Today was a quiet day for TLRY, but it still managed to put in an inside day, and that’s exactly the kind of setup I like to watch closely. Inside days often indicate indecision in the market, but in this case, I see it as an opportunity. I’m very interested in buying some TLRY over Friday’s high at 9.85. That level is key for me because a break above it would suggest that the stock is ready to resume its upward move.
What I really like about this inside day is how it shows relative strength compared to MSOS. Today MSOS dipped below Friday and Thursday’s lows, yet TLRY didn’t follow suit. It’s still holding above Friday’s low, which tells me that there’s underlying strength in this stock. That divergence is exactly what I look for when trying to spot low-risk entry points. If TLRY can push past Friday’s high, it will confirm that relative strength, and I’ll feel confident adding to my position.
I’m also keeping an eye on the weekly chart, which I posted about the other day. TLRY tends to pull back for about two weeks before resuming its uptrend, and that’s exactly where we are now. The stock is settling into that short-term consolidation, which could give us a nice springboard for the next leg higher. When a daily inside day lines up with a weekly pullback like this, it often marks a low-risk setup for entering a position before the next upward move.
For now, I’ll be watching TLRY closely, particularly around that 9.85 level. A clean break over that high could trigger a move that carries the stock higher in line with its historical pattern. Until then, I’m patient, observing the action and waiting for the market to give me the confirmation I need. If all aligns, this inside day could be the perfect opportunity to enter and ride the next leg of the trend.
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