Just like its peers, no higher high just yet. Look at the way these peaks line up with past performance. ACB's earnings are likely to have a bearish impact on the broader market. I'm thinking we'll see APHA turn to the downside again. For now.
Slight bearish convergence on the Stoch, and also RSI indicating a possible hourly pullback. Earnings are guided, so the revenue figures are not very likely to drive the price upward. We're looking for profitability. ACB predicted Q4 profitability. The press release issueing earnings guidance only mentioned that they are moving closer to achieve positive EBITDA....
Rising wedge pattern on the hourly chart. Daily indicators show possible underlying strength, but hourly volume is decreasing. Broader markets could see a bounce on Monday, and APHA is likely to participate, but chances are very small that it'll break this pattern bullish. Trade with caution.
As expected, a bearish confirmation of the rising wedge pattern I posted last week. Now we are looking at a descending triangle on the daily charts, another bearish pattern, indicating that APHA may want to close the bull gap before reaching for new highs. It makes sense, to expect buyers to wait there, patiently. Seems like a great level to get in for a long...
Levels on watch. Needs to break yesterday's high to break the wedge bullish. Indicators on the daily show underlying strength. Targets $6.90 and $7.20. A break above $7.20 would once and for all break the year long downtrend that APHA has suffered, in search for new highs. WIll APHA lead a new pot rally?
Nice move today back above the 50 DMA of $6.52. Some resistance in the $5.60s intraday but overall this is a great swing setup and the best looking chart in the sector Target 1: $6.71 Target 2: $7.05 Target 3: $7.22
Everybody has been on the sidelines after that Citrus Research short play. Suddenly, this excellent news. Ignore the positive EBITDA, but look at the revenue growth. Last time APHA posted really great news, it trended up with almost 80% in under a week. Looking at the charts, we could be testing those levels again soon. It makes sense from a technical perspective,...
This stock took off today after reporting positive earnings. We will be watching this stock for a continuation trade tomorrow. Main levels to watch are 7.45, and 7.00. If you're looking to go bullish, watch 7.45. And if you're looking to short this stock, watch the 7.00 level. Maketshare News: "Aphria shares soared 38% Friday to lift the broader cannabis sector,...
Refer to prior chart for details
Entry 1/2 ****STOP 8%**** We routinely review hedge fund filings, and the trend is becoming clear: funds are bullish on oil. From Warburg Pincus, to Elliot Management, concentrated funds are betting big on the energy sector. The reason why we chose this particular oil company was because of two reasons. First, and most importantly, the risk reward is...
TraderNoxtreme with a quick, successful, swing trade recap. We dumped hard on APHA (which was already pretty deep in a downtrend) during the first 30 minutes of the trading day friday. This brought our 1 HR RSI to 20 and our 4 hr RSI to 31. I wanted to wait for 30 RSI on the 4 hour but after seeing 11 5 min candles with consistent bull volume and getting back...
*Correction: Cuomo is the Governor.
Dear Cannabis Sector friends! In our previous TLRY idea we had asked ourselves: Can TLRY repeat what EOS from crypto space did already? (See the link below) The answer is: Yes . And this is the beauty of Technical Analysis: No matter where you go, which market you wanna play, human psychology never changes. A beautiful descending triangle gets broken bearish,...
Hello my dear Cannabis sector fans, but also to my usual Crypto friends: Pay attention now! The legalization of Cannabis is coming from left an right, and obviously, what had started in Canada, will not just stay there. The US is the next huge market, and after that comes Europe. Some of the Canadian Cannabis companies have seen huge run-ups already, but this...
Market Cap 2.86B Enterprise Value 1.94B Price/Sales 484.27 I think it is getting a little too far ahead of itself at this point. The Cramer pump is suspicious, especially considering the timing. The reason I'm only adding 1/4th is because the momentum is still strong, and it could rally up to $20.00.
Weed - RSI Overbought, hitting previous resistance at $65. I was wrong with my short at $58 level. Short interest went up 4x from jan 1-16th, shortdata.ca. Earnings is Feb 14th, so I am on sidelines and will wait post ER. If spy breaks over 270 next week, weed can go higher! FOMC is Jan 30th. Holding $TGOD shares from 2.99. Safe trading!
Weed - Hit .618 Fib level, pull back for higher low. Look for back test $54.62 on 4 hour chart as support. RSI overbought, good news about hemp facility in NY. I will wait for support level to buy more shares. Picked up some TGOD for long hold last week at $2.99. Good luck!