Aphria has to decide

Aphria appears to be in the final stages of a symmetrical triangle. A breakout is close to fruition. Although I am a optimistic in the long term, I am leaning to a breakdown here. The 50 MA (orange line) is hovering over the current price action, causing some resistance (reason #1). The Rsi , although low on the scale, seems to be turning lower which will indicate further selling pressure (reason #2). If you pay attention to the habits of the rsi in Aphria, you will realize that for the majority of the time, between every large oscillation, there is a smaller one formed in between (smaller one is forming and is currently pointing down). I am inclined to believe that the price action in the following days will be lower.
Jul 16
Comment: Aphria is sitting on the 38.2 % fib level. If this level does not hold, look for a retracement to around the $7.5 level. If it manages to reach $7.5 , this would be a good level to enter a long position.
Jul 31
Comment: Earning tomorrow ! No TA around earnings. Let's hope for a surprise, seeing some positive movement from aphria. There international expansion is unique and solid. Best of luck


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out