Shares of Tilray Inc (TLRY) continue to consolidate in a bullish flag pattern since its recent mega-surge. If the consolidation continues as expected, Tilray will pull back to $17.50 and is the key stock chart buy level.
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In early January 2019, Tilray Inc surged from $15 to $22 within two days. This was a combination of an oversold bounce and short squeeze. Since that point, the technical chart consolidation has been doing its job to digest the move. The stock chart buy level retrace is nearing as the Tilray is trading around $19.00. Look for this level to accumulate shares for the next surge higher.
Remember, even a hint of a democratic president in November will be a huge windfall for the marijuana stocks. Tilray should see north of $30 on that possibility alone.