Another runupAnd selloff, after TLRY mgt wants to issue more shares and dilute the sp.
After hearing this bad news, I sold at $23,50, and holding only 50 shares.
TLRY's share price looks to have topped out at $23.80
so that is resistance.
and today's low will be the new support.
We are in another downtrend...
TLRY is a highly manipulated stock---as smart money runs up the sp and then shorts it---like today.
The question now: Where is the bottom?
If we look at the daily chart, the stock bottomed at $20.2 or so last week
and the was runup to today's high--then dumped on bearish news.
So I would not even consider buying until that price----falls under $20.50.
But WTF do I know---I am just looking at a chart-----identifying high share price and low share price on the daily time frame...
TLRY is trading in a range.
Stock will close near the low of day, so expect a lower high share price and lower low share price tomorrow.
It's all a game, like playing the slots in a casino.