Hi All, my main 3 take-outs from this analysis are the following: 1- In the 4H timeframe the price found support at around 9$, which is also an area where the historical red trendline and the lower side of the big falling wedge crossed (light blue box!) 2- Inside the bigger falling wedge there is a smaller falling wedge which has been broken on the upside....
It’s falling and falling and will continue to fall for a little longer. This should go on until a little under $9.73. There, the correction should finally end and new increases should follow. Be patient!
Hey everyone! Here with a video on some Cannabis Stocks I've been checking out. (THIS VIDEO, HEXO, APHA, ACB) Day time frame: Most of the cannabis stocks are looking very similar. -completed Market Cycle -Down 80-100% -lower MA's have crossed north, or are close to crossing 200MA in Bullish form IMO these are looking like great places to invest if you wish to...
Aphria has had a great run into 2021, but it seems to have switched momentum in the opposite direction since February. I'm sure the bad earnings didn't help it's case either. Worst case scenario, it falls to the next level of support around where the 200 EMA is currently. Best case scenario, it bounces off current support and makes a run back into its upward...
If the 100DMA breaks, it's all over. We're at critical support, and it has to hold, else the 200DMA comes into play at 9.10. If we see a notable bounce off broader earnings strength this week (positive ETF flows), we could be in for a profitable bounce of 10-15%...
This is not an advice. Just my thoughts about Cannabis stocks. I personally believe in the product too and the market to grow. Tilray is going to merge with Aphria on 14th of april and on 21th of may they will tell their earnings in a report. I hope to see a retest this week to the 23 area. After a break of 23 we can see more up to 30 or even higher. It's also...
Consolidation pattern looks to be preparing for a breakout to the $31 range, which would put it near its ATH of $32 that it hit 2 months ago. Will be interesting to see if this breakout occurs, does it become a double top at $32 or does it slice on through and continue up.
APHA is a good stock in Cannabis world, current bearish PO is almost met, it's a good spot to buy the dip we've been gathering supply in the marked areas above for a while. Bullish PO ranges to $23 at the moment. Good opportunity for a Long term. Keep an eye.
All of these cannabis stocks seem to be following the same trend as eachother! Tilray & Aphria merger coming soon! Tilray + Aphria = Tilray Aphria shareholders will receive .83 x 1 share of Tilray
EDEN or EDEN.CN on the CSE (Canadian Stock Exchange) is a new recently listed cannabis stock that is a chain of dispensaries across the U.S and Canada. They also have growing facilities, cannabis cultivation and extraction facilities. They are going to have continued expansion, and have an outlook of $1.00 by the end of the year!
Recently, Aphria went all the way through our blue trading zone and we believe that the bearish movement should be over now. From here, we expect the stock’s price to increase again and crush through the mark at CAD28.78. All in all, we expect prices of above CAD37 to become reality in the near future. With a probability of only 30%, there is a chance that the...
APHRIA had been retesting at 18.80 for a couple days and today finally broke through and dropped a ways. If APHRIA drops to $17.50 and breaks the resistance it will be headed to break the $17 resistance line of the head and shoulders in which we’ll be seeing some lows again around $10 a share which would be good for a long term investment and entry before the 4/20...
APHA (Aphria, Inc.) is rebounding up from a support line on the year to date rising fibonacci channel. It is probable that APHA will continue it's upward momentum up to 17.81 for an approximate 13% gain (+/-) upon where it would encounter the yearly 61.8% fibonacci resistance level. If APHA crosses above 17.81, the Point of control (POC) where volume is most...
TREND ANALYSIS - 📑VALUE: 0/20 📈GROWTH: 8/20 💰PROFITABILITY: 16/20 🚀MOMENTUM: 20/20 💸EARNINGS: 8/20 🖇️TOTAL SCORE: 52/100
$APHA looks like it is getting ready to take off!
Check out my previous analysis on TLRY, same idea. More legalization talks around cannabis this year with Democratic majorities in the U.S government. Potential buyout here as well.
looking like 3 wave so far. want it back above 9 to turn bullish. otherwise expecting 7.7 to 7.3 for correction not financial advice