Tilray (TLRY) & Sundial Growers (SNDL) technical updates!
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tilray, sundial growers, sundial growers stock, sundial stock, sndl stock, sndl stock predictions, sndl live, sndl stock news, sndl price prediction, sndl options, tlry stock, tlry stock analysis, tlry stock prediction, tlry merger, tlry apha, tilray technical analysis, best stocks, best stocks to buy now, best stocks to invest in 2021, best stocks to buy today, best stocks to buy, matt kohrs, investing, stock market, investing for beginners, trading, tlry sndl, matt kors
All right moon gang: let's do that technical analysis of both tilray sndl, we'll look at the four-hour charts, get a better idea of what uh might be going on, not only tomorrow, but when the market opens out back next week on tuesday on the screen. Now is till ray uh ticker symbol t-l-r-y. This is its four-hour chart on the bottom. We have the rsi once again, the relative strength index bullish momentum up top bearish momentum below lots of people love it for the reversion play so tilray absolutely exploded over the past.
Two days and then today it was a brutal sell-off before tilray um. It was really battling it out at 30 and 60 cents and i'm just bringing that to your attention, because it's very important now after that breakout tillabray was just running running running yesterday. Uh last night in the post market it hit a new eye of 76.96, so that means in the span of two days it ran an incredible 159 percent that is wild. Today, though, that bullish momentum there was no follow through um.
In fact, this chart it's uh, referred to as a hangman's chart, and it was bad uh, the sell-off i mean it opened up at 71 and then it closed the day down 49 right now, it's trading at 32 um it amazingly, though, on the week it's still Up 20: that's how crazy these moves were until right, but anyway uh we were watching these levels of 67 52. It sliced through them. The next level of importance is coming at 30 60 because that's the the bottom of this gap up region. So if you love tilray, if you're looking to get in that support, you could watch 30 60.
uh if it breaks below that, i would recommend cutting your losses quickly, because the next support isn't all the way down to 20 to 61. Of course, you guys know that, right now i am playing put options just to this gap. Fill we're gon na see how that plays out tomorrow. If there's more additional panic in the market, we might be looking all the way down to 22 61..
So if you want feel free to screenshot these important price levels, uh just previous levels of support and resistance, we're just seeing if they will remain important as the chart continues to develop. Now, let's take a look at sndl, sundial growers very, very similar chart. Uh wasn't doing much eventually had a breakout of a dollar 33 35.. We were watching that for many days on the breakout.
I mean it just skyrocketed. It went from 133 all the way up to at one point in the pre-market this morning, 46 a gain of 282 percent, unfortunately very similar to tilray. There was no follow through and um. We just had another hangman's chart um.
I would recommend uh right now we're at 252 uh. It was battling it out at three dollars, honestly, the important sorry, the important technical levels right now, in my personal opinion, um, i don't know why it's doing that there we go uh the first one. Yesterday, it was very much battling it out at three dollars, so that's the first um resistance. I would recommend paying attention to this is 304, but watch three above that it does have a chance to rally back, but that will act as very, very important resistance. Um. Today there was a good fight going on at 250, so you can watch that. But the real first support i'll personally be watching is two dollars, so we're just playing those nice round values, two dollars and three dollars: a nice bullish, breakout above three or a bearish breakdown below two. Those are the big price levels.
I would personally recommend watching um not only for friday, but the start of next week. Don't forget that the market is closed on monday because of president's day, but um sndl and tilray had a brutal sell-off today. But overall you should know that i am bullish on the long-term future of the cannabis industry, especially right now with a current president on a federal level, there is quite a bit of support for the cannabis industry, so i'm imagining that they will continue to trend upward Over 2021 2022, but in the short term, i would highly recommend paying attention to these levels. Um.
In fact, i would love to know your thoughts not only on tilray sndl, but what about cgc apha long term and the short term are you bullish on them? Bears on them, do you think that my long term thesis of being a bull is right? Do you think that i'm missing something um uh, of course, i'm gon na never be perfect. I will miss a lot of things in the short term. I think the charts are looking a little iffy, but in the long term i like investing in them and uh. For me, i'm not going to pick out an individual individual winning company.
I really like the etf mj, which tracks like the most popular cannabis stocks, but uh. That's just my thoughts on it. I would love to get your thoughts and uh. Remember just always: pay attention to your risk and reward uh.
You don't want to just blindly chase a runner because it could lead to situations like this like if you were chasing it in pre-market, you could have got really hit. Today i mean we saw that till rate was down. 49 sndl was down 9 19 cgc bad down. 20 22.
Excuse me um. Wild things can definitely happen in the market, which is why you always should respect your level of risk. You.
look into cresco boys and girls as far as pot stocks. Dont forget EHANG as well. look up some video on them. They are the leader now in the race to drones. I think this will also impact Uber in the future (5 10 years)
Bruh Joe Biden and Kamala Harris locked up more people for non violent drug offenses than anyother in America possibly the 1rst world
My two cents is buy what you can let ride. I sold part of my SNDL because it was making me crazy. Now I will let the other 700 shares ride and move onto the next one. It will still be a thrill ride but one I can live with. Just my opinion. Billy Ray Valentine. Slayer of the Duke brothers
Time to increase positions. Buy the dips! Cannabis market is growing regardless. Dems pushing for legalization will create the moon rally. Time to get in on every dip before then.
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This is what really happened. When you buy a stock the market makers "barrow" your shares then uses them to bet against you pushing the price down and forcing you to sell your shares back to them for a lot less. Short selling should be illegal. "Barrowing" your shares to use against you is bull shit plane and simple. Why can't they just buy puts, then talk about how bad the stock is then sell the puts if it goes down? Because they can't manipulate the price down without your shares.
Pot reform in the uS is going to die and there will be NO boom in the market – but keep on buying these stocks
Does anyone read the news? The senate majority leader said they will have a difficult time getting 60 senate votes to pass any pot reform. So you understand that means there will be no new market in the US right? But I guess keep on watching those little bars and charts and ignore the fact that this entire industry will NOT be getting any new markets in the near future. But this guy is an expert…
What percentage of profits do you all take? When TLRY hits big on one day are you holding or selling some off to profit?
I hope you do a core education video for newbies soon. I think prices are going everywhere because the market is being flooded with new traders (which is good) but they are putting up more than they can afford to lose and panic selling because they only understand the concept of up and down and not longer term investing. Longer term can even just mean 6 months. It doesn’t have to mean 40 yrs. But too many new people are taking it hour by hour and day by day
Remember the call option for 12th expires so you had many people bailing. Panic sellers follow. Expect a rebound no problem
sold sndl 1st thing, sold my sndl calls, then rode my sndl puts down. now liquid looking at AESE
I feel like they're going to plummet. Everyone hyped them up because of whatever the legislative was about. But then everyone realized canadian companies won't have anything to do with that. It's only going down from here. That's just my opinion. I got out before I lost money thankfully.
I have a positive outlook for tomorrow on the marijuana markets I’m guessing they will clean up around 30-40% of today’s losses
I bought SNDL at the start today… Then it dropped … So I'm thinking of buying more and just keeping it long term. I'm buying out of pocket soooo
I’m a long term investors. I own shares of 4 marijuana stocks months ago. I’m thinking the same as you. If the federal law passed in a very near future, those stocks will be going to the moon!
Thank you for posting this video!! I’ve always been watching your stream when I’m working from home but today I couldn’t because I was working at the office 🙁 These types of videos & naming it based on what stocks you’re talking about is amazing!! Please keep it up!!
Canna ETFs are the way to go until the day we know it'll be legal in the US. At that point look for good CA/US companies that have positioned themselves to open up ops immediately. Watch for companies entering into the last half of 2021 with high debt and avoid them – like SNDL. But, don't take my word for it, I am a space dumb ape.
Don't invest what you're not willing to lose folks! This is a WEED stock and it's POPULAR! GET IN!
TLRY is going up tomorrow, it started gaining traction at around 32 on Feb 8 at 30.09, tellin u it's going back up be ready.
I think Tilray's 50% drop today was way overblown. Yes, I understand that the stock has run up massively over the week, but it didn't happen without great fundamentals, such as partnership in the UK, pending Alphria merger, and weed federal legalization sometime this year. The media has been trying to spin this all week saying weed stocks have been wallstreetbets target for this kind of volalility. This stock is not GME because there are many great things ahead for this industry. I'm not good at technical analysis so thanks for posting this awesome video explaining the key supports. I'm hoping this will hold above $30 tomorrow and better yet, bounce back into the 40s tomorrow or sometime next week.