For those of you who is sitting on a good chunk of profit on WEED, don’t sit back and watch it dwindle away. Put some $$$$ in the silent breakouts. Bombardier and Aphria (BBD.B and APH).
Ok, go ahead and curse me and you can thank me later.
-Good Luck with your investments. -GT
Daredevil1964 wrote:Since the beginning of May, Aphria has touched 13 dollars Canadian 3 times. It is a formidable resistance level in the area of 13 dollars. However, what is the good news here is that the trading range continues to narrow. This is due to a few things, such as a limited trading volume due to the summer period, which is normal. But, more importantly it indicates that there is a struggle between the bulls and the bears. The bulls are slowly winning, the 50 day SMA shows an uptrend. Imagine a pennant flag sitting in the cup at the green, now imagine the very tip of that pennant or pointed end of the flag. That is where Aphria is trading at, very near the end of the pennant. That is a very strong bullish indication that the stock will increase in share price. It is a common sign in stock trading that long term investors and short term traders look for. Lastly, but most important, is the fact that both the short term traders and the long term investors are in share price agreement. Once a catylist such as a good annual report, or a possible merger/investment from an interested party possibly Molson ( rumoured not evidenced yet ) the true value of Aphria will exposed and a signifigant upside swing will occur. The issue thou is that for July Aphria will be a bit quite, but, I believe August should be a different story. Best to everyone.
Good post. About a year ago I sold a portion of my aphria holdings and put it into canopy. That proved to be a profitable move. Yesterday I did the opposite. I sold some canopy to put into aphria. I did so for one reason. I think near term we will see more news from Aphria than other competitors. Hopefully this will yield some additional free shares. Good luck to all, let's hope some big news starts rolling out soon