TLRY Weekly Analysis Parabolic Wedge Bull Flag

13 May 2019

TLRY has formed a second entry for a parabolic wedge bull flag and larger high 2, although a doji bar. If the bulls are unable to regain control soon - something is wrong with the bull trend premise. If the bulls do not return within the next few weeks, prices are more likely to be in a trading range and will likely test the tight trading range of the open around $25. If the bulls do generate strong follow through, they will likely get two legs up at minimum, and possibly bull trend resumption.