Long
Well, Aphria is Oversold
Great buying opportunity, median price on bullish wedge is set at 12.38 $ per share. What does this mean? The price will be green this week! Bullish consolidation evident on charts. We expect the price to continue in its bullish formation for the long term. As evidence, highly probable that AO will break out into a long term bullish trend, starting within the next two - three weeks. As evident 34 - 52 indicators showing similar pattern, Meaning its more probable. Currently, we are on the lower end of a bullish wedge with a median price of 12.38$. consolidation will occur to a median price of min. 12.38$ ps +. If, the price were to rise further than the bullish wedge, expect a gap up and continuation of a long term bull run, you can be assured, the SP wold rise to as much as 15.28 ps. However, not too many scenarios likely to occur for this to happen within the next 2 -3 weeks. However, if Aphria was to announce a major expansion in Europe, this would be one of those catalysts.
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