Aphria Inc. APHA

Downtrend on the monthly and weekly time frames

[Ghostinthedark]

Last 8 weeks, APHA has plummetted, 
$40

ane to $16.5.. last week

You never buy stocks in a downtrend, or you will likely end up a bagholder.

Based on my experience buying and selling APH, looking at the candlestick charts, fundamentals, and technicals,
APHA's share price will continue to fall.

So I don't recommend buying at this time.
Wait until the stock trades sideways for several days.

Where is the bottom?

Reading a chart, understanding technical analysis, and the importance of fundamentals on determing the share price play a significant role.

APHA is a falling knife---as indicated by the 60% plus drop in share price during the past 8 weeks.

Rather mind-boggling.

Tune out all the noise of the self-proclaimed pundits. If they don't understand how to read a chart, don't understand a few technical indicators, don't understand a few financials, they don't know anything about stock analysis and making a purchase, and nor do they know anything about stock trading.

Essentially, these self-proclaimed pundits are irrational thinkers who guess and engage in wishful thinking when buying stocks.

And most of them are bagholders, so be careful believing anything they post.

Expect another lower low and lower high share price by the end of week..

Last week, the high was $20.38

and low $16.5... or whatever.

Major support at $15.38.

I highly recommend you learn the essentials of candlestick charts, the essentials of fundamental analysis like P/E, EPS, and a few technical indicators, especially the Moving Average.

Easy to learn.
You can to yourself in a week.
Everything is on Youtube for free.
Or you can buy a few textbooks which will teach you the same.

Become knowledgeable! Become empowered. Tune out the noise of the wishful thinkers,,

Major support ---$15.39...,,

[Vinny57]

Hold on there Casper.   $40 you are saying? ..............  Really?.......... $40? Let's get some facts straight. On one day, Feb.10th, Aphria hit $40 (I managed to sell 3,000 shares at $39 that day. Yes I got lucky.)  But that day was an anomoly.  Don't make it sound like $40 was the normal price of the shares. IN FACT  the day before AND the day after Feb

[CommonCentsforDollars]

Vinny my brother. Why waste your time on someone flipping shares for a pee-wee sized peanut $100 trade. I wouldn't even get out of bed for that type of pennies. Not worth your time and energy my brother. eom momo

[Ronbromleygross]

I agree with you Commoncents  Here I was thinking the ghost was using those charts to trade big blocks of shares.  If his trading strategies are so good and accurate and full proof based on his repeated lectures then why doesn't he put his money where his mouth is and bet the farm on it.  It is so easy to be a Monday morning quarterback after the fact and then pick the

[hevin]

Well said gentlemen. IMHO, also, 1) in such a rapidly growing, new sector, charts and graphs are relatively meaningless, as there is little history and a fabulous future. Depending on such data is akin to driving on a racetrack while looking in the rear-view mirror---just after leaving the starting line. That does not bode well for the driver! Best to look forward. 2) This sector including aphria

[av8tor42]

26,000 a year is no peanut...don't scoff at people that have a different way then ur's

[CommonCentsforDollars]

There is nothing wrong with day trading. I just put more conviction ($$$"s) behind my trades. It is also highly doubtful that someone that is squawking falling knife, only bag holders buy down trend, support down at $14 and all that throughout the weekend, bought so much as 1 share. But hey, they said it after the fact and they obviously had no conviction behind their weekend comments, so it

[CaneIsAbel]

You are absolutely right. Without getting into to much detail, I challenged Ghost about today. He didn't answer but he will as the day plays out. He doesn't know anything and his charts mean nothing 

[CommonCentsforDollars]

We disagree on charts. Charts are important but you have to be able to read them. Right now you have to look at the TLRY chart in inclusion to the APHA chart. Makes it more complex because you have to consider both charts support and resistance levels..  TLRY re-took it's $17.18 support yesterday. Let's see if it can hold that thoughout the week. Like I have said before. A

[CommonCentsforDollars]

TLRY keeps flirting with that $17.18 resistance / support level.  eom momo