Powerhouse deal, Sweetwater deal, I think APHA has dynamite potential. But this deal killed momentum for the stock, and replaced it with confusion. If the daily MA21 isn't regained with at least some confidence today, I believe we could be headed towards the daily MA50.
1) I am proposing minor wave 1 of intermediate wave 3, complete. I am looking for minor wave 2 to close the TLRY gap.
2) The TLRY gap is closed at APHA $6.59.
3) $6.59 is the .618 FIB of minor wave 1. Also known as the golden pocket.
We can only trade what is right in front of us. Falling wedge for the first A wave? Could see quite a bounce before continuing down. Or up.
1) I am proposing minor wave 1 of intermediate wave 3, complete. I am looking for minor wave 2 to close the TLRY gap.
2) The TLRY gap is closed at APHA $6.59.
3) $6.59 is the .618 FIB of minor wave 1. Also known as the golden pocket.
We can only trade what is right in front of us. Falling wedge for the first A wave? Could see quite a bounce before continuing down. Or up.
Comment:
Unless TLRY is flagging? Both assets could reach double digits. Easily. But it isn't likely to see these assets more than 0.8381 points away from each other, TLRY always in the lead.
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