Is Tilray Stock Ready To Bounce, Make A Reversal?

Tilray Inc. (NASDAQ: TLRY) shares gained Wednesday after the stock was able to see a bounce off of support. The stock has made a double bottom off of the support level and looks to now be pushing back higher.

Tilray was up 4.22% at $10.86 at the close Wednesday.

Tilray Daily Chart Analysis

  • Shares look to be bouncing off of support in what technical traders call a sideways channel.
  • The $10 level was once a resistance level, but the stock has since found support nearby. 
  • The $20 level is somewhere the stock has found resistance …

Full story available on Benzinga.com

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