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Long on APHQF
已更新
Technicals:
- Coming down from large rally back in Jan. (as most Canadian based marijuana companies did) forming a nice bullish triangle
- The 20day SMA is millimeters away from touching passing the 200day SMA
- Stoch RSI just crossed after being oversold, leading me to believe some buying will be done
- CCI look interesting as its been playing around in between 100 to -100, the last time it did this was before the Jan. rally
Fundamentals:
- As with my other idea for CRON, I am bullish on the Canadian marijuana market, if the polls are bullish, I am bullish.
- APHQF has major distribution deal with Great Northern Distributors
- Approved to manufacture 30,000kg/yr (66138.679lbs/yr) which if we assume $1,000/lbs, annual sales could soar from 20M to 66M
Targets:
- Time frame: mid to long term, based upon upcoming vote
- I have not entered yet as the market is closed today, but Monday I will watch the charts for another bounce to the green support. (marked potential targets with the blue rectangle)
- Potential exits are the bright green lines, not necessarily at the times marked but around those prices
- Coming down from large rally back in Jan. (as most Canadian based marijuana companies did) forming a nice bullish triangle
- The 20day SMA is millimeters away from touching passing the 200day SMA
- Stoch RSI just crossed after being oversold, leading me to believe some buying will be done
- CCI look interesting as its been playing around in between 100 to -100, the last time it did this was before the Jan. rally
Fundamentals:
- As with my other idea for CRON, I am bullish on the Canadian marijuana market, if the polls are bullish, I am bullish.
- APHQF has major distribution deal with Great Northern Distributors
- Approved to manufacture 30,000kg/yr (66138.679lbs/yr) which if we assume $1,000/lbs, annual sales could soar from 20M to 66M
Targets:
- Time frame: mid to long term, based upon upcoming vote
- I have not entered yet as the market is closed today, but Monday I will watch the charts for another bounce to the green support. (marked potential targets with the blue rectangle)
- Potential exits are the bright green lines, not necessarily at the times marked but around those prices
交易進行
Entered position on the dip this morning at 9.20 a share.
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