TLRY Rising Wedge

Sep 11, 2018

TLRY had another strong day today with heavy volume into those close. Previous ATH was 97.36 which we broke twice today, but failed to close above, were also making a rising wedge pattern and having the double top is adding to the short case. Would like to see it stay in the wedge until the open tomorrow, and look for a short position out of the wedge. The volume near the close today worries me a little as it still showed huge buying interest at ATH, but to see it still fail and close back into the wedge is a good sign we may not be able to break it.