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. > When should you buy back in ir

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Post by Ghostinthedark on Oct 20, 2020 9:15am

When should you buy back in ir

Add to your position?
When APHA begins trading in a range...

On a candlestick chart, APHA 's price action will begin moving sideways--not in a sustained uptrend or a sustained downtrend, like we are witnessing now ---a selloff, shorting of shares..

There will be a support or couple of supports---the low in the range. Before earnings, the low was $5.57 for 3 months.

There will also be a high in the range. Most times the stock price would top out at $6.27....or so..

As well, pot stocks typically move back to a 200 day moving average or year to date moving average, which is $5.69 at this time...

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