balinor

Breakout

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BATS:TLRY   Tilray Brands, Inc.
Tilray crossed bearish trendline (purple) and entered again into side channel 1.93$-2.10$

I think price will move inside the channel for some days berfore breaking out
First target to reach should be the purple dotted line around 2.40$

Short term channel is bullish (green) but long term one remain bearish (red channel)
Kommentera:
Breakout failed, price cannot stabilize into side channel
Yesterday Tilray reached the bottom of the channelup at 1.81$

Now it can recover or exiting down heading to 1.62$
Kommentera:
Yesterday price tested lower support trendline at 1,71$

In the good scenario price rise breaking purple trendline as confirmation

In the bad one price go lower than 1,71$ nullifying current upside channel and going down to 1,60$
Kommentera:
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Flying on reschedule news
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