We had a gap up this morning Gaps are usually filled over time, often the same day---but not today.
APHA opened at $7.78.
If earnings news does NOT meet expectations in the morning, APHA will drop below $7.78.
and that means we would have a bearish reversal on the daily time frame.
I expect a Gap down tomorrow---stock will likely drop to $6.60 (last Thursday's / Friday's low in the coming weeks----if APHA's earning tomorrow are no better than last quarter...
Anybody holding stock overnight could become a bagholder in the morning...
I all cash...looking for a lower entry point in the next few days or so----perhaps under $7.000
But, who really knows????
Suppose APHA announces they are negotiating a deal with ACB, APHA will spike up another 10 to 20%
But this is all speculation....
Based on past earnings across the pot sector, there is a sell off most of the time....Remember APHA's earning release----stock popped at $6.00 and then dropped to $5.60 or so...
What will happen tomorrow??? Toss the dice! Pull the leaver...Play some black jack!!!
Sometimes you win, but most of the time you lose when you're a "rambling, gambling man."
Learn the charts and technicals!!!