Marijuana stocks have been all the rage the last few months, once such stock is Tilray. The advance from the Jul 2018 lows appears to count as a completed impulse wave. There is a clear 5 wave move at the moment, so if any upside stays below 127.32, then there is a strong setup for a potential move lower to correct the advance. A 3 wave decline towards the prior 4th wave is a good target around the 70.00 area, so thats a fair size retracement, but nonetheless a pullback is favored against 127.32.
The large RSI divergence with the last high is a good sign the move into 127.32 is a 5th wave of an impulse wave as I am currently counting.
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