RE:Lower Lows/ Lower HighsAPHA will get dragged down by it's speculative peer stocks. Good consolidation/tree shaking. No announcements means negotiations are ongoing. Good thing APHA has their outdoor locked up. Huge harvest this October. November the U.S. stuff starts. Silentbull wrote: Next week should bring Aphria closer to its 120 day moving average.
As predicted, the lower lows continue, every day its closing 20-30 cents below the previous close.
The catalysts next week are many: canopy growth, Tilray, Canopy Rivers and a few more. Cronos bled the sector today and its peer will continue the trail with write downs and mind boggling adjustments.
Apha is currently untouchable unless strategy is to add a few and keep on averaging down till the reverse starts. This is going to take time. IMO around mid $5 is the time to touch this co not before that, unless you want to wait for another 2 months to break even.