Aphria has had a great run into 2021, but it seems to have switched momentum in the opposite direction since February. I'm sure the bad earnings didn't help it's case either. Worst case scenario, it falls to the next level of support around where the 200 EMA is currently. Best case scenario, it bounces off current support and makes a run back into its upward channel. I believe it has found a bottom at this support and the 100 day EMA and will bounce to fill the gap created today before it trades sideways. Only Time Will Tell.
Votes for the Tilray merger are this week from both sides, then there will be an actual merger date. Both sides are encouraged to vote for the merger. Not sure what effect that'll have if that goes south, but doesn't sound like it will. Then come merger date, we would looking at the APHA stock becoming TLRY and the conversion there. So.. just some other things to think about..
MrxMvP
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@Arcnail, Of course nothing is guaranteed, but I see very little potential of the merger going south. I'd like to think the news of the merger has started to be already priced in, but I can't say for sure. Short term swings only for me at the moment.