TLRY LOOKING LIKE ITS BOTTOMING / Similar to BTC bottom

20 jun 2020

Hello traders, during my trading experience I have seen many securities bottom. When a security is depressed and it forms a bottom formation the formation is very similar to a fractal making a triangle. While making a triangle it tends to be very extreme -frequently breaking highs and getting back to lows- hence creating a fractal with large swings. I have been eyeing TLRYs chart for a few months and can see a bottom very similar to BTCs bottom a few months ago. I can see Cannabis fundamentals catching up aswell. While we are in a middle of a pandemic, Cannabis stocks fundamentals not only have been not affected but many cannabis companies have experienced a growth of revenue precisely this is true with Tilray. While these companies have trouble with managing their debts and expenses they have been growing at a fast pace. It can be a good idea to allocate a small percentage for speculation. Personally, I have been buying LEAP options on TLRY expiring in 2022. With more countries legalizing we can see these stocks getting back on track with better fundamentals and a fuel driven by hype. While the broad market is at a critical point its safer to invest in a couple weeks. If you believe the market is going to recover then these growth stocks will most likely outperform blue chips.