McGuireTO

APHA daily rising wedge haunting the bulls

TSX:APHA   None
Yet another APHA bull break with no follow through, making this rising wedge pattern stand out to me even greater. Watching to see if bulls can form a new daily support above 12.65. Here are the levels

Keep in mind the past 10 weeks have been an incredibly bullish market environment, which is perfect for MJ bull runs to thrive in. We've been seeing weakness for the past few days and if this weakness in the S&P500 continues, that will have downward pressure on the MJ sector as a whole. Never lose sight of what the overall market is doing!

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