TLRY dropped from a Head & Shoulders in the winter into the lows in June and July with a lot
of trading and accumulation as shown by the volume profile and its POC. Today TLRY
took off for a big gainer of a day. But why and
can it continue, The 5-minute chart shows plenty of volume support for today's move.
The 4H chart shows a scorching rise into the...
TLRY just completed the gap fill at 2.32 which I had posted about before hand. Now we can zoom out and look at the weekly chart which shows a massive falling wedge. Once this breaks out, say over $2.40, we can start to target $5-7
With its stock up 32% since sharing impressive Q4 financial results, Tilray Brands, Inc. (Nasdaq: TLRY) may further soar over the coming weeks following its recent acquisitions to boost its alcohol segment. With this in mind, the company recently acquired 8 beer and beverage brands from Anheuser-Busch (NYSE: BUD) in a move that would substantially boost the...
After posting impressive Q4 financial results, Tilray Brands, Inc. (NASDAQ: TLRY) has been gaining momentum as the company’s outlook appears to be brighter than ever – especially with cannabis’ status as a schedule 1 drug currently being re-evaluated. Although full cannabis legalization may not come for years, the ongoing re-evaluation of cannabis status may be a...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 1.68/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
TLRY jumped 10% in two trading days following the announcement of "gummie beer"" by
its subsidary Sweetwater Brewing. Traders who trade TLRY seem impressed and that is what
counts. Objectively, a gummie product containing alcohol seems to be a nonstarter given
regulatory hurtles and then marketing of familiarity. No doubt users could titrate the...
Yes, I know this stock is one of the most hated stocks in the universe, however technically this looks to be setting up for a strong move upward.
Weekly bullish divergence, Weekly spinning top candle from last week (sometimes a warning of a reversal), falling wedge structure with reducing volume, and double bottom area.
Could this setup fail?
ABSOLUTELY YES...
On the chart we can see a falling wedge pattern.
Our strategy is to enter long when the price breaks out of the falling wedge formation.
Look for the volume increase in order to avoid the trading false break out.
Target is shown on the chart.
Two weeks ago, Tilray took heart and jumped into the turquoise zone between $1.46 and $2.27, leaving a visible gap on its way. Near the bottom of this zone, the share could establish the low of wave II in white by now, meaning that soon, the bulls should take over. We expect Tilray to develop enough upwards momentum to leave the turquoise zone on the northern side...
I've seen this pattern a few times recently.
Here it is not exactly the same but there is a steep then shallow descending channel separated by a dump that led to a pump.
TLRY dump fell below the major 2020 low and so this is a significant area for a SRP shakeout reversal pattern.
Now that the liquidity is tapped below the low, TLRY may be ready for a pop or...
The 2H chart on TLRY shows a volume profile showing the highest concentration of shares
traded at $2.65 or about 15% above the current price. Short sellers dominated there. Price has
descended down onto the support/demand zone. It is near to tow standard deviations below
the mean VWAP and so very undervalued.
Federal legislation intended to remedy the...
After initially spurring the downwards movement so commendably from the high of wave (4) in magenta, Tilray has been relaxing in a sidewards movement since December. However, there is yet some work to be done! We expect the share to drop a bit deeper still to finish wave II in gray, whose low should then form the basis for a fresh upwards movement. Wave (1) in...
TLRY - Wave 4 is about to take place and I think this will be a sizable uptrend. SPY is breaking upward at the same time. TLRY will feed off of that if I am right.
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...
