TLRY Approaches an Important Technical Inflection Point

TLRY-- technically is nearing or is at an important inflection point in the aftermath of its powerful run from 20 to 300. All of the action since its 9/19 high at 300 through this AM can be viewed as a larger digestion or Coil formation that could be complete, which if accurate, means TLRY should be on the verge of a new powerful upleg. Right now, my work argues that as long as support at 103.25 (today's low) down to 101.10 (10/23 low) remains intact, the prospect of an upside breakout above 127-130 is increasing by the hour. Be aware though, that failure to hold the recent lows will point TLRY towards 85-80, and possibly 60 thereafter if the integrity of the Coil is violated to the downside. Last is 110.32