Posting this chart to show some obvious short term levels if your trading this is I was lucky enough to get Jan 26 1C for .21. I think TLRY could run to 2 pretty easily based on current momentum.
Trump said he was looking into declassification when asked today and has shown support before for rescheduling, decriminalization, and state rights to legalize cannabis.
"It could take a few weeks and is very complicated." he said
I grabbed safer calls to far out although 100% gain today. The closer dated 1.5 calls are cheap and ran 3x as hard ill be looking to load some tm if chart remains above daily MAs. IF weed actually somehow gets declassified $3 should be easy. Up at $1.09-1.16 overnight would be bullish to hold $1 for entry. 4hr RSI is at 90 so this meme like rally could end abruptly or maybe it wants 1.50 first.
Revenue has steadily been growing nothing crazy still not profitable and they have been diluting Gross margin is 29.49%, with operating and profit margins of -13.04% and -266.25%.
Plenty of risk 17% short float.
Trump said he was looking into declassification when asked today and has shown support before for rescheduling, decriminalization, and state rights to legalize cannabis.
"It could take a few weeks and is very complicated." he said
I grabbed safer calls to far out although 100% gain today. The closer dated 1.5 calls are cheap and ran 3x as hard ill be looking to load some tm if chart remains above daily MAs. IF weed actually somehow gets declassified $3 should be easy. Up at $1.09-1.16 overnight would be bullish to hold $1 for entry. 4hr RSI is at 90 so this meme like rally could end abruptly or maybe it wants 1.50 first.
Revenue has steadily been growing nothing crazy still not profitable and they have been diluting Gross margin is 29.49%, with operating and profit margins of -13.04% and -266.25%.
Plenty of risk 17% short float.
Trade closed manually
took profits on the far out call looks like there is decent selling pressure going to wait before re-entering to shorter cons
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.