Is Tilray (TLRY) Just Bitcoin All Over Again?

The volatility in TLRY has been stunning to say the least.

Is it conceivable that this kind of volatility would adhere to the Square of 9?

Let’s take a look.

Below is a 10 min TLRY for Tuesday/Wednesday:

Yesterday, with TLRY at 250 I Tweeted (tongue in cheek obviously), that if TLRY hit 300, they were going to make a bid for AAPL (extrapolating these kind of gains into year-end).

$TLRY to bid for $AAPL if stock can get to $300 today. or was it the other way round.
Cheech or Chong?

— Jeff Cooper (@JeffCooperLive) September 19, 2018

TLRY hit 300 within 20 minutes.

Why pick the number 300?

360 degrees down from the 300 high is 235.

720 degrees down is 178.

Notice following an Opening Range Breakout above 236 that TLRY ran another 360 degrees right to 300.

Notice that 360 degrees down from the morning high ties to a 360 degree pullback.

In other words TLRY exploded 70 degrees or 2 revs of 260 degrees from the morning low.

Following last hour Train Tracks, a late day panic played out into gapfill to 151 where another 360 degree plus rally to 204 occurred.

I can’t help but wonder if TLRY’s hyperbolic reversal yesterday mirrors the market top in January, which tied to the Bitcoins hyperbolic reversal near the January DJIA top.

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