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Strategies & Market Trends : Underexposed Canadian Stocks
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To: Underexposed who wrote (4)12/21/2017 9:52:21 AM
From: Underexposed  Read Replies (1) of 65
 
I am reconsidering the price that I set for my buy of this company... it is far too low... I doubt very much that this stock is going to fall to $12.50



the share price is quite Bullish as it enters consolidation... in the upper circle the share price still has a nice positive slope overall

The Slow Sto remains high above 80
the MACD is flat with a slight negative drift... this is normal as this IS a consolation period
The BBwidth is dropping fast as the Bollies tighten however it should drop to about a value of 10 before they are tight enough for a major move.

Now eventually the share price will gravitate to the 20day SMA (dotted green line)... but where to set that buy price???

Maybe my sentiment chart will help



Yes... this does help quite a bi... first of all the indicators at the bottom in the large circle...Are still quite bullish

However you can see that the Par Sar has touched the bottom of the share price close... so this confirms a drop in price happening soon.

Conclusion

I doubt that there will be a plummet... the indicators dispute that thought... But the gravitating to the 20daySMA should be starting now.

I will raise my Limit Buy for 2000 shares of Aphria Inc TO 13.00/share effective Dec 21/17 @7:50MST

I will watch to see if this order will fill and if the stock fails to drop to this level, between Christmas and New years I may raise the Limit Buy again.

UE
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