Aphria Inc. (OTC: APHQF)
whether they are missing out on things that other companies in the market are doing. If not, then perhaps it is just a temporary blip in prices and could actually signal a good time to purchase while it lags in value compared to its peers. We are not going to tell you which case this is. We are just sharing another technical technique that you can use when comparing companies. Happy evaluating.
Chart Patterns
Chart patterns can also be useful in helping us find bottoms. One we will specifically look at should intuitively make sense to you right away. Let's take a look at the rounded bottom chart pattern. After all, it is called a rounded bottom for a reason; bottom is in the name after all.
A rounded bottom is typically associated with a bullish reversal. That is, initially the share price is moving downward and then gradually prices flatten out before they gradually start moving upward again. One thing to look for with a rounded bottom is to check that as the prices start to come off the lows that the volume is also following suit. That is to say that the volume is starting to increase as well. Below you will find a chart of Zenabis Global, whereas it could potentially be creating a double bottom. Of course, we won’t know this until it is hindsight, but we can watch it closely here and combine this observation with others to help us determine if the bottom is indeed in for Zenabis. Bottoms up!