Aphria is likely to form a tightening equilibrium, the break of which will likely be determined by how SPY breaks
ACB enjoyed a nice oversold bounce the past two days, now we're watching the high and low of Friday to break to signal consolidation or continuation.
It's now been three full trading day and Aphria still has yet to challenge head-on the allegations of a short seller who put together a compelling storyline. The only response so far has been to dismiss the claims, and this lack of response has seen the stock lose half its price in three days. In this video I discuss where I see the short term action heading,...
ACB had a clear bear break today, and there is a lot of space before next supports are encountered. Bears are in full control
Clear bear breaks today keep the bulls in full control of CGC and WEED in every timeframe. Currently in an area with a lack of support. A weak afternoon bounce leaves us in an hourly bear flag setup heading into tomorrow morning, bulls must hold the low of today tomorrow as a first step in negating that flag.
APHRIA is under a short attack, and down 40% in two days after credible allegations have come out about fraud, stealing investors money, and dilapidated international facilities. I have no way of knowing if these allegations are true or not, the truth is probably somewhere in the middle, but the video is very damning. The short seller took a flight overseas and...
ACB has a key test of support first thing tomorrow, and there's a lack of support near by should the chart see a bear break
Here's what I'm watching for CGC and WEED. Bears are in control as key support is likely to be tested first thing. There's a lack of support for 25% in the event of a bear break.
Nice setups on a few names heading into next week TGOD S: 3.16 R: 3.41 OGI S: 5.23 R: 5.65 HEXO: S: 5.65 R: 6.19 CRON: S: 7.70 R: 9.08
APHA remains the weakest long term chart in the sector but some weird price actin Friday caught my attention
I have no interest in ACB this week but here are the levels
Watching CGC tightening pattern break for a solid dump or bounce. R: 34.85 S: 33.08
APHA confirmed the daily bear flag, while the rest of the sector is still holding key support - but the bulls don't have my confidence it will hold. APHA key levels first thing tomorrow is the low of today, and the high of the recent daily bounce. S: 11.86 R: 13.75
ACB is positioned weak with a potential daily bear flag. Key short term levels: S: 7.92 R: 8.93
CGC is up against a significant area of support including three price levels and the 200 day MA. Watching tomorrow for how this plays out. Key resistance for bounce continuation & bear flag negation is 32.99 Key support is 31.85
Big move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely...
Big move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely...
CGC saw a huge move on President Trump's tweet that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly...