Don’t become a bagholder? TLRY is running the show in the pot sector, causing FOMO.
The RSI for APHA is way overbought on the daily time frame---91, which tells informed traders to exit.
As well, APH topped out at almost $40.93
and then fell like a plane shot out of the sky, hitting the ground at $28.62.
The candlestick chart on the daily indicates a long red candlestick, which means people are sellling.
There is no reason why APHA will not drop to yesterday's low or lower.
If the share price for APH does NOT break yesterday's high, there is a strong possibility of a "top out" and bearish reversal,
As well, all pot stocks have runnup way to fast----to insane prices.
The institutions are taking advantage and running up the stocks as retailers are gripped by FOMO and a lack of knowledge of charts and technical indicators.
Like so many others, I have made a lot of money the past few days.
Greed and stupidity always kill stock traders. Stocks move in waves---trend up, pullback, trend up....top out, swing low.....
Anyone who posts don't sell is "ignorant". It's a stupid comment---as the person is a newbie who knows nothing about stock trading.
Today, I intend to sell all my positions---OGI, VFF, APHA, -taking my profits....
Then I am going to wait.
I expect a bearish reversal today or tomorrow, and once TLRY tops, stocks in the sector could drop 50%.
Be cautious. Don't be greedy. Stocks never go up and up and up...
Don't become a bagholder.
I will be all cash by end of day-----and then I wait....
Just my opinion.