CRON Golden Cross SetupGreat uptrend with the golden cross setup. It is important to note that the sector is getting more attention.
Weestocks
APHA dumps more while investors wait for company responseIt's now been three full trading day and Aphria still has yet to challenge head-on the allegations of a short seller who put together a compelling storyline. The only response so far has been to dismiss the claims, and this lack of response has seen the stock lose half its price in three days.
In this video I discuss where I see the short term action heading, some comments on my last video, and why I would not recommend friends or family investing in Aphria
ACB searching for support above the low of OctoberACB is positioned weak with a potential daily bear flag.
Key short term levels:
S: 7.92
R: 8.93
CGC up against key daily support zoneCGC is up against a significant area of support including three price levels and the 200 day MA. Watching tomorrow for how this plays out.
Key resistance for bounce continuation & bear flag negation is 32.99
Key support is 31.85
APHA watching the hourly uptrend APHA has an hourly uptrend on watch to determine if we're going to see bounce continuation or healthy daily consolidation.
Key levels
S: 15.07
R: 16.17
Heavy resistance. New support.There is still some seriously heavy resistance that we will have to face, considering it just barely cleared above the previous, with a long green wick although. I have moved the upward trend line to reflect the newly created likely support area, indicated by the green dashed line. If we can confirm a second retest above the current dashed red resistance line, the blue support can then be moved up along with it, and new resistance will be placed at ~28.75 and 29.70. I still do believe that unless the volume comes in, it will be a struggle to break past the point where the 8 and 13 lines cross the current resistance level at 28.0. If it does go up and bounce around in that resistance channel again, it could be forming the beginning of a left shoulder of head and shoulders pattern that can hopefully break us out of the .5 Fib. retrace.
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