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  • Writer's pictureTLivingstonBlog

TLRY Emerges From A High Tight Flag

Tilray ($TLRY) emerged from a high tight flag pattern today in impressive fashion. The cannabis sector has been extremely hot the past few months and Tilray looks poised to be a leader in this group. After doubling from $10 to $20, it has moved sideways in a tight and orderly fashion. Big volume came in today, indicating money is still moving into this stock and shareholders are still bullish on Tilray. I took a position this afternoon with a stop loss under recent support levels to keep my risk in check. If TLRY turns against me, I'll take my small loss and move on. If it rockets higher, I'll profit handsomely. I'm still weary on the general market, but if I see a quality set up I'm inclined to take it, as long as I keep my risk in check.

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Full Disclosure: I currently own TLRY.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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