APHA Day-Trade / Swing-Trade IdeaAPHA is a potential day/swing trade idea.
Technical Analysis:
A (bullish) inverse head & shoulders pattern is nearing confirmation.
Crossing above the previous high (Pivot) of 17.58 is a key indicator for this.
Bollinger bands on the 20-day SMA indicate that APHA is currently oversold and trending upwards towards the central mean (Red Line).
Potential price movement shown (up to 19.09) is based on the delta from the the neckline to the head of the H&S pattern. However if momentum develops from FOMO or other news, that causes the price to cross above the central Bollinger mean (Red Line), the next pivot could be 20.97.
Other catalysts that are moving investors towards APHA are:
1.) the upcoming finalization of the merger between TLRY (Tilray) and APHA (Aphria).
2.) investors positioning themselves for TLRY's (Tilray's) upcoming earnings report.
3.) Newyork State Governor (Andrew Cuomo) news of upcoming legalization of Cannabis.
4.) The prospects of future mergers and acquisitions (M&A) or other market expansion within the United States as the House and Senate move towards legalizing Cannabis at the federal (National) level this year.
Just my opinion, not advice.
TLRY
[APHA/TLRY] Keep an Eye for the Breakout and MergerNormalized to top and bottom of time period.
APHA continues to be the most valuable cannabis company out there.
Was .85 going into new year and now approaching the .83 merger ratio agreement.
Let's keep an eye for any other opportunities to trade TLRY for APHA before they merge for good.
SNDL most active stocksClean chart but patience is required. Can we see the green boom here soon? A break over trend line and I am in.
Ready or not here we go!!!So Tilray has it all, fundamentals..yes i just got the literature, healthy read, from the merger with apha and its looking fantasmagoric.
The industry is heating up globaly. Canadian cannabis sector on full boom and consolidation cicle..oportunity everywhere
I would thread carefully as always, cause this is a volatile industry..treat as day trade always.
Be ready to cal lin the sale afterhours or pre market...if you are fe..eling overnighty..
goodluck
\Just a thought
TLRY Sharp CorrectionFollowing my previous post, we now have 1-2 or we have A-B. Next is a 3 or a C that should target $24. Breaking above $24 increases the probability that it is a 3rd wave, and would target $28, $32, $35 and $40. Rejection at $24 would mean more pain ahead.
Macro degree, we will either get a head and shoulders, leading the price down to the $10 range, or we get an ABC up to retest the highs, or (least likely) we get a new impulse to new highs.
Indices are really scary right now. FED has no clue how to fight inflation and Biden administration with Warren is anticipated to be bad for markets. I am going to stay defensive, and trade only what is right in front of me.
TLRY As ProposedWe got the anticipated lower low, we got the bounce, we got a channel break and a retest. Is it a fake out, or is this a sustainable break out? Indices show signs of bottoming as well.
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TRLY Bottom could be nearI think we could see one more lower low before a bounce, but a bounce should be imminent?
$TLRY Battles to Save its 50-day MA Trend StatusTLRY facing critical technical test in play today as stock battles to hold its trend-defining major 50-day MA, which it has held its last 5 consecutive tests.
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$TLRY Bounce looks impulsiveI am anticipating a retest of upper resistance, most likely pre-market. Waves 5 can extend, but it wouldn't be reasonable not to expect at least some sort of pull back before charging higher.
Breaking the .618 at $28.85 would be the first hint that we could see a try at $29.50.
TLRY VolatileLosing $26 would bring $23 in play. $29.50 again resistance. Wave leading into the setup looks choppy, lacks an impulse but could still be motive. A retrace to $23 could be a classic 1-2 setup.
Volume supports a motive setup, also Moving Averages supporting a possible uptrend.
Sundial Growers - SNDL - Growth Sector - 2X 3X 4X play?Sundial Growers - SNDL - Growth Sector - 2X 3X 4X play? Don't tell me you got in at $1. Same with Tilray(TLRY) and Alphria(APHA) in a 'Growing' sector. Fortunes will be made through patience! Not financial Advice.
Cannabis Review and open position chatHi,
A bit of a cannabis sector review and shooting the sh...on indicators and strategy.
Enjoy!
Weed Stocks SurgingComparing top marijuana stocks in the market right now.
Including catalysts and price targets
