TILRY - Potentially high rewardThis is opportunity for Tlry to make a big move in history from downtrend to uptrend.
1. Monthly candle never closed below the yellow light support. It needs to hold this strong support to maintain the trend.
2. This could be a fourth month that Tlry hold above the upper band of Bollinger band - if Tlry could still maintain it
3. Tlry has an unique opportunity to reverse the bear market to bull market and reach ATH if it could break out the triangle
2HQ trade ideas
TLRY found a bottomI have a few technical reasons to think TLRY is resuming its bull run. I got in a little early, but I still like how the chart looks at this point.
Found support on prior resistance at about 16
Found support on 2 year old Descending trend line
Still on a multi-month uptrend
NASDAQ:TLRY
Trade Alert: TLRYHello Traders,
Swing setup here for TLRY.
Rumors/News (Aphria Merger and Legalization across US) + Chart Analysis Looks positive. Looks like we found Support @ this $16 price range. Looking for some confirmation today/tomorrow. Should be heading towards $20 which should create more buying pressure and then it's game on to $30+.
Good luck!
*As always, please leave a like if you find this idea useful, thanks*
$TLRY Celebrates 4/20 with Dive to Test Major L-T SupportTLRY is another cannabis name that has suffered a brutal corrective run of late. But bulls watching the Log charts have reason to get interested here as the stock pukes down to test key trendline support matched up with price/range level support to celebrate 4/20.
Tilray to ALL TIME HIGH!Im looking for a full legalization of marijuana in the whole western world by 2025.
America and Canada first.
Then Mexico and Europe will follow.
Tilray are the largest company in the sector with the most contacts and legal paperwork in place.
This company will be the largest stakeholder in the market and I believe a market cap of 100B USD isnt an exaggeration.
We're around 4B market cap today so that would take the company from ca 25 usd to 625 usd. = NEW ATH.
This is a long term investment where you should put part of your monthly salary in. Its a company in a growing sector (pun intended) and it will continiue to grow until at least 2030.
Marijuana has 99 more uses than 1(getting high) which will also drive this market to even higher market caps in the future.
Marijuana and hemp can for example be used as BIOFUEL, building material, clothing, and so on.
It has unlimited uses and is ENVORIMENTAL FRIENDLY. Weed will be the new gold in the future.
🌿 Tilray - TLRY: Another Good Move UpHi mates is perfect setup for mean reversion trade in NASDAQ:TLRY
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 18.13
Stop Loss: 14.87
Profit target: 28.18
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