Fida4u

Aphria is in no trade Zone

TSX:APH   None
Aphria seems to be in consolidation. Currently, the 20 MA seems to be working as an immediate resistance. Judging from the weak bull volume and the recent run up, I would rather sit on the sidelines until a clear break ensues. Additionaly the rsi is starting to point downwards. I know many of us are excited about this sector and all of the acquisitions and interest from fortune 500 companies and international players, but in an extremely volatile sector, id suggest playing clear breaks and momentum trading. In the case where extremely bullish news is established, Aphria can make a quick turn around, rendering this analysis non applicable, and yes I will jump in without a question :) Happy trading
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