Aphria breaking out of downward channel, bouncing off support at $7.50. Buying volume looks good, and when there
are sell-offs it is on much lower volume. Breaking out of resistance and closing above $9.95 will be very good for the mid-term,
closing above $10 will break huge psychological barrier and probably lead to a nice run up long term. Aphria is a great...
Aphria is breaking out of a downward channel and has repeatedly bounced off support in the $7.50 range. If we can close above 9.90 on the
4 hour chart, although there may be another couple of down candles I suspect a cup and handle will form and we will see price enter solid up trend with stronger buying volume. Aphria is one of the few profitable marijuana...
I think Cronos has found solid support off the 200 day moving average on strong volume.
I am definitely long medicinal and recreational marijuana companies in both Canada and US,
but you have to stick to those with solid fundamentals and long term strategies. Cronos has
shown attention to detail in both arenas and is continuing to build its portfolio.
