Bullboard - Stock Discussion Forum Aphria Inc. APHA

Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints... see more

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NDAQ:APHA - Post Discussion

Aphria Inc. > Apha tranding sideways

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Post by stocktradinguru on Jul 23, 2020 12:08pm

Apha tranding sideways

Or in a range on the daily candlestick chart.

We have a "potential" bollinger band squeeze , a breakout higher, before earnings.

We also had a double top of $7.23 on July 17, at which time APHA has been trading in a range....

low - 6.80/6.81/ $6.82

high $7.10...7.12

I expect a Bullish breakout Today, or tomorrow, or Monday..

APHA could test $7.23 and go higher...before earnings on July 29.

With earnings expected to be minimally higher than last quarters $144 in revenue...

I expect a pullback or selloff Tuesday or late Monday

I will NOT be holding stock at close July 28th.

Way to risky...And keep in mind, even if earnings exceed estimates, you typically see a selloff. We witnessed this last quarter.

I urge everyone to learn basic candlestick charts, which will enable you to identify the trend, either bullish or bearish, and support and resistence...

In stock trading, or investing for the long haul, you never know for sure...That is why you must use the chart and technical analysis tools, like the moving average.

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