- TLRY has surely destroyed a couple of momentum crowd since reaching a new high of 300 in September 2018.
- Reasonable investors would have learnt their lessons from the Bitcoin Crash and would have seen the ‘EUPHORIA’ around this particular stock. TLRY broke out from an Initial base of 34.10 and zoomed straight up to 300.
- One would have noticed that the SMART MONEY had begun selling already at this time.
- Watch the reversal on September 19. It was a clear clear sign of the sell-off to follow. In hindsight, it is apparent that the stock sell off significantly after reaching the high.
- Traders with keen eye look out for such reversals and sell postions or hedge on these signs. Investors had another opportunity to sell their position when the stock fell through the 50 day moving average in October on strong volume.
KEEP CHECKING US OUT AS WE KEEP UPDATING HERE WITH NEW POSTS/ IDEAS TO UPDATE ON THE MARKET TRENDS.