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Weed stocks crashing?! when should you buy the dip? tlry, apha sndl – Matt Kohrs

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WEED STOCKS ARE CRASHING?!
At what price(s) should you buy the dip?
Let me know your thoughts on TLRY, APHA & SNDL in a comment below!
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Video Topics:
tlry, apha, sndl, tilray stock, tilray, tlry stock prediction, tilray short squeeze, tilray stock analysis, tilray aphria merger, tilray merger, tlry stock today, apha stock, aphria stock, aphria stock predictions, aphria tilray, aphria stock analysis, aphria tilray merger, aphria merger, sndl stock, sndl stock predictions, sndl price prediction, sndl news, aphria, weed stocks, cannabis stocks, cannabis stocks 2021, cannabis stocks to buy 2021, marijuana stocks 2021, investing

What's going on hunging, i hope you're having a downright wonderful day. My name is matt, and this channel is all about stocks trading and investing. Now, if you've been paying attention to the cannabis sector, you know recently it went sky high and most recently it's been having a straight up pretty bad time in this video. Because of the recent blood in the water, we will be doing a technical breakdown of tilray, apha and sndl, where i'll map out the key price levels that might represent a solid dip buying opportunity before we hop into the chart.

So let me quickly explain: what's going on on more of a fundamental level, today alone, there were some pretty negative articles that dropped till race stocks loses steam as analysts a company not compelling as standalone business. We also saw this one tilray downgraded by two analysts on valuation concern. Tilray fell thursday after two analysts cut their rating on the diversified canadian marijuana company on valuation concerns, but just so you know there has been an overall amount of optimism increase in these marijuana based companies, because that a because of the democratic party like congress will join With president joe biden's administration to legalize cannabis at a federal level, obviously, if this were to happen, all these stocks would be massive beneficiaries, but this is what wall street is currently saying about. The companies piper sandler slash its ratings to neutral from overweight, but raise its price target to 26 dollars from 15 to reflect recent market movement, but they also said just to be sure, they're optimistic about tilray's proposed merger with aprea and they see improved profitability coming.

Meanwhile, another analyst benchmark cut its rating to hold from buy and more than doubled, its price target from 12. All the way up to 32. benchmark analysts also see an excessive valuation, though they also say that afria merger should enable a step up in profitability. So that's pretty good! So in the meantime we do see a downtrend in the stocks, but overall it does seem as if wall street is still a long-term bull on these cannabis plays.

Now, with all that, out of the way, let's hop into the charts till raid trades under the ticker t-l-r-y, it's currently trading it closed out the day at 27 and 10 cents, but in post-market trading, as i'm filming this it's at 26.70, thus far in 2021. It's still up a very, very respectable, 228 percent, so on the chart i have tillray's two-hour chart uh. We can see that in post-market trading back on february 10th, it did hit a high of 76.96, but after this run-up from the mid 20s to that, it's really really been selling off. Now these yellow levels are just technical levels of support and resistance.

When i say that when i say support it's just an area that the stock has bounced off of and when i say resistance, it's just an area that the stock has been rejected by in the world of strong stock trading. It's very important to map out these technical levels because they have support, loves to be support in the future. Resistance loves to be resistance in the future and also they can switch. A previous support can act as resistance and vice versa, and then, finally, on the bottom, we have the rsi.

Rsi is one of my favorite technical indicators and it stands for the relative strength index. All it does is map out bullish momentum against bearish momentum when it gets high, that's quite a bit of bullish momentum and when it gets low, that's quite a bit of bearish momentum. This is important because when it gets above 70, the rsi has values of 0 to 100, when it gets above 70, that's commonly considered to be over so overbought and when it gets below 30. That's considered to be oversold.

I wanted to bring this to your attention because, right now, at least on the two-hour time frame, tilray is getting pretty close to that oversold territory and i think it maps out well with these upcoming levels of support. Personally, um, i will be interested in picking up some tilray at the first level of support, which will come just below 24, and then we have another one around 20., basically from a technical perspective, there's a good theoretical chance of the stock bouncing at one of these Levels now keep in mind, that's in no way guaranteed, but it is a good way to optimize your risk to reward. Now with that being said, let's switch things up a little bit to apha the company that till ray is merging with um. Also, similarly, back on february 10th, it hit in high this one was at 32.25.

Since then, it has been selling off right now. Apha it closed out the day at just above 19 in post market, it's not below 19.. In 2021, though, it is also a very impressive 178. There are a lot a lot of similar similarities between tilray and aphria right now, it's also at a level of support below that.

We have another support at 1720 and from there we have another one at 15.65 uh with this one. I would i'm already invested in it, but i would love to lower my cost basis at one of these levels, specifically the one just below 16, because i think by then the rsi will very much be in the oversold territory. And i would like to play a reversion play back up to 19 22.50 and if i get lucky, maybe all the way back up into the 30s. I think overall, they are showing weakness on more of this micro scale.

But i think in the long term, tilray and apha will end up bouncing and don't forget in the second quarter of 2021. It is expected that these two companies will be merging and will be forming one of the largest marijuana companies on this planet. And finally, we have sndl, which is sundial growers. It closed the day out at 1.45, which means it was down 15.7 percent, thus far in 2021.

It is still up over 200. So i know these things have been falling recently but keep in mind on the year. All three of them are still doing pretty pretty well so in terms of sndl. After hitting this high at 4.86 cents, it has very much been selling off.

We do have an upcoming support at a dollar 33, but i'm far far more interested in the support from a dollar to a dollar. Eleven humans really really like trading off those key psychological levels and i think there's a good chance of it, bouncing even if momentarily at a dollar. But overall, my personal thesis on all these stocks are pretty much the same right now, there's quite a bit of bearishness. In them, i think they could keep selling off in the short term, but in the long term i do believe that they will be winners.

I would love to know your opinion on tilray, apha and sndl in a comment below and if you want to stay up to date with the moon, gang's live streams. Clips like this make sure you subscribe to the channel go over to that bell: icon, icon turn on your notifications and set it to always. So you don't miss any of the new stock market comment thanks for spending a portion of your day with me and remember best of luck in the markets. You.


26 thoughts on “Weed stocks crashing?! when should you buy the dip? tlry, apha sndl”
  1. Avataaar/Circle Created with python_avatars Common Man Crypto says:

    I profited big time from the last wave up in cannabis stocks. Sold about half of my position to buy cryptocurrency. Looks like I'll hold on to that for a little while as the cannabis stocks find their bottom. My instincts tells me cannabis stocks could dump a little further come up to the point where it shakes down the weekends. Great buying opportunity ahead

  2. Avataaar/Circle Created with python_avatars THE SUBIESICKNESS says:

    Matt Kohrs will never ask you to contact him on whats ap dont fall for it if the comment doesn't have a highlighted name its a fake account report it!

  3. Avataaar/Circle Created with python_avatars Allende Isely-Rice says:

    bought around 500 shares of sndl at .75 (': sold half at differnt prices between 3-3.9 its been a good run.

  4. Avataaar/Circle Created with python_avatars 4Retirement says:

    Good stuff Matt… I agree time to lower cost per share on all three soon. All RSI is showing close to a turnaround…..

  5. Avataaar/Circle Created with python_avatars H smith says:

    As a former pot head (don't smoke pot anymore, don't like the high, go figure), I can categorically tell you, pot consumption is not going to go up even if it becomes legal in the US, here's why, everyone that's going to consume pot is already consuming pot, there will be a glut and many of these companies will go belly up, just as they are now, go to any pot store in a free state and you'll see, no one is lined up to go inside, you go in and see about a dozen people milling around, a lot of people are growing their own, like micro brewing, it doesn't take a whole lot to do, anyway, pot stocks are a trap.

  6. Avataaar/Circle Created with python_avatars Julianne Huh says:

    Fundamentals of SNDL getting better everyday, no debt, ample cash, they are ready to merge with another big player . Will buy more at the dip and hold

  7. Avataaar/Circle Created with python_avatars Ronald McPaul says:

    I was there from the beginning when you quit your job and starting dealing weed and moon juice!!!

  8. Avataaar/Circle Created with python_avatars EyeSea says:

    Keep up the good work Matt! It has been amazing watching you grow since the early GME days. Mush Love! <3

  9. Avataaar/Circle Created with python_avatars German Escobar says:

    Thanks for the hard work MATT, the success you are having is well deserved. Enjoy the process man! Cheers

  10. Avataaar/Circle Created with python_avatars Chillin' w/ Meg says:

    I was watching an older video from 11/2020. That MATT was to monotone. I like this one better. 🙂

  11. Avataaar/Circle Created with python_avatars Nav R1 says:

    It will bounce back but I'm not buying the dip. Went it bounces back I'm out and investing else where.

  12. Avataaar/Circle Created with python_avatars L J says:

    I sold all my weed stocks today, I think they are going down for a while. The pump and dump ended last week, and TLRY down so much today even with strong ER report. However, I will be back to them near the merger day or after merger. Remember, both TLRY and APHA was traded under $5 bucks last year, I highly think that they are going back to under $10.

  13. Avataaar/Circle Created with python_avatars Og_Nibiru10x says:

    Man oh man. Why there always has to be a hater to dislike the video . Literally no reason to dislike… keep up the good work Matt!

  14. Avataaar/Circle Created with python_avatars AndrewMoMoney says:

    Hey Matt, big fan! If you had a chance, I messaged you on twitter on opportunities to team up on livestreams sometime in the future?

  15. Avataaar/Circle Created with python_avatars E Wolfe says:

    Whatever you do, don't look at silver. Wait until the news comes out and chase it.

  16. Avataaar/Circle Created with python_avatars Gustavo Parra says:

    TLRY/SNDL and other pot stocks are heavily heavily shorted. I would stay away from them at this point.

  17. Avataaar/Circle Created with python_avatars Gabrielle Bélanger says:

    I’ve been watching almost all of the livestreams since the GME/AMC saga and I love your videos. This is so helpful, thanks matt 💎

  18. Avataaar/Circle Created with python_avatars GRD III says:

    I know the hearing was long and boring but you jumped off right before much better questions came lol It's like me with trading, I always sell right before the big gains 🤣🤣 Still love your content Matt!

  19. Avataaar/Circle Created with python_avatars Bob Flemmet says:

    Great dip buying opportunity! I was too timid to get into these yesterday, but starting to grab a bit this and next week!

  20. Avataaar/Circle Created with python_avatars Epic Gamer says:

    I'm on the discord and the youtube streams every day man. Hanging out while I'm plugging away at work is good times

  21. Avataaar/Circle Created with python_avatars SexAddict says:

    Looks like my short on mj may work out after all. Really scared on that tlry er initially. Lol

  22. Avataaar/Circle Created with python_avatars Jebus Matoi says:

    If you're gonna jump into the weed game (and you're late af if you are), jump on anyone but SNDL. It's too inflated and doesn't have the support that Tilray and Aphria do. Even Aurora Cannabis is a better bet. I would just jump on ETFs if you want a safe play though.

  23. Avataaar/Circle Created with python_avatars Edward Mitchell says:

    I think I am seeing a pattern in that those RICH folks that loss money on GME, AMC, BB and others are now targeting any place Reddit says for it's members to look into. They might be doing this out of spite or just to show us normal folks who's boss. All they do is pay to put in some bad news about anything Reddit suggest to it's members and the damage it then done.

  24. Avataaar/Circle Created with python_avatars Vibez says:

    Love you Matt!

    Is it better to be on APHA or TLRY when they merge? I own some of both.

  25. Avataaar/Circle Created with python_avatars Chrispin Green says:

    Keep it up man, can’t wait to come back in a couple years and comment “ I was there when you quit your job!”

  26. Avataaar/Circle Created with python_avatars Johnny Flannigan says:

    Was just debating on buying some sundial. It could easily go up to 2.50. Could make a quick buck, not sure. Think ill wait till it starts going up

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