Aphria Inc. APHA

Don’t become a bagholder?

[Ghostinthedark]

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.

[Shazam57]

You make excellent points. I will debate however on it topping out tomorrow. Tlry financials come out at the beginning of next month so the trend could very well go for another week or more and then flat line till the fins come out. If the fins are great then up she goes and if not then the drop.  I won't sell all of my shares. I won't even sell 50% of them till the fins come out.

[Ghostinthedark]

Your like the guy at the casino, pulling the leaver on the slot machine. You state an opinion about the future----but have no facts. Greed and stupidity kill stock traders/investors. Learn the charts and technical indicators. You are a typical example of a retailer who is making decisions "based on emotion." That is called FOMO... Hoping, wishing, dreaming-----not any sort of

[bellemoj]

I will echo this comment. Rule number one to investing is don't let emotions and FOMO get in the way of your investing strategy. Unfortunately even though this company and stock have a bright future (with the merger and legalizations on the horizon) this run can't go on forever. Be smart and take some profits now because after the redditors hop off the ship, it will likely come crashing

[wideopenthrottl]

This post has been removed in accordance with Community Policy

[Alxander]

You make some very good points here. I was also thinking this, but you will own less shares at the time of Tilray conversion. What are your thoughts on that? This could actually keep going up with some news of Legalization. So many factors at play right now.

[Shazam57]

Make no mistake I do take profits. Have made about 80% since the middle of January and added to my base shares. As for RSI i use it daily. Big spikes in the morning then a slight retraction.If you look at multiple pot companies they almost always run up prior to financials coming out. I will agree that this scenario is different as there are so many other factors. Either way, I'm happy with

[Bigbaboon]

Thx, I appreciate the analysis. You give objective guidelines othe than the desire to become a millionnaire or the fear of ending up of in tears and feeling like an idiot.

[blackredblack]

Pretrades already down 10-20 percent Excellent advice Ghost

[Viper54]

Very sage advice. I would welcome your insight into today's trading session for APHA. Thank you.

[Ghostinthedark]

Essentially APHA is a falling knife.So, where is the bottom between now and earnings in Mid April, You can get a very good idea by looking at a candlestick chart. Take the weekly time frame, and identify support and resistance---a horizontal line for support---the low for the day And draw the same for the highs of the day Looking at the chart, I see a major support at $16.03. In

[Paray99]

All our posts tell me you are shorting this stock.... Aphira is in fact going to be the one rocking after the Tilray merger... my target price for this one is around $80 in 3 months. Dont worry about this recent fall.... this is a created one tricking its positive price action with Reddit Zhit! Actually it has nothing to do with Reddit frenzy! It is the retail investors making this company more