APHA - Gearing up for another pumpWave 3 complete. Looks like an orthodox top to me.
Pre-market already hit $6.80 last week. This is also a target for the final wave of minor wave 1. I've managed to accumulate two additional batches in anticipation of continuation. I will add more if it dips more. In fact, I consider each dip in APHA a gift of Mr. Market at this moment.
Invalidation below the invalidation line.
Apha
APHA Alternative 2Following the previous chart, there is the chance that we lose $5.18 before making a higher high. In that case, I would be looking for this scenario. Therefore, invalidation below $4.30.
**EARNINGS TOMORROW** GRWG!I love this stock so much and I took the trade at 11. Looking at them now they are primed to beat earnings with expansions happening nationwide following states legalization . Because they are a regular company, then are not effected by the lack of legalization because they've grown into what is given and can only benefit from legalization. They did well on earnings and the news feed is chock full of good shit. This is a BUY.
CGC Sell the News?I am selling my position today at opening. With Biden president elect, I think it is time to sell the news. Not in the least because it seems to open right at resistance, and the primary degree count shows we still need a 5 wave move down to complete primary wave 2, also known as the bubble correction.
I see the same for other assets I am holding (APHA, CRON).
APHA is looking more bullish than the others, btw. But never mind that now. Gaps to close! All sector.
APHA - Scaling in.Looks good to me. Strong performance. Scaling in on the pull back from the current level, expecting a gap close at $4.50. Will continue to add if it drops deeper.
Will look for an exit if it makes a lower low, below $4.16.
APHA - Anticipated Move RealisedAnticipated move realised. But unfortunately, another bull gap to close. So what is next? I would prefer to see $4.50 closed first, as it could lead to a more sustained rally. But given volatility of this asset, maybe continuation first? Blue or red, we'll see...
APHA - Can't see it? Draw it.Doesn't look like it'll break much higher for now... Alternative to the other idea I just posted. Really? I think the impulse wave down is just part of a 5 wave move, down to the $3.50 range.
APHA - Maybe?Counting micro chop. Correction potentially compete here. Looking for a bull break to confirm.
Invalidated below $4.17.
Breaking higher would lead us into minor wave 3 of intermediate wave 3. Don't miss this move!
APHA - What Is Next?Is this intermediate wave 3 or are we still in wave 2? Sharp correction complete (possible) vs more complex WXY (also possible but less in line with industry sentiments?)
Looking for a gap close in either scenario?
APHA Count ConfirmedAs said, the pre earnings impulse was impossible to count. Now that that we have our correction, we know the top is in, and we can fill in the blancs.
The bull thesis is valid as long as APHA doesn't fall below $4.16.
There is a gap to close at $4.42.
This sell off was nonsensical, in my opinion, even though it was expected after such an insane pump. Still, make no mistake, APHA presented solid earnings. Once we have a bottom, we'll see APHA start minor wave 3 of intermediate wave 3. That will be the one nobody should miss.
APHA - Continuation Into EarningsStrong price action into earnings. Expecting continuation into earnings to complete wave 5.
From there two possibilities:
1) earnings as expected or disappoint will sell off and close the gaps
2) earnings beat beyond expectation and wave 5 will become wave 1 of a parabolic move. I'm dreaming of this one. We should be so lucky.
Bulls on the ball on Monday.
APHA Direction ClearVery strong price action. APHA pumping into earnings while broader industry is rallying on Harris comments during debate.
Hard to read these kind of explosive moves, but possibly wave 3 in here, looking to retrace for a wave 4, then close the gap up during next week? Maybe pump even higher. You never know with all this fomo.
I made a killer today. I hope you did too. I went in large when it hit $5.29 and was delighted to see it rapidly break higher.
I cashed out most of my position at $5.73, though still long with a decent batch to play earnings.
Levels on watch. Technically, it is overbought on each and every time frame. Maybe a volatile gap close at $5.14, then green again on Monday? Who knows.
APHA UpdateTested and identified $4.86 as support level. Could see a bounce from here and a retest of $5.23. Needs a higher high to confirm the bullish count. Either close the gap up, then down, or close the gap down first, into earnings...
APHA DirectionI'm expecting a gap up today, followed by a sell off. We'll soon know where we are, but from here, it could go either way. We may see a wave 4-5 to confirm an impulse wave (bullish), or we could see a completed ABC for a WXY sideways, leading us into a 5 wave move down to complete a larger correction.
Bulls should defend $4.70.
APHA Falling WedgeI should have picked up on this earlier, but never mind. Falling wedge, a bullish pattern. Looking for a final pull back before a break out attempt.
Breaking the upper black line means APHA will finally be done with its bubble correction, starts Intermediate wave 3 and will be in search of new highs.
Lets do this!
APHA Range BrokeClosed the gap, but support didn't hold. ACB created fear among retail investors, and this deeper retrace could be a buying opportunity. APHA has consistently shown us strong performance.
Confluence in the lower yellow zone.
Trading plan: start accumulating at $4.22 and add if she reaches downside targets $4, $3.80 and $3.50 into earnings.
Anticipating bear gaps to close, and potentially try at the recent higher high. A bounce would likely kick off Minor wave 1 of Intermediate wave 3. We need to assess further potential when we have October's earnings report.
APHA Triple Three?Looks like we'll get one last zig zag to close the gap, then up. Pre earnings buying should start soon as well.
APHA will soon be freeThis trend line is the last relic that remains of the bubble. It has been broken once, and the current correction is starting to push against it. I still think that we'll see a quick dip to complete this current correction, but in the end, the market does what the market does.
$4.40 has been a tremendously strong support. Indices are prepping for a tough two weeks, so we'll see what will happen. I'm still either buying a dip, or a break above $4.90.
Possible Head & Shoulders for APHA?A H&S pattern is clearly noticeable on the RSI & KST.
On the KST the right shoulder is lower than the left, but on the price the right shoulder is higher than the left, not sure if that's considered a bearish divergence but if there's further downside action it would seem accurate.
On the KST each shoulder & the head display a bearish cross where I have placed the red finger, this happens when the red line crosses over the green in a downward angle.
MJ- Cannabis stocks in the accumulation zoneACB, APHA, CGC, CRON, GTBIF, TLRY are in my Cannabis watchlist. I am bullish on APHA and GTBIF.
MJ is a more conservative approach to capture the gain with limited downside risk.
Ladder buy within the demand zone. Set the stop loss 10% to 15% below the demand zone for the swing to intermediate setup.
