Only way to play APHAIs Swing trade or day trade
Stock topped out at $5.28 yesterday
Closed at the low, which is a support I mentioned earlier this week
There is another support at $4.58
Expect Aphria to drop lower on Monday,
so we will likely see another lower high
and lower low...
Stock has dropped .56 cents since yesterday's high..
Very hard to justify a buy and hold strategy this year---given the Pandemic.
And, a strong case can be made that APHA's earnings will be lower at the end of July
-because of higher unemployment
- delay in opening any additional retail stores
keep in mind---APHA management withdrew its guidance for all of 2020...
I expect APHA to test $4 and under in the forcoming months.