Bullboard - Stock Discussion Forum 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... see more

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NDAQ:APHA - Post Discussion

Aphria Inc. > Lower Lows/ Lower Highs

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Post by Silentbull on Aug 06, 2020 1:58pm

Lower Lows/ Lower Highs

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.

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Comment by ilvmyt5s on Aug 06, 2020 2:21pm

APHA 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.

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