Ticker APHA on the Nasdaq. Why not APHA on the TSX?
Nasdaq Volume Higher = Price action more meaningful
Share Price is in $ USD
Comments before diving in If you ask me to guess why other Canadian MJ is rising on average 5%
(CRON, ACB, CGC, HEXO, OGI)
The best answer I could give is it's because APHA is the only ticker in recovery mode after negative reaction to earnings. ACB and CGC earnings are still far, first or 2nd week of November
Even US MJ tickers TCNNF, GTBIF, CURLF, CLRBF are not having a day as good as Canadian Tickers except APHA unfortunately.
Price Action Analysis
If we want to be convinced that APHA already set it's earnings bottom negative reaction we want to see an hourly trend change
To achieve that, APHA has to do the following tomorrow :
Hold today Low of the Day as support 4.54 and break today High of the day 4.85
1 Candle = 1 Hour of Price Action
https://www.tradingview.com/x/SPcMNmSX/
In the next chart below, you will find in Red the next key support and next key resistances.
Resitance = Green Line
Support = Red line
1 Candle = Price Action of 1 Day
https://www.tradingview.com/x/iXOPTlam/
Someone Bullish will be happy if the stock continues tomorrow and by the end of the week breaks 5.38 before starting consolidation.
Someone Bearish will hope that tomorrow APHA doesn't break 4.85 and that by the end of the week the stock trades at least between 4.17 and 4.28 support.
Disclaimer
I am not a APHA shareholder and want nothing to do with Election volatility.
This post is for educational purposes, buy or sell APHA because you did your own Due Diligence.
If you missed my post and like the educational purposes of my post, I invite you to check my APHA Q1 2021 review post.
https://stockhouse.com/companies/bullboard?symbol=t.apha&postid=31733078
Thank you and good luck