APHA | Bull flag breakout

10 Mar 2021

Hi all,

APHA seems to be testing a breakout of a classic bull flag formation on the 4h chart.

Upside could be significant, I see this retesting $24 in the coming weeks if the positive Cannabis legislation keeps coming.

Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)

11 Mar 2021

Not

Still in the flag, yesterday's bull trap was quite nasty.
This could test 14.90$ again before popping. Would be inclined to add in that range.

15 Mar 2021

Not

We can sure call this a nice breakout. Lovely continuation of last week through this week.
For traders, I recommend $24.3 as an exit point.
Long term holders should see this as the beginning of a similar run up as last Oct - Jan

23 Mar 2021

Not

Current price action is forming a bit of a wedge inside of this breakout impluse move.
Looking for a pop to the upside to complete the bounce back to 24$