Following yesterday's assessment, there is also potential for a Bearish Crab. If this pattern plays out, we will meet the white dotted line for the first time since 2018. It is possible that the Cypher plays out first. I am thinking $3.89 support and a following break out are key to figuring out where she is headed... Levels on watch!
Degree over 45 top candle shows buyers giving up or seller getting aggressive going down for short term but still bullish trend
Not sure what we are looking at here, yet. Certainly, $4.30 shouldn't break again...
On a micro trading level APHA appears to have formed a bullish flag pattern, but the top resistance of the bullish flag is the same resistance of a more macro Ascending Triangle. Interesting. The breakout to the upside will be modestly significant in terms of shaping the macro trend, IMO.
APHA is knocking on the door to a potential bullish shift, but it hasn't broken through yet. Shares of the stock are currently testing confluence resistance at the 200-day MA, the downward sloped trendline, and established price level resistance in the $4.00-4.50 zone.
From what it looks like to me, APHA needs an impulse to break key resistance around $4.30 and try for weekly resistance around $4.80. She is packing energy right now, and I am expecting $4.10 resistance-turned-support to hold. A break of this support may see a retest of $3.89. There is no telling if wave 3 is complete yet, though. CGC reporting earnings tomorrow....
APHA seems to be tracing minor wave 3 up. If this is the case prices should trend to up to 6.53, where minor wave 3 would total the Fibonacci level of 1.618 of wave 1. If price crosses down 2.78, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
$APHA $4.10 is strong resistance but trend is bullish, going to follow this one
Daily Time Frame: - Breakout - Ongoing Wave C of 4 - EMA20 and EMA50 would be crossing each other soon Monthly Time Frame: - Ongoing Wave 4 (pump) - I am expecting another drop after the stock reaches ~$5
The asset sold of on news on Friday. The company strengthened its balance sheet at shareholders expense, amounting to a dilution of of roughly 7%. The company remains on track, but macro economic insecurity is likely to hold the share price down for some time to come. APHA is currently is a wedge, most likely to break bearish, looking for the lower $3 range or...
As the title suggests. After a plethora of analysis. I believe we are just about to begin the final 5th wave down to complete a WXY complex zig-zag on the grandsupercycle timeframe. This theory corroborates my other NASDAQ predictions previously posted. This theory, that we will see multiple legs down and extreme volatility in the coming weeks. To complete...
First off, please don't take anything I say seriously or as financial advise. As always, this is on opinion basis. That being said, let us get into my thoughts. I believe given how APHA been doing financially given this quarter, and its current bullish run, a $5 short target is reasonable. However, I am worried the wave may peak at that point, and it does have...
As forecasted in the previous post, APHA completed its minor wave 2 correction and is now tracing the final stages of minute wave 1. After this is complete, minute two should develop and after that it should be a good time to enter this position to capture the best wave to ride, that is wave 3.
Trend based FIB extension suggests a pull back to $2.88, while I consider $3 to be a very important, historical level. If SPY doesn't strike down, we'll see APHA charge batteries here, for another charge at key resistance.
APHA formed cup and handle, ready to go up from 3.2
APHA, a cannabis stock, seems to have finished minor wave 1 up and it is tracing down for minor wave 2. The most probable targets are from 3.39 to 2.84. If prices crosses up 4.28 this scenario will be void. FOLLOW SKYLINEPRO TO GET UPDATES.
Lots of confluence on Jeffries' price target. Not unreasonable at all. 50% upside...
They expect their new shelf prospectus and reverse split to be completed on May 11. Based on last week's market cap, we would be looking at 35% dilution, but after yesterday's sell off, it is getting closer to 50%. I had a buy box for a bounce play, but for the time being, I will be avoiding ACB like the plague. ACB and CGC, they once were kings of a promised...