WEED and ACB down on Friday and APH was showing bull strength as the past couple days having higher lows and holding its own while competitors are very over sold and still dropping. I like APH because the stock has fewer issued shares than acb and honestly the charts are cleaner and more predictable than canopy and acb. canopy when they have a bull day it moves fast but downs even faster. ACB has lots of bearish bets against it due to almost 1,000,000 issued shares but they own a lot of companies. if yours play is sector long. it doesn't hurt to have all 3. the prices are a bit inflated as the whole stock market is but don't let that fool you bull markets don't die of old age. happy trading
check out WEED if you draw a line of the two major lows and extend out it set up that the 20.50-31.50 gap gets filled right where the trend line extends out and it also meets the 200 day. Thats where I would back the truck up
derekh42
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@mrvopni, i day traded canopy today as i suspected 35 would be a decent support. i bought at 34.30 - sold at 35.3 - 2000 shares. also bought 10,000 ACB at 7.95 sold at 8.10. today was a good day but aphria had a lot of strength. since it moves a lot slower than canopy I never trade it like this set up i posted above the trend reversed very quickly and I forgot about watching it. i only have 2 monitors so i normally just pick 2 stocks and trade those. i don't really trade long in the summer because of the bears so i normally just trade major supports and sell the same day.
derekh42
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Big money still pushing ACB, WEED and APH down. big players want to get in lower and actually making all the charts look like garbage. everything is still very oversold. $11.00 is a major support for APH. $8.00 - ACB and $35.00 - canopy
eronftrading
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@derekh42, you should look into the fundamentals of these companies
derekh42
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@eronftrading, what do you not like about he fundamentals. P/E ratios? earnings debt?