You looking to buy Tilray TLRY? My guess for an entry point
Updated
https://www.tradingview.com/x/eDjwR1q6/
Tilray TLRY just blow up in mid 2018 and lost from its highs around 80%. We are currently at around 70$ and Ill guess it will drop another 35% from here, to see it close the Gap at around 45$.
Tilray has only 76 Mil. shares outstanding and around 15% of it is in free float. Thats also the reason why it took off so extremely. The less shares are available the more pressure is to the upside of the price when people want to get in. They have a pretty strong investors background that is supporting the company and I think it will be a hughe player in the future of the cannabiz. They make strategic investments and cooperations like the Anheuser, Novartis or the Sandoz Deals. They are GMP certified and allowed to ship their product to Europe. They do not make stupid acquisitions like most of the other companies just to say "we bought something over there and over there" what will eventually never pay out. They don't need to wash money like Aphria (buying companies, that were bought private by the insiders of the company which bought it for a penny and sold it for a gold coin to Aphria to cash them selfs a nice bag), because they are already rich.
I see a bright future but on the 19th of January the insiders are allowed to sell their shares and that will make the price drop. So that's why I am waiting at least until the 20th to see how the stock behaves and I consider to buy at 45$.
Just my opinion so make your own research.
And like always
MAI THE MARKETS BE WITH YOU
Tilray TLRY just blow up in mid 2018 and lost from its highs around 80%. We are currently at around 70$ and Ill guess it will drop another 35% from here, to see it close the Gap at around 45$.
Tilray has only 76 Mil. shares outstanding and around 15% of it is in free float. Thats also the reason why it took off so extremely. The less shares are available the more pressure is to the upside of the price when people want to get in. They have a pretty strong investors background that is supporting the company and I think it will be a hughe player in the future of the cannabiz. They make strategic investments and cooperations like the Anheuser, Novartis or the Sandoz Deals. They are GMP certified and allowed to ship their product to Europe. They do not make stupid acquisitions like most of the other companies just to say "we bought something over there and over there" what will eventually never pay out. They don't need to wash money like Aphria (buying companies, that were bought private by the insiders of the company which bought it for a penny and sold it for a gold coin to Aphria to cash them selfs a nice bag), because they are already rich.
I see a bright future but on the 19th of January the insiders are allowed to sell their shares and that will make the price drop. So that's why I am waiting at least until the 20th to see how the stock behaves and I consider to buy at 45$.
Just my opinion so make your own research.
And like always
MAI THE MARKETS BE WITH YOU
Note
nice head and shoulders indicates like in my first post suggested a price entry level at around 45$
Note
Here we gooooooooooooooooooooooooo
downnnnnnnnnnnnnnnnnnnnnnnnnnnnn
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