Aphria 0.53% is turning the tides and is bullish! Moreover. the true major bullish breakout will occur once 12.34$ price point has been reached. At the point this price point, you can expect a very quick run up to 12.64 ps, followed by 12.91 and 13.14. Once, 13.14 price point is reached, it is blue skies. The latter being 15.20$ ps. I do believe we will reach 15$ per share within the next 2 weeks. On today's close we suspect the sp -0.51% to be range bound from 12.64 to 12.91 per share. Indicators are showing, Complete bullish reversal of MACD , Increase of net and bullish volume , RSI at breakout point at 52.56 (once 53 reached, bull break), CHOP at high (indicating selling pressure, however, it cant stay there forever, expect a reversal), balance of power leans towards extreme bullishness. Of all the indicators (52 used), we have extreme bullish reversal in play. A few indicators (and i mean 3, are showing a bearish sentiment, however, this will not be sustained in a bull run. Final tally, Extreme bullish indicators 22!!!!!!!, Bull indicators 16, Neutral 9, Bear 3. I have to say, its not often i see number like these. Again, once price point of 12.34 reached, an extreme bull play will occur.
Side Note: Legalization of MJ has just opened the door for FURTHER distribution agreements, institutional investors, investor groups (mine included), partnerships etc.. You catch my drift.
https://www.tradingview.com/chart/APH/o4cXALge-Aphria-In-Situ-Of-Major-Breakout/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish
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