2HQ trade ideas
$TLRY Consolidation before continuation Watching $TLRY for consolidation breakout, smart money sold into supply now they look to prz to reload shares at previous breakout spot (structure), 4 hour inside bar trigger over 27, this play is obvious so it could be a trap before dip to prz, just a thought, worth adding to wl for sure.
Buy $TLRY - NRPicks 14 MarTilray, Inc. is dedicated to the research, cultivation, processing and distribution of medical cannabis. The company offers its products to patients, doctors, clinics, pharmacies, governments and hospitals.
The Ministry of Health and the New Zealand Medicinal Cannabis Agency grant Tilray the first approval under the new Medicinal Cannabis Plan to launch medicinal cannabis products across the country, which will undoubtedly have a major impact on revenue of the company.
During the week, most sectors showed a recovery, however, the marijuana companies had a controlled upside and this is likely to continue. We consider that Tilray is in the middle of its journey.
Technical:
- Average RSI levels
- Buying force 143M buying volume last week.
- Bounce on MA100
TLRY bullish case#TLRY daily and hourly chart below. Short term #TLRY can pop up to 26, 28 & maybe 29. Needs to get above 29 to break the downtrend and can continue higher.
If it fails to do so, it has a lot of room sideways to keep consolidating through early to mid April. Rally before 4/20 🤔
$TLRY Battles to Save its 50-day MA Trend StatusTLRY facing critical technical test in play today as stock battles to hold its trend-defining major 50-day MA, which it has held its last 5 consecutive tests.
CUP & HANDLETARGET = FIB
To make the Scenario play out : Price got to get over 13.00
This is about to get serious.
For more update in french : www.patreon.com
www.youtube.com
TLRY C&H and Bullish Divergence on the MACD on daily.TLRY C&H and Bullish Divergence on the MACD on daily and RSI . Good r/r. NFA. Do your own DD
$TLRY Bounce looks impulsiveI am anticipating a retest of upper resistance, most likely pre-market. Waves 5 can extend, but it wouldn't be reasonable not to expect at least some sort of pull back before charging higher.
Breaking the .618 at $28.85 would be the first hint that we could see a try at $29.50.
Is Hexo good to go ?Hexo seems in good postion to test next resistance à 11$61
Pro :
Hexo as found good support on 50 MMA
Hexo has closed today above the 20 MMA.
Breakout of the uptrend channel.
Breakout on RSI 14 and RSI SPX 50
Cons :
MACD looking good but needs to confirm
ATR is decresing
TLRY VolatileLosing $26 would bring $23 in play. $29.50 again resistance. Wave leading into the setup looks choppy, lacks an impulse but could still be motive. A retrace to $23 could be a classic 1-2 setup.
Volume supports a motive setup, also Moving Averages supporting a possible uptrend.
TLRYLONG-TERM: Daily hidden bullish divergence with a bunch of support under current price. (not financial advice)
