Sold $5.58 Yesterday for 3% loss. Re-Entering TomorrowRisky swing trade, but I think this reaction is just panic selling from the news yesterday. A lot of people are holding a bag right now, so when the news hit they freaked out. A lot of new traders attracted to weed stocks. It was also hovering around $3.00 before they made all those acquisitions
The volume was unspectacular relatively speaking. Funds have already unloaded a lot of stock at this point, which you can see on the two big volume days that happened just recently -- one day for 30 million, the other 20 million.
Like the risk reward. I may hold, but if I'm up nicely, I might sell too. Depends on a lot of factors whether I hold.
Buying the dip or the open depending on the price action. Will be scaling into my position nonetheless. If it closes strong, I'll fill. No buy half this time, filling the whole thing today
APH
Close to Retracing All Previous Gain, Lot's of News CatalystsWeed stock operating in the United States. Listed on the CSE, which is where it gets most of it trading volume. Reason I'm not entering now is because there were some heavy sell offs recently, and also because of the state of marijuana stocks in the United States. Most of the funding comes from Canadian investors though. It should get some laggard carryover once we start to close in on October from Canada legalization news pumping up the market again. Most marijuana stocks in Canada are in key support levels right now
APH - NeutralCanadian weed stocks are in a weird spot right now. Any wiff of news will send them either way. Legalization has been stalled (naturally) by the Government until they can figure out how to properly capitalize on it and shut out most if not all private vendors. Watching closely...
BTC compared to Aphria (APH)I believe I have found a connection between Bitcoin and the MJ industry. When comparing BTC to APH I have found stunningly similar trends but Bitcoin seems top make the first move by almost a month. I have placed alphabetical reference points to show the comparison.
Since BTC seems to be ahead of APH by a month, I went ahead and placed the next trend line/target(G) based off of the most recent moves from BTC. I believe that if it follows this trend, then APH is looking at positive trend upward and a slight pullback in the month ahead.
Buy APH now and hold to target price G?
Will this trend continue in the future??
WEED hourly trade plan 2 scenariosBull scenario - we break 27.50 and 27.83 for hourly higher highs - in which case I would be targeting previous support of 29.55 which lines up amazingly with that downtrend resistance line - likely to scale out partial profits sooner since that's an ambitious target percentage wise.
Bear scenario - 27 dollars breaks down and I start to watch for an oversold bounce in the low 26's or even 25's depending on the time and RSI levels when it gets there - if it is a deep flush and 5 and 15 get oversold quickly and take the hourly down, I will start scaling in a bit faster, if it's a slow grind down like we have been experiencing - I will stay much more patient. Initial target for the bounce would then be 27 previous support now strong resistance.
Falling wedge on APH hourly?Low volume and a nice tightening pattern on APH's hourly combined with an oversold RSI could provide for a nice bull break out of this falling wedge. Watching for a potential flush down out of the wedge then jump back up - or bull break over 9.97 and 10.16. Always watching sector leader WEED too.
Aphria Long position #logbook #cannabis #stocks #daytrade Small Day Trade long position in play for APH. Looks to be breaking out here. Chart shows buy position, stop loss and take profit 1 and 2.
APH - Long term bullish pennant, short term consolidationLong term bullish pennant, short term consolidation. 2nd senate vote (reading) for bill c-45 is expected in march, 3rd vote in june. Watch volume in $Mj , the US weed etf. No volume in sector ever since end of january. Watch weed as well, the lead company.
Bear Flag target from break of parabolic advance.Learning trading. First post. Please leave feedback.
OGI Short Target: When The Sector Pulls Back (OHH and It Will!)The MJ sector will have a sharp retrace sometime in the near future. WHEN it happens:
Target the weakest names
If anyone has any tickers that they would like to share as potential targets please leave a comment
Aphria Get Ready to Load the BoatI am very Bullish long term on the Canadian MJ sector. I like the odds of a nice buying opportunity in the next couple weeks or so.
APHQF Aphria CannabisThe retracement was so so small on this chart that it seems to be indicating it still has a long way to go. I would say target $10 dollar range by Feb 2018, Just my opinion.
TWMJF (CGC) possible breakoutLooks like a healthy continuation pattern. Watch for the break of the downtrend resistance line for a breakout, or break of support which will likely indicate the pattern has failed.
Mettrum Health Corp - Ascending Triangle Breakout?Looking for a break of $5.50 level, retest, and bounce.
Mettrum Health Corp - Ascending Traingle Breakout?What do you guys think? It's been in consolidation for so long now. Poised to break out?