RE:On a day like today we managed to gain and hold 5 USD.Daredevil1964 wrote: That IMO is very important. The street maybe now paying attention to Aphria for holding that 5 USD level. Institutions will take notice. One analyst changed his rating to a buy from neutral, so I believe we are at 6 buy and 1 hold in terms of analyst's ratings. Remember the RSI is not only for indication of over bought and over sold conditions, it is also an indicator that shows the bullish strength or bearish strength of the stock. I can't vouch for a short squeeze yet, but, I can vouch that 1 news release could make the share price just take off. GLTA and this is just IMO.
The Stifel conference and Nasdaq listing also helped alot! Aphria really has attractive quality for institutions. Good Market Cap/Revenues Ratio Ebidta Positive 4 quarters in a row You showed earlier that Aphria is #2 on revenue with the lowest ratio on the OCS Gaining recreational share of the market quarter after quarter Eu GMP facilities and solid presence in Europe, especially in Germany CC Pharma Aphria one has a higher production cost than Aphria Diamond but Aphria One is Eu GMP and the higher margins in Germany will compensate when they eventually announce the first shipment from Aphria One to Germany! Today close could be a good bear trap since it cooled off RSI level. tomorrow we find out if we topped out at 7.04 to form a higher high compared to 6.23 canadian. Nice Volume overall and Lead bull for the price action. I wouldn't mind a Pump news like Piper Sandler did with Cronos yesterday. Pre pandemic share price in late january 2020 was 7.85 canadian for Aphria.