APHA DirectionFollowing yesterday's assessment, there is also potential for a Bearish Crab. If this pattern plays out, we will meet the white dotted line for the first time since 2018.
It is possible that the Cypher plays out first. I am thinking $3.89 support and a following break out are key to figuring out where she is headed...
Levels on watch!
Apha
Time to come down for $APHA but still bullishDegree over 45
top candle shows buyers giving up or seller getting aggressive
going down for short term but still bullish trend
APHA - Levels on WatchNot sure what we are looking at here, yet. Certainly, $4.30 shouldn't break again...
Is APHA about to break out of a Bullish Flag?On a micro trading level APHA appears to have formed a bullish flag pattern, but the top resistance of the bullish flag is the same resistance of a more macro Ascending Triangle. Interesting.
The breakout to the upside will be modestly significant in terms of shaping the macro trend, IMO.
$APHA is at a Major CrossroadsAPHA is knocking on the door to a potential bullish shift, but it hasn't broken through yet.
Shares of the stock are currently testing confluence resistance at the 200-day MA, the downward sloped trendline, and established price level resistance in the $4.00-4.50 zone.
AHPA - All Eyes on CanopyFrom what it looks like to me, APHA needs an impulse to break key resistance around $4.30 and try for weekly resistance around $4.80. She is packing energy right now, and I am expecting $4.10 resistance-turned-support to hold. A break of this support may see a retest of $3.89.
There is no telling if wave 3 is complete yet, though. CGC reporting earnings tomorrow. I expect this to be the catalyst to provide direction for the industry, just like ACB's beat pushed the market last week.
Levels on watch :-)
APHA - possible target at 6.53 - up to 60% gainsAPHA seems to be tracing minor wave 3 up. If this is the case prices should trend to up to 6.53, where minor wave 3 would total the Fibonacci level of 1.618 of wave 1. If price crosses down 2.78, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
LONG: $APHADaily Time Frame:
- Breakout
- Ongoing Wave C of 4
- EMA20 and EMA50 would be crossing each other soon
Monthly Time Frame:
- Ongoing Wave 4 (pump)
- I am expecting another drop after the stock reaches ~$5
APHA EquilibriumThe asset sold of on news on Friday. The company strengthened its balance sheet at shareholders expense, amounting to a dilution of of roughly 7%. The company remains on track, but macro economic insecurity is likely to hold the share price down for some time to come.
APHA is currently is a wedge, most likely to break bearish, looking for the lower $3 range or $2.85 key support. We need to keep an eye on volume, for clues.
On the larger time frame, I am looking for a break above $4.79. Thinking this will be during the summer/fall...
APHA SHORT>5-3-5 Grandsupercycle Complex Elliot Wave WXY Zig-ZagAs the title suggests. After a plethora of analysis. I believe we are just about to begin the final 5th wave down to complete a WXY complex zig-zag on the grandsupercycle timeframe.
This theory corroborates my other NASDAQ predictions previously posted.
This theory, that we will see multiple legs down and extreme volatility in the coming weeks.
To complete the analysis, there is an incoming dump which will take weedstocks to new lows, APHA included.
Then there will be a rebound of the stock markets over all, and then another leg down.
However, on this next next leg down, APHA will not make a lower low. It will set first higher low.
TLDR: APHA to possibly 0.80 cents USD
ALTERNATE COUNT:
That wave 5 is already complete and there is no final leg down.
APHA: $5 Short Target [Has Long Potential]First off, please don't take anything I say seriously or as financial advise. As always, this is on opinion basis. That being said, let us get into my thoughts. I believe given how APHA been doing financially given this quarter, and its current bullish run, a $5 short target is reasonable. However, I am worried the wave may peak at that point, and it does have bearish potential afterwards if that is true. Overall, it does have long target potential with medium risk, but if I am right, a sell off and reinvestment may be better.
APHA - completing minute wave 1As forecasted in the previous post, APHA completed its minor wave 2 correction and is now tracing the final stages of minute wave 1. After this is complete, minute two should develop and after that it should be a good time to enter this position to capture the best wave to ride, that is wave 3.
APHA BullishTrend based FIB extension suggests a pull back to $2.88, while I consider $3 to be a very important, historical level. If SPY doesn't strike down, we'll see APHA charge batteries here, for another charge at key resistance.
APHA formed cup and handle, ready to go up from 3.2APHA formed cup and handle, ready to go up from 3.2
APHA - correction on the wayAPHA, a cannabis stock, seems to have finished minor wave 1 up and it is tracing down for minor wave 2. The most probable targets are from 3.39 to 2.84. If prices crosses up 4.28 this scenario will be void. FOLLOW SKYLINEPRO TO GET UPDATES.
APHA Upgraded to BuyLots of confluence on Jeffries' price target. Not unreasonable at all. 50% upside...
ACB - I've deleted it from my daily watch listThey expect their new shelf prospectus and reverse split to be completed on May 11. Based on last week's market cap, we would be looking at 35% dilution, but after yesterday's sell off, it is getting closer to 50%.
I had a buy box for a bounce play, but for the time being, I will be avoiding ACB like the plague. ACB and CGC, they once were kings of a promised land, and then, it all went bust. My money is safe with APHA, XLY, LABS, VLNS, and the USA based MSO's. Not with Acreage though. Perhaps I sound cynical, but this is a tough time for cannabis investors, and it requires a tough attitude and strong opinion. I act on what I see, not on what analysts tell me. One even suggests ACB is still a buy. Fundamentals and business strategy are key, and both CGC and ACB are lacking, for the time being.
ACB UpsideAs shown on the chart since erly October,ACB has been traded below the green trend line on the daily. It finally broke above it this week,but follow through is yet tobe confirmed.
On the macd side, divergence has been building up since early October too as shown by the green trend line. It is important to note that since the middle of May 2019, MACD has always been below the zero line and the upcoming blowout earnings could be the perfect spark to push it upwards finally after a whole year.
RSI has also been moderately trending upwards too. Although it broke the upwards trendline for a couple of days during early March, it still has potential to be a viable signal to the upside. Also just like the MACD, since the middle of May 2019, RSI has been traded below the 50th mark except for a few head fakes.
All in all I believe the longs will finally be rewarded and if Aurora comes clutch with a equity based partnership deal we will definetely be seeing a 10-15bil market within this year.
APHA Packing Energy for Another MoveLooking very good. Respected FIB levels, set a daily higher low and lower high with clear pivot points. I'm currently looking for clues as to where it may be headed. I picked some up at $2.20, so I am in a very comfortable position, but I would like to add some. It may go lower from here, or it may try for the MA50. A close above MA50 would be a buy signal for me. Otherwise scale in if it goes lower.
If it does go higher, targets are marked by Trend Based FIB Extension.
TLRY 50? ESCAPING THE INELASTIC CHOKE FUTURE OF CANNABISGood evening Trading viewers,
I present to you my second analysis on weed stocks. Is it a voodoo or a complex set of modelers in background or a mystic play of my mind.
The infinity governance of time and space has played in part lower single digits.
The axiom quantification of price says tlry $50, is it possible?!!!
Stop loss 1$. We will see, maybe i am right or maybe i am wrong.
Three years from now we will see and ponder about magnification of the ideas.
Let the game begin
$APHA is Staring at the $5 LevelAPHA is running at 1.7x sales with 450% growth on the top line. The bottom is in. The $5 level has a target painted on it over the near term.
APHA Clear ReversalA week or two ago, I published this enormous Cypher, and though I never actually trade of this kind of pattern, I figured APHA's valuation justified an entry. I bought at $2, and figured to see where it would lead. It bounced nicely from there, and I'm already enjoying about 60% profits. I haven't taken any profits yet though, so it is all still just very speculative.
Every rally gets tested, they say. I don't know what next week is going to bring, but a quick move down to $2.50 seems healthy and sustainable. Alternatively, it could linger at the range for a time, packing energy before the next move up, or down, depending on what is driving the price.
I see APHA as a winner. Excellent fundamentals, no strategic partner (yet), and excellent guidance for this coming year.
