is 3.88 , if you measure the range from the dip to the target you get confirmation of you bottom, you won't be flushed if you use this format in conjunction with the risk reward profile for the yearly view timeframe to get your max shares. You can also increase your risk reward ratio should the price drop by adjusting the risk reward line...
Tilray has been bullish in the last months but tomorrow earnings will be out and price can take a new direction
I think earning will be good because of the new THC beer lines that will increase revenue
Analyzing the options chain and the chart patterns of TLRY Tilray Brands prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-1-26,
for a premium of approximately $0.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:TLRY Tilray looks interesting. It is bottoming inside a triangle. Even though RSI is close to over bought condition the volume and the recent price action looks encouraging.
I am looking to take a starter position on a pullback. It is no doubt a risky stock.
Upside targets:
$3.30
$5
$7.35
Downside risk:
$1.5
Looks Bullish
fib at around .78 defib 2.0 thanx trade oracle
sqeeze dot on insane oscillator v2 , thanx trade oracle
stop at bottom of red box
target at top of green box at 1.0 fib
I was short TLRY at the beginning of the year, I am now long TLRY as it continues consolidating around 1.67. Good volume accumulation as a function of time and strong volume accumulation as a function of price. RSI looks good, fundamentalists would say good things about it but i am focused on price.
This week (Wednesday) TLRY hits the long term 1:1.618 Fibonacci Time Extension taking the 3 most significant pivots.
In addition it is also drifting within the 1:1.618 Golden Window for Trend Based Extension taking the wave 1 and 2 pivots from the 2021 top.
This is high Fibonacci confluence that the bottom may be in or near and that the next bull market could be...
The big boys will try to push it down as close as possible to $1.50. If you look at the volume profile to the left you'll see some gaps at around $1.63 and $1.60, then there's also the POC at around $1.57.
We have an unclosed gap slightly below the railroad tracks candle formation and it looks like the big boys are trying hard to fill it. Then there's a massive...
