This is strictly a technical analysis of Tilray and nothing more -- their financials are garbage and the stock is currently overpriced, but what isn't...
I think RSI is in a good spot on the daily to really run up. Price has been rising along with volume, confirming the market's interest in taking Tilray to higher prices.
First target is $22, and then second target would be $30. I am foreseeing a larger harmonic structure forming here with price rising to $30, which coincides with the .5 fib.
This is not the optimal place to enter this trade, but if you have the kahunas on you, then by all means go ahead and long here.
I think RSI is in a good spot on the daily to really run up. Price has been rising along with volume, confirming the market's interest in taking Tilray to higher prices.
First target is $22, and then second target would be $30. I am foreseeing a larger harmonic structure forming here with price rising to $30, which coincides with the .5 fib.
This is not the optimal place to enter this trade, but if you have the kahunas on you, then by all means go ahead and long here.