TLRY - Earnings Pop ?

I've seen this pattern a few times recently.

Here it is not exactly the same but there is a steep then shallow descending channel separated by a dump that led to a pump.

TLRY dump fell below the major 2020 low and so this is a significant area for a SRP shakeout reversal pattern.

Now that the liquidity is tapped below the low, TLRY may be ready for a pop or who knows maybe even a very large pop.

Earnings coming up can bring volatility and if its good news then perhaps a big bounce will be coming.

This is a trade that will need a little luck but its worth a punt.

If it doesn't pop I still think this is a good area for a long term hold at the 3 year low.

Not advice.

Комментарий:

Holding the 2020 low area well post earnings.

Its looking shallow and low time frame RSI is remaining fairly high.

I think this has a reasonable chance of popping soon.

If not i'll hold at least until a dump and a re-test of the 2020 low and so good chance to get out without damage if it goes wrong.

My gut says it pops.

Seen this movie before 🤔.

Комментарий:

Shakeouts either side but this is effectively a descending channel still.

Also hidden divergence coming in from this recent low.

Today's pop is also postive.

The chances of a pop are gradually increasing I think.

Could be explosive.

Комментарий:

Pop pop ?

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Nice pop.

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Holding well on 2020 support which was also a retracement back to the 0.618 - 0.786 retracement.

We are buying through this area.

TLRY may be about to have a rip-you-face-off rally while the bears sleep.

Might drift a bit first of course, but looking very shallow here...

Комментарий:

Nice pump to open, we're getting close.