Decided to take a look at APHRIA on the Weekly (1W) chart, solely looking at:
- Macro trendlines
- Major support and resistance (i.e. major buy and sell zones)
That's it.
This is solely of interest, I suppose, to a positional trader. I am interested to see:
- Will the price action bounce against the current macro downtrend in the next few months
(this has not been tested since late 2018 and could be disputed I suppose)
It would have been a glorious positional trade to buy that major support, it wicked down beautifully into that zone.
- Macro trendlines
- Major support and resistance (i.e. major buy and sell zones)
That's it.
This is solely of interest, I suppose, to a positional trader. I am interested to see:
- Will the price action bounce against the current macro downtrend in the next few months
(this has not been tested since late 2018 and could be disputed I suppose)
It would have been a glorious positional trade to buy that major support, it wicked down beautifully into that zone.