Tilray (TLRY) - Weekly chart - Long scenario
Looking to buy some Tilray if following should happen:
1. Price goes above the Resistance (orange line)
2. Price should create a higher close than last swing (blue line)
Would buy then on a retest of the yellow trendline.
Target: A weekly supply level also close to 50% Fib level.
Taking out that High (red line) would be interesting from a liquidity aspect.
1. Price goes above the Resistance (orange line)
2. Price should create a higher close than last swing (blue line)
Would buy then on a retest of the yellow trendline.
Target: A weekly supply level also close to 50% Fib level.
Taking out that High (red line) would be interesting from a liquidity aspect.