Nice opportunity to further add to our TLRY position with this MACDH divergence on the 1 hr chart.
We can keep a fairly wide stop on this one and hold for the short to medium term up to 60's or longer up 50% to all time highs around 150.
This has been a lovely pullback on this great cannabis stock and we still have merger talk doing the rounds.
We can keep a fairly wide stop on this one and hold for the short to medium term up to 60's or longer up 50% to all time highs around 150.
This has been a lovely pullback on this great cannabis stock and we still have merger talk doing the rounds.
Trade closed manually
I closed 33% of my position at the close at a slight loss as the MACDH was divergence was broken which could spell trouble short term. I'm still happy holding Tilray long term but this day trade didn't work out so well signally something fundamentally might be wrong to sustain these prices short term.
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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.