Canopy Getting HammeredCanopy Growth (WEED) is getting absolutely hammered. We're down over 7% this month after crashing over 20% in July. Imo, the stock is going to blow up when the US finally decriminalizes Cannabis. The opportunities for hemp are endless and of course the recreational market for drinks, bud, and all the rest is booming in legal markets. If I see a sub 20's print, I'll start accumulating. We have a solid floor around 12.90...
Apha
WEED STOCK THOUGHTS! HEXO, ACB, APHAHey everyone! Here with a video on some Cannabis Stocks I've been checking out. (THIS VIDEO, HEXO, APHA, ACB)
Day time frame: Most of the cannabis stocks are looking very similar.
-completed Market Cycle
-Down 80-100%
-lower MA's have crossed north, or are close to crossing 200MA in Bullish form
IMO these are looking like great places to invest if you wish to do so. I am no financial advisor, just a trader sharing my thoughts and ideas!
PLEASE LIKE COMMENT AND FOLLOW!
AND REMEMBER, DON'T CHASE IT, RETRACE IT!
APHA & TLRYNASDAQ:APHA NASDAQ:TLRY
Hi Guys, this is my TA on TLRY and APHA. I had help from my friend, He also helped me with the Price Targets. He's really a GOAT.
Plus, these two companies planning to merge.
APHA Your MoveAphria has had a great run into 2021, but it seems to have switched momentum in the opposite direction since February. I'm sure the bad earnings didn't help it's case either. Worst case scenario, it falls to the next level of support around where the 200 EMA is currently. Best case scenario, it bounces off current support and makes a run back into its upward channel. I believe it has found a bottom at this support and the 100 day EMA and will bounce to fill the gap created today before it trades sideways. Only Time Will Tell.
Aphria Tanking on Weak Earnings, Revenue MissIf the 100DMA breaks, it's all over. We're at critical support, and it has to hold, else the 200DMA comes into play at 9.10. If we see a notable bounce off broader earnings strength this week (positive ETF flows), we could be in for a profitable bounce of 10-15%...
APHA - Be carefulWe're likely going to see more pain.. A lot of bag holders waiting for a pop to get out.. Market is always one step ahead
Bull Pennant on APHAConsolidation pattern looks to be preparing for a breakout to the $31 range, which would put it near its ATH of $32 that it hit 2 months ago. Will be interesting to see if this breakout occurs, does it become a double top at $32 or does it slice on through and continue up.
APHA Day-Trade / Swing-Trade IdeaAPHA is a potential day/swing trade idea.
Technical Analysis:
A (bullish) inverse head & shoulders pattern is nearing confirmation.
Crossing above the previous high (Pivot) of 17.58 is a key indicator for this.
Bollinger bands on the 20-day SMA indicate that APHA is currently oversold and trending upwards towards the central mean (Red Line).
Potential price movement shown (up to 19.09) is based on the delta from the the neckline to the head of the H&S pattern. However if momentum develops from FOMO or other news, that causes the price to cross above the central Bollinger mean (Red Line), the next pivot could be 20.97.
Other catalysts that are moving investors towards APHA are:
1.) the upcoming finalization of the merger between TLRY (Tilray) and APHA (Aphria).
2.) investors positioning themselves for TLRY's (Tilray's) upcoming earnings report.
3.) Newyork State Governor (Andrew Cuomo) news of upcoming legalization of Cannabis.
4.) The prospects of future mergers and acquisitions (M&A) or other market expansion within the United States as the House and Senate move towards legalizing Cannabis at the federal (National) level this year.
Just my opinion, not advice.
[APHA/TLRY] Keep an Eye for the Breakout and MergerNormalized to top and bottom of time period.
APHA continues to be the most valuable cannabis company out there.
Was .85 going into new year and now approaching the .83 merger ratio agreement.
Let's keep an eye for any other opportunities to trade TLRY for APHA before they merge for good.
inverted Head and Shoulder Pattern #APHA 1H TF iH&S TEST 002 NASDAQ:APHA [/symbol ]
continuation of my C&H pattern test previously posted. saw a formation of iH&S pattern in 1H TF. Possible pullback up to @19.75 (plus spreads). I will be monitoring this later and update if it rejected the pattern.
APHA FlirtingHad a flirt with R2, currently resting on the 2018 high. Could see a retest of S1.
Volume supports a motive setup, also Moving Averages supporting a possible uptrend.
CUP AND HANDLE TEST CUP AND HANDLE ON WATCH. PLANNING TO OPEN A BUY POSITION @ 19.14, AND WAIT TO REACH THE GAP, ADD AT RETEST AND TRIM WHEN IT REACH THE ATH.
APHA Broke OutWe got the anticipated move higher. She met supply here. If she manages to break supply, there could be a little more upside to the current sub wave. If projected levels hold, she should pinball her way through to upper resistance.
Wave does look choppy, but lets stick with impulse for now.
APHA Breaking out of TriangleAPHA breaking out of triangle. Closed over Resistance 19.65. MACD Bullish. SMA 9 Curling up. Good News coming out about New York Legalizing Weed.
Price Target for next week- 22.63
If it can get over that, then we have some good upside.
Long | APHANASDAQ:APHA
Possible Scenario: LONG
Evidence: Price Action
TP1 ~22, TP2 ~25, TP3 ~29
This is my idea and could be wrong 100%,
*My fav stock, It's gonna fly soon, imminent :), enjoy the ride then pot