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,...
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
APHA has an hourly uptrend on watch to determine if we're going to see bounce continuation or healthy daily consolidation.
Key levels
S: 15.07
R: 16.17
There is still some seriously heavy resistance that we will have to face, considering it just barely cleared above the previous, with a long green wick although. I have moved the upward trend line to reflect the newly created likely support area, indicated by the green dashed line. If we can confirm a second retest above the current dashed red resistance line, the...
