isnarain

Bearish Trend likely to continue for the short term.

TSX:APH   None
Retracting from short term high's, I have key resistance levels broken, meaning it's going down for the short term. Where do I see it rebounding, 10.20's by June 5th - 6th then a strong bullish rebound back to 11.80's. This would be confirmed by RSI/MACD wedge/AO/49 other indicators etc.. Here's the magic number, 11.80 +, If (70% probability) the stock continues beyond the 11.80's after June 7th, 2018, the Bull run will continue and continue hard. If we fail to break 11.80's by June 7th or beyond and the stock retracts below 10.30's, its game over. The MJ space will likely die and go back into a bearish medium to long term trend. So the real challenge is, do you believe this stock will go above 11.80's in the short term and hold above? We believe, the stock will hit low of 10.20's, retract to above 11.80's and continue with its bullish trend. If that 30% probability of hitting below 10.30's occurs after June 7th and beyond for the short term, sell your stocks and never look at the MJ space again. I will likely buy back a small position in the 10.20's and wait to see what happens.
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