Why Tilray's Stock Looks Like It's Beginning To Reverse

Tilray Inc (NASDAQ: TLRY) shares are trading higher Tuesday, moving alongside other popular cannabis names. The overall sector is moving higher as continued optimism on cannabis is possibly a factor.

Tilray was up 4.27% at $13.69 at last check Tuesday afternoon.

Tilray Daily Chart Analysis

  • Shares have been falling and look like they could be ready to start turning around if they are able to break out of what technical traders call a falling wedge pattern.
  • The stock has been getting condensed between narrowing highs and lows and is now nearing the point …

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