Will TLRY reach its next resistance level of $2.30?
|Today’s instrument is the Tilray Inc., a company that engages in the research, cultivation, production, marketing, and distribution of medical cannabis products, and whose stock is traded in Nasdaq exchange under the ticker TLRY.
Looking at the TLRY’s chart, we can see that it is in a downtrend, and it was lastly traded at around $1.65.
Today, if it manages to hold the price above the support level which is located at around $1.50, then we could expect it to rise towards the soft resistance level at around $1.80, and if it breaks through it then the path towards the next resistance level, which is located at around $2.30, will open.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.