This chart is pretty explanatory, and probably doesn't require much explanation. I'm bullish on this stock. I'm 90% sure Dems push cannabis legislation through as it's a bipartisan issue for the most part, and will look good for both parties pre election. Starts with credit cards and banks, imo. Don't follow green line path as gospel, it is often incorrect, but helps me plan a preliminary "ideal" path based on indicators. It helps with backtracking predictions, and keeping emotions in check, as you know what "past you" saw.
I like 1.89 as a big time buy target, but it could easily go lower. Relevant trends and targets marked. Watch out, current trends are showing the run-up into earnings, which would allow for a drop. Does this mean anything? Not always, but it's good to note. current bullish price movement doesn't have to end if rejection trends and targets start to break and confirm.
Good luck!
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Careful on this trend break. This is a pretty significant trend break. Downside favored in the short term. However, my opinion is still bullish long term until the charts show otherwise.
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Very close to a buy target. Buying into this dip definitely comes with a favorable percentage chance for bulls. Nothing is ever 100% certain. Obviously be careful, but GME and Jan 28th are big dates. If one squeezes, they will all go. TLRY included.
Good luck!
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BE READY, IF price catches and jumps, it will be soon.
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Again, just because my drawn line has been close to price action doesn't mean you should follow it for future movements, every moment we head into the future, the odds will change for each likely to occur movement, and it can really start to move away from the line. Instead focus on the trend breaks and price targets.
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Good luck everyone!!
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Anyone catch the move today? Congrats, if so If not, no reason to panic into a trade that doesn't favor you. There will always be another chance to buy, and if not on this stock, another. Having said that, there is more upside in the charts and there may still be +9% days in the future.
Because it relates. GME has basically hit the make or break it point in price targets. As in, it holds and sees a similar move to the upside that TLRY saw, or it breaks and sees a big drop, where it starts to favor the bullish position even more. When meme stocks move, they move fast, but they also retrace profits just as quickly. Be careful, but be greedy.
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Under $2 is a nice range to start buying again. Especially if it holds 1.98 or so.
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Seems about as favorable as a buy zone or price target as you get at the moment. Because it is important and still a very real possibility that it breaks lower and lower, the price targets on the low side would be horrible in terms of percentage.
If we close below that strong support zone, exit trades or switch to bear for the short term.
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I would like to see it hold 1.96 on the day. I'm still bullish. If price drops to 1.89, I might use it as an opportunity to buy more with the favorable odds. It's around 30% gain if these trends and price targets continue to hold.
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big support line forming, if we break under this support, be careful because the downside potential is huge. If not, very bullish looking until we see more trends form.
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Really big support here. Will be a bit of a surprise if it breaks down.
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Well that was fun, huh? Careful at these levels, but you'll likely need a new chart as this one is overextended and old. I think this will be the last update for this specific TLRY chart. Feel free to toss out any questions concerning the chart, stock or whatever..
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This is probably a buy the dip type of moment. Be careful because they can always pull it much lower.
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This is what I currently have on my charts. There is a low target of 155 to 145 but should that hold or even should this currently level hold in price, there is a sizeable move to the upside showing in the charts.
Worth a look if you're bullish on TLRY.
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Same projection on TLRY, just move the buy zone over, and up slightly. It can still hit the lower targets, but ultimately, watch for a 1.89 close. Watch for a drop to maybe 1.68 to 1.59
"Downside favored in the short term. However, my opinion is still bullish long term until the charts show otherwise."
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Thundertoes30
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I’m hoping for a pop to 8-10. Each subsequent pop did about 5x from the low. Who knows when though, hoping in the next few months but time will tell! I’ve averaged in at 2.45 for 2000 ish shares
@River_, next bounce takes us right around that price target, I assume multiple people got fooled into that buy price, when it should have been closer to 1.54. good news, it's either going to below a dollar or it catches and pretty much any buy should see some gain before another big crash.
Thundertoes30
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My “I’m done price” is 1.20, so if 1.54 breaks, I have some buffer
ddraper
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Thank you for the update! <3
Shikaz
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From fundamental perspective, do you think this is a company that can bankrupt?
nicktussing77
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@Shikaz good question. ch7 unlikely. ch11 very likely but who really knows sometimes. A company may consider filing for Chapter 11 bankruptcy for a beneficial restructuring of debt when it faces certain financial challenges and seeks to reorganize its business. Here are some reasons that could lead a company like Tilray to file for Chapter 11:
- **Insurmountable Debt**: If the company's debt obligations exceed its revenue and cash flow, it may not be able to meet its financial obligations. - **Cash Flow Problems**: Difficulty in generating enough cash flow to cover operating expenses can lead to bankruptcy. - **Burdensome Contracts**: Onerous contracts or leases that are no longer advantageous can be rejected under Chapter 11. - **Litigation or Legal Judgments**: Significant legal challenges or judgments against the company can contribute to financial distress. - **Market Conditions**: Adverse market conditions, such as regulatory changes or decreased demand, can impact profitability. - **Restructuring Goals**: The desire to restructure the company's debt and operations in a way that is not possible outside of the bankruptcy process.
Chapter 11 can offer several benefits during restructuring, such as: - **Automatic Stay**: This halts all collection efforts, lawsuits, and foreclosures against the company¹. - **Operational Control**: Management usually remains in control of operations as a debtor-in-possession¹. - **Debt Reorganization**: The company can negotiate with creditors to reduce the debt burden and extend repayment terms¹. - **Asset Sales**: Assets can be sold free of liens and encumbrances to raise capital¹.
Ultimately, the goal of Chapter 11 is to allow the company to emerge from bankruptcy as a healthier, more viable entity¹. For Tilray, if faced with the conditions mentioned above, Chapter 11 could provide a pathway to restructure its debts.
Based on the latest financial reports and news, Tilray Brands, Inc. (TLRY) has shown signs of financial improvement and does not appear to be currently fitting the criteria that would necessitate a Chapter 11 bankruptcy for restructuring:
Revenue Growth: Tilray has reported a record net revenue of $194 million in Q2 Fiscal 2024, which is a 34% increase compared to the prior year1. This continued into Q3 with a net revenue of $188.3 million, marking approximately a 30% growth over the prior year2. Debt Management: The company has been actively reducing its total debt, which suggests a proactive approach to managing its liabilities3. Profitability: While there have been net losses, the company has managed to narrow its net loss per share, indicating an improvement in its financial performance4. Market Position: Tilray holds a strong market position, being the 5th largest craft beer brewer in the U.S. and maintaining a leading position in the Canadian cannabis market1. However, it’s important to note that the company’s long-term success is still closely tied to potential changes in drug policy
nicktussing77
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@nicktussing77 I think the key points to really focus on with your research is the craft beer and federal legalization.
idk about assets that makes tilray worth taking into ch11. bbby has buy buy baby. twitter has algorithms and users. gme had lots of merchandise and prime locations. in other words, I could lose some money in order to get to the inner goods. I'll sell everything else to make the books look better. I'll take what I want and bring in new investors. it's hard to say if tlry has something that would make someone go through the effort.
Shikaz
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@nicktussing77, Thanks, if they file chapter 11 that will make investors lose all money. actually I started to feel it's a risky stock and the management are not to trust.
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