
Tilray Brands, Inc (NASDAQ:TLRY) was spiking up over 6% on Monday, attempting to break up from a falling channel on the daily chart, which the stock began trading in on Aug. 8.
Within the falling channel pattern, Tilray has been making a series of lower high and lower lows in a downtrend on the daily chart. The pattern is bearish for the short term, but can be bullish down the road.