Tilray (TLRY) Stock Loses Momentum: Time To Sell?

Cannabis hype extended rallying until April 7 and Tilray (NASDAQ: TLRY) went down to $6.48 when hopes of legalizing cannabis products started fading. On Friday it is expected to continue losing although estimated Q4 2021 earnings were beaten.

TLRY stock may shoot up not soon

In 2021 TLRY was riding over the $20 mark but 2022 is a nightmare period for all the cannabis stocks. This downturn is temporary and a new breakout may happen even in this dark year. TLRY may decline to $5 and start blasting off steadily. Those who are in fear are selling the stock. This is a nice chance for visionary future millionaires to collect more Tilray shares as it is most like to keep paying dividends.