People should be able to smoke whatever they want, that's for sure but I understand why cocaine was banned in the United States in the early 20th century, people were too high and getting out of control... It should be controlled that's for sure but not necessarily made illegal.
Ok, we are going into technical analysis as nobody cares about opinions.
TLRY seems extremely bullish right now, or least it is preparing for something so it would be interesting to look at the fundamentals for this stock or the cannabis industry as a whole.
TLRY produced a double-bottom this week to the cent compared to a year ago.
TLRY hit a low of $1.50 in June 2023 and this exact same price was hit this week, August 2024. It is amazing. As this support level was hit buying quickly followed and now we have a session/candle with a long lower wick and a small real body. A bullish candle but the week is not over, it is only getting started actually.
This type of candle coupled with the long-term double-bottom, good volume and long-term consolidation pattern can precede a bull-market. So something is about to change for this company or industry.
Even if this stock experiences lower prices in the coming weeks and months, it is likely that a trend reversal will happen soon. The thing has been crashing since September 2018 and change seems imminent now. This is only my speculative opinion based on chart data. What actually happens is for the market to decide.
I am bullish on charts like this one because I like to buy low/near support. It is the best time to buy because once you have a good entry, you can withstand the swings, market reactions and shakeouts that invariably happen when a trend develops.
I am not telling people to smoke weed but TLRY is now looking bullish; the best prices in six years... Lucky? We won't know until after the event.
Thanks a lot for your continued support.
This is an interesting chart.
Namaste.
Ok, we are going into technical analysis as nobody cares about opinions.
TLRY seems extremely bullish right now, or least it is preparing for something so it would be interesting to look at the fundamentals for this stock or the cannabis industry as a whole.
TLRY produced a double-bottom this week to the cent compared to a year ago.
TLRY hit a low of $1.50 in June 2023 and this exact same price was hit this week, August 2024. It is amazing. As this support level was hit buying quickly followed and now we have a session/candle with a long lower wick and a small real body. A bullish candle but the week is not over, it is only getting started actually.
This type of candle coupled with the long-term double-bottom, good volume and long-term consolidation pattern can precede a bull-market. So something is about to change for this company or industry.
Even if this stock experiences lower prices in the coming weeks and months, it is likely that a trend reversal will happen soon. The thing has been crashing since September 2018 and change seems imminent now. This is only my speculative opinion based on chart data. What actually happens is for the market to decide.
I am bullish on charts like this one because I like to buy low/near support. It is the best time to buy because once you have a good entry, you can withstand the swings, market reactions and shakeouts that invariably happen when a trend develops.
I am not telling people to smoke weed but TLRY is now looking bullish; the best prices in six years... Lucky? We won't know until after the event.
Thanks a lot for your continued support.
This is an interesting chart.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
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.