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.

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Post by Ghostinthedarkon Nov 07, 2020 8:05am

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Post# 31857090

So we saw the stock pop to almost $8

Due to FOMO and Irrational exuberance...

Essentially the stock topped out, and then we had a heavy sell off---which typically indicates a trend teversal.

Expect more consolidation next week,

Look for a lower high price and lower low share price for the daily time frame on Monday.

The 5 day moving average- $6.81
20 Day moving average -$6.51
50 day moving average - $6.27
100 day moving average -$6.26
200 Day moving average- $5.66

year to date $5.73.

So, each of these moving averages represents a major support.

The fundamentals are still the same.