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Tilray Brands Inc TLRY

Alternate Symbol(s):  T.TLRY

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.


NDAQ:TLRY - Post by User

Post by Ghostinthedarkon Jul 08, 2021 2:34pm
290 Views
Post# 33515611

Time to Buy More of TLRY

Time to Buy More of TLRY

These are the facts:
1.Look at the chart for the daily time frame, or keep track of every day's high sp and low share price,

As of today, we are seeing a lower low and lower high on the daily chart.

High- $20.52
low- $19.48

And on the weekly chart, TLRY is 7 day downtrend.

Presently, the sp range/support and resistance is:
a high of $23.82 on June 28

and today's low of $19.48

That is a high/low range of more than $4

Now, some people are tempted to buy now....

hmmmmm

and go long. But consider this:
1. TLRY is on a weekly downtrend

2.And monthly range---

3. The moving average is.

20 day is $20.42
50 day is $21.21
100 day is $21.66
200 day is $22.51


4. There is a major support on the weekly time frame at
$18.34

5. TLRY management wants to issue more shares, which will likely result in the dilution of the share price.

6. TLRY's expected earning date is August 17

Will earnings be better or worse???

I will wait to add until after earnings, after the decision whether to issue more shares.

Until then, I 'll daytrade and swingtrade TLRY.

 





 

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