APH bulls had a gift this morning with a gap-up open breaking the hourly downtrend, and re-confirmed the hourly downtrend by giving back the entire move back, barely holding the low of Friday by 5c. The bulls couldn't even muster a small push up after opening bell, leaving the bears in full control and the opening price as the high of the day. The range I'm...
After breaking its daily uptrend, APH bulls showed up Friday looking to set a daily lower high compared to 20.57. I'm expecting a back-test of the daily MA20, currently at 19.51 in the current configuration. I don't like any bull entries in APH right now based on the daily chart, but if you zoom into the hourly we see the bulls trend trying to change the trend,...
APH was by far the weakest name in the sector today, breaking $18.57 support and signalling a major red flag for the bulls, putting the chart into a daily downtrend with a lower high and a lower low. $17.76 support broke as well, and the last level we have to play off of is the low of the oversold bounce $15.76. APH rejected on open from daily EMA4 & EMA8. The...
Aphria is currently consolidating in the apex of a bull pennant. The drop in volume is in accordance to a consolidation phase. The rsi is hovering above the 50 level and slightly curling upwards. I suspect a break out to higher levels. The EOM is slightly above -.0005. As of recently , every time the EOM is in the -.0004 to -.0005 levels, a rebound ensues. The...
Aphria seems to be in consolidation. Currently, the 20 MA seems to be working as an immediate resistance. Judging from the weak bull volume and the recent run up, I would rather sit on the sidelines until a clear break ensues. Additionaly the rsi is starting to point downwards. I know many of us are excited about this sector and all of the acquisitions and...
I going to trend follow this stock based on 100MA. I measured the days price under the 100MA and above it and project that to future date which is 3rd week of December. Let see how it goes.
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...
Trying my best to keep things simple! Were at the bottom of a wedge, just floating in no mans land. We have the 618 right above, and the 786 below equal distance. On the 4 hour, you can see sell signals at the top of the wedge, creating the last selloff. No buy signals in sight besides the more irrelevant smaller time frames, with the Ichimoku cloud directing...
APH forming a Inverse head and Shoulder pattern to continue the bullish trend of Canadian MJ sector.
Canadian weed stocks are in a weird spot right now. Any wiff of news will send them either way. Legalization has been stalled (naturally) by the Government until they can figure out how to properly capitalize on it and shut out most if not all private vendors. Watching closely...
Aphria breaking out of downward channel, bouncing off support at $7.50. Buying volume looks good, and when there are sell-offs it is on much lower volume. Breaking out of resistance and closing above $9.95 will be very good for the mid-term, closing above $10 will break huge psychological barrier and probably lead to a nice run up long term. Aphria is a great...
Aphria is breaking out of a downward channel and has repeatedly bounced off support in the $7.50 range. If we can close above 9.90 on the 4 hour chart, although there may be another couple of down candles I suspect a cup and handle will form and we will see price enter solid up trend with stronger buying volume. Aphria is one of the few profitable marijuana...
I believe I have found a connection between Bitcoin and the MJ industry. When comparing BTC to APH I have found stunningly similar trends but Bitcoin seems top make the first move by almost a month. I have placed alphabetical reference points to show the comparison. Since BTC seems to be ahead of APH by a month, I went ahead and placed the next trend...
Small Day Trade long position in play for APH. Looks to be breaking out here. Chart shows buy position, stop loss and take profit 1 and 2.
I am very Bullish long term on the Canadian MJ sector. I like the odds of a nice buying opportunity in the next couple weeks or so.