APHRIA Technicals Look Ready For A Pullback

APH Will Pull Back From The Top Bollinger Band Before Oct 17 The Bottom is 17.20 on this chart...Will YOU Be In Cash?

Don't Just Stand Around In A Circle Jerk Singing Kumbaya

What is a 'Bollinger Band®'

A Bollinger Band® is a set of lines plotted two standard deviations (positively and negatively) away from a simple moving average of the security's price. A Bollinger Band®, developed by famous technical trader John Bollinger, is normally plotted two standard deviations away from a simple moving average but can be adjusted to user preferences.

BREAKING DOWN 'Bollinger Band®'

Bollinger Bands® are a highly popular technique. Many traders believe the closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market. John Bollinger has a set of 22 rules to follow when using the bands as a trading system.

See The Analysis Below

TSX:APH has a few possible scenarios leading into Oct 17. by shanksmatt on TradingView.com