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 of federal prohibition. It has some U.S. exposure through the acquisition of SweetWater, a craft brewer

NDAQ:APHA - Post by User

Aphria Inc.

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Post by MoneyManager313on May 24, 2018 10:59am

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Post# 28075126

F**K ME

https://www.tradingview.com/chart/APH/BmIKSohb-Bad-News-Folks-Sell-off-Likely-to-continue/

Although we came close to the Key resistance of 13.14, the trend is forming on a downward spiral.We past a key support point at 12.55 and are looking for support at 11.82. Based on the overvaluation and hype of Canopy Growth Corp . an adjustment lower to 11.62 is a more likely event. This will likely resort to a continued bearish trend for the short term. Any hyped news for Aphria -2.15% will likely have minimal effect as the MJ index is beginning to look more bearishalong with the S%P 500 r/t US interest rate hikes. I hate hate hate to say this but now would be a good time to pull out. Short, medium and long term projections will need to be reviewed. My apologies.

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