Tuesday 15 January 2019

Tilray - Setup was Planned





It was a great evening session yesterday where I shared this stock Tilray and it's bullishness. In fact, I also shared many other good counters where opportunities were the greatest where it's good to posit into the watch list. One of the homework I did last weekend was to find good counters which can build a trend and hence I discovered Tilray, a stock we used to trade very often. So there was a small base built on as shown in the daily chart. In this small base, the sellers were reduced and cut out. The buyers were building and absorbing the scripts where it was about to trend higher.

Hence, after my private sharing yesterday in the office, one of my student traded this counter and lock in profits within 20 minutes when the stock shot up furiously with speed. I believe it was the right thing to do for short term trading but from the daily chart, it looked like it might be going for some little reactions before this stock can move higher. Hope to see the signal soon and jump in for a ride.

Ronald K - A Game Changer