TLRY Entry and Exit Positions

11 Feb 2021

~39-46 moderate support levels. Id expect strong support at the Gap down at $33. Look for entry positions at these retest levels. Exit a portion of your position (30%) at around $68. Hold the remaining 70% for higher levels of resistance. Set your stop loss safely below $33 to maintain your position if the idea is invalidated. If the idea is valid and $33-46 holds, expect new highs.

11 Feb 2021

Nota

I always like to wait for for the first touch, followed by a second touch (re-test) of support levels before making a long entry. Your position may fluctuate a little based on the actual price action that plays out.