RE:N00b Chart analysisAlso Chart Man Dan mentioned yesterday that APHA was the lead technical bull
It is the only CDN MJ name that is still in a weekly uptrend
Today proves more to that (the same as yesterday)
APHA - GREEN
CGC, ACB, CRON, VFF, OGI, HEXO, etc - RED
N00bInvesT0R wrote: You know the drill, ticker on Nasdaq due to volume
- Nice follow up from yesterday daily hammer candle
- Bulls defended well this morning daily hanging hammer close
- Apha closed above 200 EMA
- Daily Inside Bar Bull Break
- Hourly Uptrend intact
From my experience, when you test something more than twice you end up breaking it, so I would highly doubt a triple top at 4.69$ USD
The goal for the bulls this week is to :
Set a Daily Higher High compared to 4.97$ USD requires minimum 6.15% push or set a Daily Lower High compared to 4.97$ USD. The latter is more likely unless I see spike in volume.
On the longer term
See a Daily Trend change so we can confirm that 4.38$ USD is our weekly higher low compared to 3.96$ USD. When you look at the weekly time frame we have a potential weekly Bull flag
My point of view may be buyest because I'm bullish but you can't ignore that on the daily time frame it looks like a daily bear flag setup potential. That's why bulls need to step up and have first bounce attempt after all the "hangover trading" from earnings to put away the daily bear flag possibility.
Do we have a good chart growing?