RE:RE:Based on the daily chart we are at least 4 to 5 trading mrwestcoast wrote:
Averaged down Aphria today (-11.97%) at the moment, now (-7%). Canadian lps have upside to leading US companies. Added to HMMJ position in anticipation, Aphria 3rd largest holding, unreal yield at 14+% consistent dividends.
Without going into details, I prefer to make sure that the lowest bears are willing to drop us is already set (5.84 CAD) The way we ended the week Bearish engulfing daily candle with higher volume than yesterday not convincing! I wanna see an initial bounce from the bulls on Monday 5% then another 5% Tuesday. Then start consolidation Wednesday and hit the low of consolidation on Thursday, to set a daily higher low compared to 5.84 CAD. With that being said, bears only have to push 2.35% lower to signal that they are not done yet. I hope my bullish scenario starts next Monday. 9 daily red candles after earnings to then have 1 daily green candle followed up by a daily red candle the same size is putting the burden of proof on bulls. I guess I ended up giving details lol.