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.

Bullboard Posts

Comment by quietobserveron Sep 24, 2019 7:13pm

161 Views

Post# 30161041

RE:Maybe an oversold bounce tomorrow and ETF re balancing

Sorry guys I just saw this. I wish I had a crystal ball. MM's can turn the sector around any time they want but there is going to have to be a catalyst to make it happen. We aren't oversold yet on the one month one day frequency chart but close with an RSI of 33.8, 30 being oversold but it can go to 20 before you get a reversal. 30 minute chart was oversold all day today. The chart is downright ugly. Next support looks like 6.91. Waiting to here what Dan the man has to say, As long as they are taking CGC down the sector is going with it unfortunately.