Oct 15 in Daily Stock Post
Tilray Brands Inc (NASDAQ: TLRY)
This is not investment advice; it’s a trade idea for educational purposes. All trades are inherently risky and may result in a loss. Please do your own research.
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From a Yahoo Finance post yesterday: "Tilray faces notable challenges following the ABI Acquisitions, completed on September 29, 2023. The company’s ability to harness expected revenue and sales growth is crucial, yet realizing operational efficiencies and cost synergies remains uncertain. Integrating the newly acquired craft beer operations demands significant resources and management focus, which could detract from other business areas. Moreover, any inability to effectively blend these operations into Tilray’s existing framework may lead to unforeseen liabilities, undermining the anticipated benefits and potentially impairing the company’s overall financial health."
i see lots of upside for this stock where it sits right now at $1.56.
Moving Averages
- 50-Day Moving Average: $1.7562
- 200-Day Moving Average: $1.87825
Support and Resistance
- Support appears near the recent low of $1.45.
- Resistance might be around $1.63 (previous close) and $1.87825 (200-day moving average).
I bought this today at $1.56 looking for a short-term gain which I will take, likely around $1.63, the resistance point. It is riding on the lower end of the support side of the S/R channel where it has been bouncing for the last six months, so a longer-term buy and hold could also pay off.
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Tilray Brands Inc (NASDAQ: TLRY)
skool.com/daily-stock-tip-6173
THIS IS NOT INVESTMENT ADVICE. This group will have a daily stock tip posted. This is for purely entertainment and educational purposes only
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