Here are the price points I calculated based on the descending channel we are currently in.
The overall view takes into consideration the starting point of $1.26 with the high of 18.65. I then moved the chart to March to see where the average price was(gray dotted line down the middle. Triangles fit within the descending channel and helped me calculate the 5th...
This is call the 3/8 profit Trap, as long the 3 EMA pulls back from 8EMA we get a nice up trend, and with a nice volumen 21 millions on this week of 2/11/2019 we are going to see a resistance of 9
29 December Aphria chart being updated for the final time. A Bull run is on the horizon.
Made sure all angles in the downward wedge were the same. The result updated the timeline.
I hope this new will break us out of the descending wedge the stock is trapped in.
Cleaned the chart up from the original chart I posted a couple hours ago, came back from a break and noticed I built the 1D chart...never zooming into the 2 hour view. Real ugly.
Anyways it's pretty self explanatory!
APHA long started on Dec 5-6. Always had the worst PR, but they've built something good. Edibles laws should open the way for food and bev partnerships into 2019 if rebuttal is solid.
Aphria acquired a bad asset and is reported to be a shell company now. Down to pre-2017 prices and shown here compared to Canapy Growth, Tilray, Cronos (Aphria trying to acquire) and Aurora.
Watching for high $2 entry. Like watching GE go below $7. Bottom feeding.
potential new trend
swing low
peak volume stops move
tightening range
breakout
play- gap open to retrace- bounce off confluence zone $9, 0.618, S/R buy the pullback
These are the FUTURE dates for APHA with the highest probability for experiencing a price
swing high or low. Apply your own indicator(s) to determine the price swing direction.
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NYSE:APHA
