APHA continues to tankon the monthly and weekly time frames. We are seeing another lower high
$16.97
and lower low
$15.89
today.
As I have been saying for several days, there is a major support at $15.3.....
Personally, I think it's mind-boggling, traders running up the stock to $40, and it now has traded at $15.89 today.
APHA will most likely fall below $15 prior to next earnings at the end of July.
The company says they'll be reader for selling in the US market after the merger....
This is just pumping the stock.
All pot stocks are now being judged by their fundamentals---such as EPS and PE ratio.
None of the pot companies are close to making a profit.
Now we have COVID...
OGI, VFF, APHA...-----all had lower revenues from prior quarter.
Why will anything change this quarter??? Not likely. COVID has locked everyone in their homes here in Ontario.
Pot sales could be worse next quarter...