[TLRY] Double Top Weed Legalization Retirement Plan for NoobsGonna BTFD until weed is legalized in America and then retire.
GL ALL.
Better hope you were paying attention...
Apha
APHA: Bullish FlagHello Traders,
I have been eyeing APHA setup over the last few weeks to see that it is forming a bullish flag. The two targets are previous major resistances for APHA. Target 2 will be the 1:1 measure move from the initial impulse on APHA before the flag.
Let me know what you think.
$APHA this stock is going to get high ;)Cannabis sector is mega bullish. APHA along with many cannabis stocks have been consolidating after a nice run. APHA looks primed and ready to run if it can break the bull flag.
APHAJust an update for the 3 people that used to like my ideas... Remember when we were long at $4.45, trying to add shares at $3.78?
All targets reached, and it looks like the high isn't even in yet.
APHA - Possible Upcoming Play Looking like a couple more weeks of consolidation.. $20 TP for mid March.
$APHA Swing Trade Idea - Trade into Wave 5This Stock has a recent News Catalyst
The Daily Chart Looks Very Bullish with a nice 4 Days Pullback
Entry Price: $13.20
Stop Loss: $12.00
Target 1: $13.80
Target 2: $15.00
Target 3: $16.30
Hold Duration 2-10 days.
[TLRY/APHA] Get in Sub-21 Before PRICE Goes Up Like SMOKE! B)-~APHA was my #1 Cannabis play going into this year based on the fundamentals and it's held up very well, still my #1 long term pick today (along with tangential Cannabis play IIPR).
That was followed by CGC and ACB with TLRY coming in at #4. Now with my #1 and and #4 plays merging and largely rounding out their strengths and weaknesses, it is an even stronger #1 by a factor of 1, maybe 2 over each CGC and ACB.
Amazingly, TLRY is still dirt cheap sitting at 3% of it's $300 peak a year ago lol.
Price is even UNDER its IPO and BELOW its Value Channel here (magenta). Seems impossible it goes under $2 now so max temporary downside is very constrained.
TLRY now the Best Value Cannabis Stock out there supplanting long reigning champ OGI, which is my #5 play overall but quite underpriced ATM relative to the market.
I'm lookin to scale in most my position before $21 and watching it float up like smoke!
Aurora Cannabis - Mother of all Squeezes (100%+ upside)ACB about to go parabolic. Similar to Tilray, golden cross about to form between 20 and 200 day moving averages.
The last impulse rallied just shy of 250%, or $10 usd.. With the blue wave on our backs, we should easily see the same impulse of $10 which brings us to $22. There's a gap looking to be filled between $20-$24.
This stock is a Robinhooder's dream. Target price set to $24.
If the rally in the MJ sector continues, we could easily see $26, $31, or $46 in days.
HIGH TIGHT FLAG Pattern for APHA - Extremely BullishWe witnessed the impossible last week with the Democrats taking control of the Senate. Technical, fundamental and political environments are in perfect sync and there will be a cash grab by institutions very shortly for all MJ stocks.
HIGH TIGHT FLAG pattern has been detected for APHA. This is considered a rare and extremely bullish pattern (what happened to Zoom during Covid lockdown). It begins with the SP moving 100-120% in <8 weeks (1st pole), followed by no more than 25% pullback <5 weeks (flag/pennant), followed by quick retracement. Once the pole is broken, a 2nd pole is formed which moves 50-60% within the same timeframe as the 1st pole.
I noted APHA’s numbers on the chart. TP is $13 in 35 days. This pattern was also detected for CGC ($44 TP), VFF ($18 PT), TCNNF ($47 PT). If you own any of these stocks, DO NOT SELL. Institutions will be fighting over these stocks which will drive the SP through the roof.
Validation on my hypothesis needs to happen Monday/Tuesday, Jan 11/12! Volume and price movement must be massive otherwise pattern will fail. If Fed gov’t cooperates and MORE Act passes with ease, this pattern will continue to repeat.
Check out US Steel, currently forming its 2nd pole. TP $30 by end of this month.
APHRIA - Retesting Currently retesting.. My prediction is that we'll hover around this zone until earnings.. may even drop a little. Hopefully earnings is a beat, and if so, validation would be made and this will sky rocket. GLTALs
APHA - Needs Time to DigestPowerhouse deal, Sweetwater deal, I think APHA has dynamite potential. But this deal killed momentum for the stock, and replaced it with confusion. If the daily MA21 isn't regained with at least some confidence today, I believe we could be headed towards the daily MA50.
1) I am proposing minor wave 1 of intermediate wave 3, complete. I am looking for minor wave 2 to close the TLRY gap.
2) The TLRY gap is closed at APHA $6.59.
3) $6.59 is the .618 FIB of minor wave 1. Also known as the golden pocket.
We can only trade what is right in front of us. Falling wedge for the first A wave? Could see quite a bounce before continuing down. Or up.
APHA - Great Deal, Great News, Great Confusion.Should trade at 0.8381 $TLRY from now. Regardless, chart says minute wave 5 started here. Gap is closed, should be able to reach $9.85 or better.
Invalid below $7.70
APHA - Another AlternativeRunning flat... Break down was consistent with descending triangle target. Bulls need to hold today's low.
APHA - As Much As I Love This Asset...Daily MA8 is curving, forcing price down - hourly charts reveal a descending triangle.
APHA Still Looks StrongOne of the few Canadian cannabis stocks that still 'has the right look'. Still unclear to me what we are looking at, but a triangle makes sense here. Than Biden win pump was not something we needed, and it distorted the whole picture. Sideways consolidation seems to restore order, and the degree is not lost.
Breaking outside of triangle support is allowed, but making a lower low wouldn't fit. Lower support $7.79 and $7.60. Dropping below $7.50 would be a clear sign of reversal.
APHA Unclear HerePanic in the markets yesterday. Indices looking for a healthy pull back, and it would bring many assets to interesting buying levels, APHA included.
CGC announced cutting production, staff, facilities yesterday, taking a $400M write down. Another confirmation that CGC is not doing as well as its market cap suggests.
APHA dip got bought and regained 4 hourly MA20, but that was probably just shorts covering? Anticipating a retest of the lows. Bulls need to hold $7.60 range. Below $7.50, the current count will be invalidated. FIB targets on chart.
APHA Golden CrossesGaining momentum for a break to the upside. I see the same with other strong names in the sector.
FIB levels respected for typical wave 2 retracement, daily close above resistance - there is a high probability that we are looking at a 1-2-1-2 setup, ready for a 3-4-5 - 3-4-5.
Will APHA close the 2019 gap to $9.86 before Christmas?
APHA Shape Looks Like a FlatIt has that 'flat correction' shape. Looking for direction here, with the price being squeezed between moving averages. If the hourly uptrend is lost, potential FIB targets for a healthy pull back are on the chart.
Giant bullish flag or Descending Triangle for APHA.APHA is trading back into a Macro Bullish Flag or Descending Triangle drawn in dark blue, we have seen a fake-out to the downside where I have the blue human body icon, this is potentially forming an inverted H&S, and at the same time APHA is trading back into the Macro pattern, which started becoming bearish Jan 2018 during the hype before Canadian Rec.
The KST wants to crossover bullishly, but is being rejected for the time being, you need to zoom in close to get a better view.
Potential merit for a Ascending Triangle on the RSI.
APHA - Momentum SustainedMORE Act passed the House, but while peers sold off on the news, losing their hourly uptrends, $APHA held above support.
$8.40 is the level to hold.
I believe that key support is $7.50 and that this is the sub wave that'll lead $APHA to test $10.
