RE:Bearish reversal on the hourly Guru, I hope you're wrong although you've often been right in past. A rollback should also mean more people with less to do, who thus purchase more cannabis products. Also, this large rise in apha is highly unusual and doesn't 'feel' like a one-off.
glta
stocktradinguru wrote: Candlestick chart---after topping out at $6.75
The 5 day moving average is
$5.91
The 20 day moving average is $5.91
The state of California announced a rollback this afternoon, closing the doors to reopening..
Afterwards stocks began to tank...
You should expect APHA to drop to the moving average or lower before earnings release at the end of month.
Bearish reversal on the hourly time frame.