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Cannabis stock TLRY plunging. What would be causing this price action?


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Cannabis stock TLRY plunging. What would be causing this price action?

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  #11 (permalink)
 LDog 
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I wonder if there's a correlation ...

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  #12 (permalink)
deiphage
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Well to look for correlation I'd check and index of the weed industry to look for a downturn or expected corrected wave in sentiment. A sudden downshift doesn't mean it's going to hell in a handbasket a lot of times that corrective wave is required for an even higher movement upward in the price.


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  #13 (permalink)
spetscom
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luiscristhian97 View Post
Cannabis stock Tilray (TLRY) is plunging after market today September 19. What could be behind this?

Hey man I am new to this forum, and new to futures, but I have a lot of experience with stocks. If you want to really put together the pieces and be able to identify why it is having a major sell off, I suggest you read everything @AuspexResearch has posted on Twitter. He has some pinned tweets that link to some very long Twitlongers. Read everything. I even downloaded all of his content to my pc just in case he took his offline. He opened my eyes to the value of fundamentals when it comes to stock movement. When I paired his fundamental analysis strategies with my technical analysis, it just took my whole perception and trading of stocks to the next level.

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deiphage
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But for TLRY if it stops the corrective phase at or before the target then I'd expect another 5 wave phase of growth. From looking at the chart I'm not seeing an exhausting tightening usually indicating a trend reversal.


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deiphage
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spetscom View Post
Hey man I am new to this forum, and new to futures, but I have a lot of experience with stocks. If you want to really put together the pieces and be able to identify why it is having a major sell off, I suggest you read everything @AuspexResearch has posted on Twitter. He has some pinned tweets that link to some very long Twitlongers. Read everything. I even downloaded all of his content to my pc just in case he took his offline. He opened my eyes to the value of fundamentals when it comes to stock movement. When I paired his fundamental analysis strategies with my technical analysis, it just took my whole perception and trading of stocks to the next level.



If you want to try another cool thing check Elliott wave analysis. After 60 years of being proven effective I think the guy was really on to something about sentiment patterns in the markets.


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Last Updated on September 23, 2018


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