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jake66
Sep 23, 2019 11:55 PM

$APHA LONG LONG LONG Long

Description

Price has broke out of the descending resistance. as you can see more recently price has a TRIPPLE bottom. great bullish signal.

I think price is reversing to the upside. however the upside target is blurred. further analysis to come.



Bottom of APHA
Comments
MrLotus
I don't think APHA will go to $22 any time soon, unless there is a major catalyst in the MJ sector, like federal legalization in the US. $14, maybe, with some time and patience.
$10 seems like a reasonable first target for now, that would still bean interesting 25% profit.
MrLotus
Actually, first target would be in the $9.20 - $9.40 range, $10 would be second target, if the 9.40 resistance can be broken.
jake66
@MrLotus, totally agree. the entire cannabis space needs some good catalyst before 2019 ends.
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