ScotianBot

Aleafia is potentially trading in an Ascending Triangle.

TSX:AH   ALEAFIA HEALTH INC
AH is forming an Ascending Triangle or potentially a Bullish Flag , the dark green line is the base of either a bullish flag or descending triangle , the dark red line is clearly the downward sloping resistance of the pattern.

The dark blue upward sloping line of support has seen multiple bullish reactions upon being tested, I have placed three blue arrows to represent each time we've seen bullish price action upon the blue upward sloping line of support. The blue question mark is where I expect to see another bullish bounce keeping an Ascending Triangle & Bullish Flag intact.

Keep an eye on the divergence that will likely emerge on the RSI if another bounce happens in the price & a rejection comes into confluence with the previous two rejections on both the RSI & price.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.