Canadian CANNAINVESTOR Magazine August / September 2017 - Page 172

Aphria Inc. (TSX:APH)

Aphria had yet another solid earnings report showing real profits and the stock has rallied quite well on the backs of it and volume to back up the move. The daily chart shows all major moving averages in a “coil” which is one of my favourite times to enter a stock. As we can see with the RSI we have a downtrend breakout with a higher low having already been confirmed. If the bulls can get one more of those then I think Aphria’s rally will go on to test $7.