Bad News Folks - Sell off Likely to continue

24 mag 2018

Although we came close to the Key resistance of 13.14, the trend is forming on a downward spiral.We past a key support point at 12.55 and are looking for support at 11.82. Based on the overvaluation and hype of Canopy Growth Corp. an adjustment lower to 11.62 is a more likely event. This will likely resort to a continued bearish trend for the short term. Any hyped news for Aphria will likely have minimal effect as the MJ index is beginning to look more bearish along with the S%P 500 r/t US interest rate hikes. I hate hate hate to say this but now would be a good time to pull out. Short, medium and long term projections will need to be reviewed. My apologies.