I have been studying TLRY for a long time.. this trade feels just about right with excellent entry
Can it go lower ? yes! but downside is minimal then upside potential.. since this is a long term trade for me, and I would be adding even if it dips or even consolidates here..
this is looking like accumulation to me here
SL is based on your position and risk tolerance
there are few exits
TP1 - $18.25
TP2 - $38
TP3 - $70
I have a large position (compared to my other trades) as I feel comfortable with fundamentals and entry price. I would personally not take any profits until TP2 or TP3 and wait a little longer
will update this idea as it develops.
lets do this!
Can it go lower ? yes! but downside is minimal then upside potential.. since this is a long term trade for me, and I would be adding even if it dips or even consolidates here..
this is looking like accumulation to me here
SL is based on your position and risk tolerance
there are few exits
TP1 - $18.25
TP2 - $38
TP3 - $70
I have a large position (compared to my other trades) as I feel comfortable with fundamentals and entry price. I would personally not take any profits until TP2 or TP3 and wait a little longer
will update this idea as it develops.
lets do this!
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added some here ($7.09)
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looks like we may tag $6.35 before the bounce
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$6.35 tagged and we have a bounce
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my last buy was $5.20 lol.. cant give up now ;)